Altek Power
The Board of Directors of Altek Power Corporation is pleased to announce the appointment of Dr. Oussama S. Al-Dimashki to the Board of Directors of the Company
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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BOARD APPOINTMENT
(Kelowna, B.C. – Dubai, UAE) – The Board of Directors of Altek Power
Corporation (‘Altek’) is pleased to announce the appointment of Dr. Oussama
S. Al-Dimashki to the Board of Directors of the Company.
Dr. Oussama attended the University of Nebraska-Lincoln where he earned a
B.Sc. in agriculture, a M.Sc. in Agriculture Economics, and a Ph.D. in
International Economics. He served as Professor of Economics for the
University of Nebraska at Omaha until he accepted a position in 1991 as an
Economist with the Ontario Ministry of Municipal Affairs in Canada. In 1993
he was elevated to the position of Senior Economist with the Ontario
Ministry of Agriculture & Food & Rural Affairs. In 1997 Dr. Oussama left
the government to assume the role of Chairman of a consulting & advisory
firm that negotiated and coordinated the development of a multi-billion,
multi-use real estate development project. From 2002 to 2004 he was
instrumental in guiding, as Chairman of the Advisory Council, the growth of
a Middle Eastern bank. During 2003 he provided consulting services to
Dubai, UAE in respect of development of programs and policies involving
small and medium sized business. During this time he found time to
attend the Dubai University College as Professor where he taught Principles
of Professional Ethics.
Dr. Oussama is currently the Managing Director of Middle East Development,
LLC, Dubai, UAE. This organization is primarily involved in major real
estate investment and with interests in electric power project development.
It has grown rapidly during his governance from a modest asset base with 3
staff to a current staff of 45, assets exceeding
CAD $150,000,000 and projects having a completion value of CAD
$750,000,000.
The reciprocal interest between Dr. Oussama and Altek Power Corporation
lies with a common interest in power production and the resultant growth of
the Company. With the recently announced investment into the Company, Altek
is now able to begin to execute its business plan. This will involve
substantial sales growth, power project ownership, vertically integrated
acquisitions, and, most importantly the growth in value of the Company for
the shareholders. Dr. Oussama will play a key role in the governance of the
Company through his involvement on the Board of Directors.
Altek Power Corporation develops timely, profitable and environmentally
responsible energy solutions. As an independent power producer, Altek
provides quick-to-market electrical generation plants, which respond to
energy needs worldwide. Further information may be found at
http://www.altekpower.com
OUR MISSION
To develop timely, profitable and environmentally responsible
energy solutions that increase shareholder value.
The TSX Venture Exchange (TSX) has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
On Behalf of the Board of Directors of Altek Power Corporation
Byron P. Loewen
Chairman & CEO
For further information contact:
Terry Nixon, (250) 717-3707
(c)DGAP 06.02.2006
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language: English
emitter: Altek Power Corporation
1004, 1708 Dolphin Avenue,
V1Y 9S4 Kelowna, British Kanada
phone: 1-250-717-3707
fax: 1-250-717-3708
email: info@altekpower.com
WWW: www.altekpower.com
ISIN: CA02145D1033
WKN: 934830
indexes:
End of News DGAP News-Service
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