FT. LAUDERDALE, FL--(Marketwire -04/26/12)- BioPower Operations Corporation (BOPO.PK - News) (BOPO.PK - News) today announced that Michael Dinkes, Esq., CPA has agreed to join its Board of Directors and will be appointed Chairman of BioPower's Audit Committee. Mr. Dinkes, a seasoned attorney and Certified Public Accountant, has previously served in roles of both President and Chief Operating Officer of a public company with multiple subsidiaries.
Robert Kohn, BioPower Chairman and CEO, stated: "We are extremely excited to announce our first outside Director. Mr. Dinkes brings to BioPower tremendous breadth of experience and expertise. Mr. Dinkes will immediately assist BioPower in evaluating new opportunities, potential acquisitions, joint ventures, strategic alliances and foreign projects. In addition, as a former tax partner in regional accounting firms for over forty years he brings the experience garnered in handling the diverse issues involved with corporations and other business entities in multistate and international situations. He specializes in structuring acquisitions, divestitures and restructuring companies in turnaround situations. These attributes, it is believed, will be of great value to the company as it grows and expands."
Mr. Dinkes stated: "I have known and worked closely with a member of the BioPower management team for many years. I plan on being very active in the company's growth plan."
About BioPower Operations Corporation
BioPower Operations Corporation is a development stage, fully reporting company, focused on growing biomass coupled with the production and sale of biomass products and byproducts. The senior management team has analyzed numerous biomass technologies and various market niche opportunities resulting in short term plans to produce and sell biomass oils coupled with the execution of two long-term licenses to grow unique trees and bamboo that can be converted into oils, biofuels, animal feed or electricity. Biomass is a broad term that encompasses all plant and animal matter that can be used either as a source of energy or for its chemical components when converted into bio oils, biofuels, green electricity, animal feed and other valuable products.
The company's website can be viewed at www.biopowercorp.com
Forward-Looking Safe Harbor Statement:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of BioPower Operations Corporation and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed.
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