JUPITER, FL--(Marketwired - Apr 24, 2014) - RenuEn Corporation (OTC Pink: RENU) (
Jeff Nemes, CEO of RenuEn stated, "I am pleased to finally announce the appointment of Anthony Pascucci, as the company's Chief Financial Officer. As I previously disclosed to shareholders, the final and most critical appointment to this company is that of a qualified CFO. With record Q1 revenue and earnings, the company is extremely lucky to have Anthony as RenuEn's newest Senior Executive."
Nemes continued, "A 1985 graduate of Rider University with a BS in Commerce and Major in Accounting, Mr. Pascucci brings nearly 30 years of financial experience to the RenuEn Team." Nemes added, "Having spent the last twenty years as the Financial Administrator of a large engineering firm that specializes in multi-disciplinary design and construction management services and with his experience managing large government contracts, Anthony further solidifies my desire to expand the range of services we will provide. In addition to his corporate experience, Mr. Pascucci spent the first nine years of his professional career in public accounting working on corporate audits, taxation and consulting services. We believe his diversified experience will be a great asset to the company moving forward."
Anthony Pascucci, CFO of RenuEn stated, "I am excited to be joining the RenuEn Team as the Chief Financial Officer. Having known Jeff for many years as well as having the opportunity to advise him at RenuEn, I have a high degree of confidence that the company is positioned for great things. The renewable energy sector has gained so much traction over the past few years and RenuEn appears to be in an excellent position to capitalize on this growing sector." Pascucci added, "I have strong feelings that in order to grow a company, you need three basic things. First, you need technically strong and ethical leadership and executives that can work in a team environment. Next, you must have sound financial policies and procedures in place and not be debt driven. Finally, you need diversification in your business model. I see all of these things at RenuEn and I look forward to contributing to the Team that Jeff has put together and I am excited to be a part of the future of RenuEn."
Mr. Nemes concluded, "Now that we have a CFO in place with the talent and experience of Anthony Pascucci, our shareholders can be confident that I will continue with my mandate to build a financially healthy company that relies on the people, systems and processes we have in place without the need for dilution or toxic debt instruments. We now have the ability to evaluate all of our future business opportunities with decisions supported by sound financial analysis. I look forward to releasing our 2014 Q1 financials in the coming days as well as the scheduling of our quarterly conference call."
About RenuEn Corporation
RenuEn Corporation (www.RenuEn.com) is a Renewable Energy Development, Engineering, Procurement and Construction (EPC) Company. The company focuses on Renewable Power projects and the development of solar, geothermal and other renewable energy strategies installing energy saving products and services for residential and commercial clients.
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This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results) and other factors discussed from time to time in the Company's Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
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