TRBO Turbotec Unres

 

TIDMTRBO 
 
RNS Number : 9568P 
Turbotec Products PLC 
27 July 2010 
 

                              Turbotec Products Plc 
                         ("Turbotec" or  "the Company") 
                                  27 July 2010 
    Withdrawal of Requisition of General Meeting and Appointment of Director 
Turbotec and Execuzen Limited ("Execuzen") are pleased to announce that Execuzen 
has withdrawn its requisition of a general meeting as set out in its 
announcement of 13 July 2010 and referred to in the Company's announcement of 14 
July 2010. 
Joseph DeSena (aged 41) has been appointed to Turbotec's board as a 
non-executive director with immediate effect. Mr DeSena is a managing director 
with Collins Stewart LLC ("Collins Stewart") in New York, a role he has held 
since June 2005. Mr DeSena was previously Chief Executive and owner of 
Burlington Capital Markets, a business which he founded in 1998 and sold to 
Collins Stewart in June 2005. 
As previously notified, Mr DeSena and Burlington Holdings Inc (a company 
controlled by Mr DeSena) hold 1,700,000 ordinary shares of 1 penny each, 
representing 13.27% of the Company's issued share capital. 
The directors welcome Mr DeSena to the Company's board and believe that he will 
be able to make a valuable contribution to the Company, given his 
entrepreneurial background and previous track record in growing companies. Mr 
DeSena commented "I believe my investment in Turbotec at this time is a very 
exciting opportunity and look forward to supporting the Company and helping it 
to realise its full potential". 
No other information in respect of Mr DeSena is required to be disclosed under 
Schedule Two (g) of the AIM Rules. 
 
For further information please contact: 
+--------------------------------------+--------------------------+ 
| Turbotec Products Plc                | www.turbotecproducts.com | 
+--------------------------------------+--------------------------+ 
| Robert Lowe, Non-executive Director  |        Tel: 07917 148930 | 
+--------------------------------------+--------------------------+ 
| Evolution Securities Limited         |                          | 
+--------------------------------------+--------------------------+ 
| Joanne Lake / Casper Kaars           |     Tel: +44 (0) 113 243 | 
| Sijpesteijn                          |                     1619 | 
+--------------------------------------+--------------------------+ 
Media enquiries: 
+--------------------------------------+-------------------------+ 
| Abchurch Communications              |                         | 
+--------------------------------------+-------------------------+ 
| Sarah Hollins / Quincy Allan         |    Tel: +44 (0) 207 398 | 
|                                      |                    7710 | 
+--------------------------------------+-------------------------+ 
 
 
For Execuzen Limited 
+--------------------------------------+-------------------------+ 
| Damon Advisers, LLC                  |                         | 
+--------------------------------------+-------------------------+ 
| Wynn Charlebois                      |    Tel: +1 704 372 8272 | 
+--------------------------------------+-------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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