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Reseal announces the hiring of Dr. Markus Witschi as there new CEO complete with a background of his history in the beverage industry.
RESEAL announces new Chief Executive Officer to launch new global marketing plan for new resealable beverage packaging products
March 15, 2002 Berlin Germany - Advanced Technology Industries, Inc. (OTCBB: AVDI) is pleased to announce that Dr. Markus Witschi has agreed to become Chief Executive Officer and Director of RESEAL Ltd., its 96% owned subsidiary, effective May 1, 2002. Dr. Witschi will be responsible for all of RESEAL operations and global marketing efforts for the launch of RESEALs new line of resealable beverage packaging.
Mr. Hans-Joachim Skrobanek, President of Advanced Technology Industries, Inc., said, We are pleased that Dr. Witschi has decided to join RESEAL, Ltd. Dr. Witschis development and marketing expertise from the beverage industry should insure a successful product launch later this year of the proprietary resealable technology. Dr. Witschi has demonstrated his expertise at both PepsiCo and Coca Cola corporations where he headed product development and successfully launched new, innovative products. He is intimately familiar with the global markets and how to successfully dominate these markets."
Dr. Witschi previously served as Head of European Product Development for PepsiCo, Inc. Dr. Witschi also served as Marketing Director of Flavored Products and Marketing Director Cola Products for PepsiCo serving in both the United States and Germany. Additionally, Dr. Witschi served as Director of Business Development for the Coca-Cola Company. Dr. Witschi also served as Marketing Manager Europe and Marketing Director Switzerland for Coca-Cola, serving in the United States, Switzerland and Germany.
Dr. Witschi has been employed previously by Nissan Motor AG, Nissan Motor Europe in positions that included Vice President, General Manager Europe and Managing Director Switzerland. Dr. Witschi has previously served in executive positions with C&A Europe, Callahan Inc., and EOL SA. He has also served as Guest Professor at the Management School University of St. Gallen, lecturing on corporate strategy, marketing, mergers, acquisitions and communication.
Dr. Witschi received a Master of Business Administration from Stanford University and a Ph.D. from Pacific Western University.
Advanced Technology Industries (ATI") is a technology holding company with products and technologies in the consumer beverage industry and the nuclear waste management industry. ATI has established high-level relations with agencies of the Russian and German governments, particularly with agencies such as the Ministry of Atomic Energy of Russia (MINATOM) and Forschungszentrum Juelich, a German federal research institute.
Corporate contact:
RESEAL LTD: email: hjskrobanek@advancedtechnologyind.com.
The above news release contains forward-looking statements. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of Advanced Technology Industries, Inc., RESEAL Ltd, and their respective managements. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and are subject to a wide range of business risks, external factors and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements. Advanced Technology Industries, Inc. and RESEAL Ltd. assume no obligation to update the information contained in this press release, whether as a result of new information, future events or otherwise. This press release is not an offer, sale or solicitation to sell or purchase securities.
For More Information Please Contact Tony Troniak at avdiinfo@look.ca or call Toll Free 888 262-9229.
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