Las Vegas, NV (PRWEB) February 23, 2010
Xtreme Green Products, Inc. (XGP), an eco-vehicle company specializing in the development of electric vehicles, has announced today that it has appointed Byron Georgiou to serve as a member of its board of directors. Mr. Georgiou was elected to fill an existing vacancy.
“We are pleased to welcome Byron Georgiou as the newest member of our Board of Directors,” commented Neil Roth, President and Chief Operating Officer of Xtreme Green Products. “Byron’s industry experience and knowledge will be a tremendous asset to our company as we continue to grow and expand both here in the United States and abroad,” he added.
In addition to serving on the Xtreme Green Products’ Board of Directors, Mr. Georgiou currently serves as the President of Georgiou Enterprises, a company which manages a wide range of interests, including partnerships in several private equity firms, a portfolio of carbon emission reduction projects in China, and environmental cleanup of deep coal mining sites. Additionally, Mr. Georgiou is one of the ten members nationally of the Financial Crisis Inquiry Commission, a bi-partisan commission created under the Fraud Enforcement and Recovery Act of 2009 to examine the causes, domestic and global, of the current financial and economic crisis in the United States. Since 2005, Mr. Georgiou has served on the advisory board of the Harvard Law School Program on Corporate Governance. Mr. Georgiou received his undergraduate degree with Great Distinction from Stanford University, attending on a full Alfred P. Sloan academic scholarship, and his Juris Doctor degree magna cum laude from Harvard Law School.
“Xtreme Green Products is an exciting Nevada-based company with an enormous opportunity to grow as it delivers pollution and noise free vehicles that assist us in reducing our carbon footprint. I am honored to be chosen for the Board and look forward to working with existing management to guide the Company’s future,” explained Byron Georgiou.
About Xtreme Green Products:
Xtreme Green Products, Inc., is an eco-vehicle company developing and manufacturing revolutionary, electric-powered land vehicles. The Company currently offers several consumer vehicles for sale, including the X Rider, an electric motorcycle capable of speeds approaching 65 miles per hour, and an electric motor scooter, which can travel as far as 75 miles on a single charge.
In addition to its consumer vehicles, the Company also manufactures the Sentinel Police Mobility Vehicle, an electric vehicle for use by security and law enforcement officers. The Sentinel is designed specifically to replace bicycle and foot patrol with a reliable, state-of-the-art, and efficient urban neighborhood and downtown patrol vehicle. The vehicle’s three wheel design and size allow officers to patrol on sidewalks safely as well as go through open doorways and climb 6” curbs when in pursuit or rushing to a crime scene. The Company has recently introduced for both security and consumers all electric ATVs and UTVs.
All Xtreme Green Products vehicles are designed with proprietary energy management systems and electric propulsion systems, providing each vehicle with the power and ability of gas powered engines, but without the particulate pollution or noise pollution.
This press release contains forward-looking statements. The words or phrases "would be," "will allow," "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," "project," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in Xtreme Green Product's ("the Company") business plan. The Company's business is subject to various risks, which are discussed in the Company's filings with the Securities and Exchange Commission ("SEC"). Announcing the appointment of Byron Georgiou to the Company’s Board of Directors should not be construed as an indication in any way whatsoever of the value of the Company or its common stock. The Company's filings may be accessed at the SEC's Edgar system at http://www.sec.gov. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Unless otherwise required by applicable law, we do not undertake, and we specifically disclaim any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
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