We are very pleased with the appointment of Neil to our Board of Directors
New York (PRWEB) September 25, 2006
SHEC - Solar Hydrogen Energy Corporation today announced that Neil Mohammed, a Director of BMO Capital Markets in New York, has been appointed to its Board of Directors.
Mr. Mohammed, who has been with BMO Capital Markets since 1996, is a Director in the firm's Debt Capital Markets group. He works with public and private companies on sourcing financing solutions, including the origination, structuring and distribution of debt and equity products. Mr. Mohammed's mandate is to assist primarily Canadian corporations in accessing U.S. institutional financing through private or publicly raised funds.
Mr. Mohammed has an MBA from Wilfred Laurier University and a Bachelors of Arts degree in political science from the University of Manitoba.
For the past 14 months, Mr. Mohammed has assisted SHEC as an advisor and has been instrumental in giving the company direction with respect to financial matters as well as SHEC's current private offering. He has also provided the company with advice on acting as a publicly traded corporation.
Mr. Mohammed's role with SHEC will be to evaluate various financing alternatives including the project finance debt market, public debt markets, public equity markets and potentially private institutional equity.
"We are very pleased with the appointment of Neil to our Board of Directors," said Tom Beck, President & CEO, of SHEC. "Neil brings high level corporate finance experience from the institutional and investment banking world and vast experience with publicly traded companies." Mr. Beck noted, "Over the past two years SHEC has had an internal mandate to strengthen the company's management and Board of Directors. With Neil's appointment to our Board we have taken another step in that essential direction."
"I'm excited to join the Board of a company as innovative as SHEC," said Mr. Mohammed. "The role SHEC is playing as the pioneer in the hydrogen economy is an important one for the global environment. I believe the opportunity SHEC is creating for safe clean energy will be recognized by investors, corporations and governments alike."
About BMO Capital Markets
BMO Capital Markets is a leading, full-service North American financial services provider offering corporate, institutional and government clients access to a complete range of products and services. This includes equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, merchant banking, securitization, treasury and market risk management, debt and equity research and institutional sales and trading. With over 2,000 employees, BMO Capital Markets works proactively with clients to provide innovative and integrated financial solutions.
BMO Capital Markets is a member of BMO Financial Group. Established in 1817 as Bank of Montreal, BMO Financial Group (TSX, NYSE: BMO) is a highly diversified financial services organization. With total assets of $268.5 billion at April 30, 2006 and more than 34,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and solutions. The organization's first branches in the U.S. opened in New York in 1858 and Chicago in 1861.
Additional information about BMO Capital Markets may be found at http://www.bmocm.com
About SHEC LABS - (Solar Hydrogen Energy Corporation)
SHEC LABS, a research and development company now embarking on commercialization, is a world leader in providing solutions for the production of clean, renewable energy for the emerging hydrogen economy. SHEC LABS, founded in 1996, has developed technologies to more economically harness the power of the sun, reduce the temperatures required for the disassociation of water, more economically produce hydrogen from fossil fuels and produce hydrogen from biomass sources.
Additional information about SHEC LABS may be found at http://www.shec-labs.com
For additional information, contact:
Ray Fehr, V.P. Marketing
SHEC LABS - Solar Hydrogen Energy Corporation
Phone: (306) 244-0122
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