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David
Carlisle to Join Torvec Board of Directors
ROCHESTER,
NY (FEBRUARY 16, 2005) — Torvec, Inc. (OTC
Bulletin Board: TOVC [Quote].OB
- News) announced that David P. Carlisle (complete
bio), Chairman of the Board of Carlisle
& Co., management consultants to the global
automotive industry, will join the Board of Directors
of Torvec, effective April 1, 2005. Carlisle,
who is viewed by many as the world's leading automotive
consultant, has led engagements in North and South
America, Europe, Asia and Australia with nearly
every major motor vehicle OEM focusing on such
issues as enterprise strategy, program and product
development, network design, supply chain optimization,
marketing strategies, brand introduction, best
practices and performance/operational benchmarking.
His client list is more than impressive and includes
AM General (Hummer), BMW, Ferrari, Fiat Europe,
Ford, Ford Canada, Ford Europe, General Motors,
GM Canada, GM Europe, Gulf States Toyota, Harley-Davidson,
Honda, Hyundai, Isuzu, Maserati, Mazda (US and
Europe), Mid-Atlantic Toyota, Mitsubishi, DaimlerChrysler
(US, Canada, Europe), Nissan, Nissan Canada, Peugeot-Citroen
(Europe), Renault (Europe), Saab (US and Europe),
Saturn, Southeast Toyota, Subaru of America, Subaru
of New England, Toyota (US and Europe), Volkswagen
Audi (US and Europe), Volvo (US and Europe), AGCO,
Case, New Holland, Caterpillar (US and Europe),
Komatsu, and Volvo Construction.
In
accepting his position as a Director of Torvec,
Carlisle stated, "I am extremely impressed
with Torvec's technology portfolio, and
I am looking forward as a Director to the contributions
this technology will bring to the global automotive
industry."
Read D. McNamara, Chairman of the Board of Torvec,
remarked, "We are pleased that a man of
Mr. Carlisle's stature has agreed to join
Torvec's Board. His appointment speaks volumes
for our innovative technology, and we view David's
election as a validation that Torvec has a very
bright future."
Please see Torvec's website (www.torvec.com)
for an extensive presentation of David
P. Carlisle's background, experience, philosophy
and values which he expects to bring to Torvec's
Board of Directors and Management.
The
Company also announced that Joseph Alberti is
retiring as a Director after seven years of service.
Alberti was cited by McNamara for "meritorious
service to Torvec, a man whose legacy, wise counsel
and unflagging support will be missed."
Torvec,
Inc. specializes in automotive and related
technology. The company holds numerous US and
international patents protecting inventions such
as a steering drive and suspension system for
tracked vehicles, infinitely variable transmission,
hydraulic pump and motor, constant velocity joint
and spherical gearing. For additional information
and presentations, please visit Torvec's website
at www.torvec.com.
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TOVC
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