Frank Perkins Joins USI as Chief Operating Officer; Gerald Bell Joins as Vice President of USI Cable Division
April 29 2009 - 12:10PM
Marketwired
Universal Systems, Inc. (PINKSHEETS: UVSS) announced today two key
appointments. Frank Perkins was named Chief Operating Officer,
reporting to USI Chief Executive Officer Kevin Chambers. Before
joining USI, Perkins, 50, was a Directorate Manager for CAS, Inc.
(a wholly owned subsidiary of ITT Corporation) in Huntsville,
Alabama. USI also named Gerald Bell to the newly created position
of Vice President of USI Cable Division. Bell, 63, comes to USI
from Energy Independence, Inc., where he served as Chairman.
Before joining USI, Frank Perkins spent 8 years with CAS, Inc.,
a defense contractor headquartered in Huntsville, Alabama, where he
managed the Information Technology Division and the Prototyping and
Integration Division. Frank also served as Program Manager on a
large, multi-task engineering services contract awarded to CAS by
the U.S. Government. Prior to this Frank managed several contracts
awarded to Nicholas Research Corporation by the U.S. Government for
production of advanced training devices for STINGER-based missile
systems. He holds a bachelor's degree in electrical engineering
from the University of Alabama in Huntsville.
"USI has spent the past two years assembling the processes and
tools to provide waste management services in the petroleum
industry. Frank's experience in engineering and management and
depth of understanding in building and maintaining infrastructure
will be invaluable assets as he positions USI to capitalize on its
investments," said Kevin Chambers, President and Chief Executive
Officer, USI.
In his new role as Vice President of USI Cable Division, Gerald
Bell will oversee salvage of the submarine cable held by USI. Bell
will be responsible for salvage operations including survey,
recovery, transportation and disposition of the metals recovered.
Bell brings 40 years of experience in shipping operations and
equipment, and demonstrated management of marine projects. Through
his career, he has developed a solid network of key individuals in
the marine community worldwide.
"The objective in bringing Jerry aboard is to coordinate the
several entities necessary and to oversee execution of the salvage
effort," said Chambers. "Given his experience in managing projects
of similar scope and complexity, and his contacts in the marine
community, I am confident he will move USI forward quickly on this
project."
About Universal Systems, Inc.
Universal Systems, Inc. (USI) is a publicly traded holding
company focused on providing economically and ecologically viable
water and wastewater treatment solutions. USI offers a FULL SERVICE
turn-key water treatment services, specializing in "slop oil" and
CBM (Coal Bed Methane) produced water.
In 2007, USI obtained an exclusive worldwide licensing agreement
to provide slop oil and processed wastewater treatment services to
the oil industry. The company's mission is to become the leader in
the development and delivery of cost effective slop oil and
processed wastewater treatment. USI joined Powell Water Systems,
Inc. (PWS) and Water Solutions, LLC (WS) to bring PWS's patented
electrocoagulation technology to the oil industry, making large
flow waste oil, and water treatment efficient and cost
effective.
More recently, USI has discovered the immediate need to become
involved in building, owning, and operating centralized produced
water processing facilities. This service is widely needed wherever
natural gas is produced. The diminished capacity to handle
processed water from natural gas production is causing some
production wells to be shut in until alternative-treatment plants
can be brought on line. As tougher water discharge regulations are
imposed, the need for these services becomes even greater.
USI's business plan for expansion includes the purchase or
acquisition of other specialized trade service companies that will
complement and enhance the overall product and service offering of
the company.
Safe Harbor Statement Under The Private Securities Litigation
Reform Act Of 1995:
The Private Securities Litigation Reform Act of 1995 (the
"Reform Act") provides a "safe harbor" for forward-looking
statements to encourage companies to provide prospective
information, as long as those statements are identified as
forward-looking and are accompanied by cautionary statements
identifying important factors that could cause actual results to
differ materially from those discussed in the forward-looking
statements. Universal Systems, Inc. desires to take advantage of
the safe harbor provisions of the Reform Act. All future written
and oral forward-looking statements attributable to the Company or
any person acting on its behalf are expressly qualified in their
entirety by the cautionary statements contained or referred to
above. New risks and uncertainties arise from time to time, and it
is impossible for the Company to predict these events or how they
may affect the Company. We assume no obligation to update any
forward-looking statements as a result of new information, future
events or developments, except as required by federal securities
laws. In addition, it is our policy generally not to make any
specific projections as to future earnings, and we do not endorse
any projections regarding future performance that may be made by
third parties.
Universal Systems, Inc. is traded on the OTC Exchange under the
symbol UVSS. More information is located at the website:
universalsystemsinc.net
Contact: Kevin Chambers info@universalsystemsinc.net
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