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This release contains forward looking statements. The words "believe," "expect," "feel," "plan," "anticipate," "project," "could," "should" and other similar expressions generally identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are subject to a number of risks and uncertainties including, without limitation, variations in estimated costs, the failure to discover or recover economic grades of minerals, and the inability to raise the funds necessary, changes in external market factors including commodity prices, and other risks and uncertainties. Actual results could differ materially from the results referred to in the forward-looking statements.
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Mr. Paolo Bonini
Mr. Bonini has successfully served on the management team of Società Chimica Larderello S.p.A. ("SCL") since 1994. He joined SCL as the Chief Financial Officer before being promoted to General Manager in 1999, and ultimately the Chief Executive Officer in 2001, the position he continues to hold. Under Mr. Bonini's direction SCL has continued to grow and prosper, with EBITDA increasing by +100% during the past five years.
Mr. Bonini's experience and training will be of great benefit to Erin, as SCL has been a leader in the boron industry since 1818 (making it the world's oldest producer of boric acid). SCL is the only European producer of boron products, engaged in the production and marketing of specialty boric derivative products with applications that include the nuclear, electronic, chemical, and pharmaceutical sectors. Under Mr. Bonini's leadership, SCL has achieved worldwide sales, distributing its products in more than 50 countries.
