SulphCo Hires Chief Financial Officer SPARKS, Nev., Jan. 10, 2005 – SulphCo, Inc. (OTC Bulletin Board: SLPH), a leader in developing and marketing high-powered ultrasound technology and equipment for the petroleum industry, has hired Alan L. Austin as vice president of finance and CFO, the company announced today.
Austin has a 15-year career in finance and management. Since 2000, he has served as vice president for finance and administration with the Desert Research Institute (DRI), the separate research arm of the University and Community College System of Nevada. Based in Reno, DRI is recognized as one of the world¡¯s leading multidisciplinary environmental research organizations.
Previously, Austin was chief operating officer for administration and finance at The University of Texas Health Science Center at Houston. He also was a management consultant with APQC Consulting Group, and held management positions with Interpak Terminals and Chemtrusion, Inc., also based in Houston.
¡°Alan brings a broad range of experience to SulphCo that spans finance and operations with a variety of organizations,¡± said Rudolf Gunnerman, SulphCo chief executive officer. ¡°He also is familiar with the development of new innovations in the research environment. We are very glad to have him on board.¡±
¡°I am looking forward to working with Dr. Gunnerman and the rest of the organization to bring to market the impressive technologies the company has developed,¡± Austin said. ¡°I think my background and experience are an excellent fit for the organization and I am thrilled to be joining SulphCo at this exciting time.¡±