SulphCo(R) Appoints Larry Schafran to Its Board of Directors
SPARKS, Nev., Dec. 11 /PRNewswire-FirstCall/ -- SulphCo¢ç, Inc. (Amex: SUF - News) announced today that it has appointed Lawrence G. Schafran to its Board of Directors to serve until the next Annual Meeting of Shareholders, filling a vacancy on the Board created by the resignation of Raad Alkadiri in September 2006. The appointment increases the total number of directors to six. Mr. Schafran will serve on the Company's Audit Committee, filling a vacancy created by the resignation of Hannes Farnleitner from the Audit Committee in November 2006. Mr. Schafran has extensive experience in the financial markets, corporate governance and is a member of the Board of Directors of several other publicly-traded companies.
Mr. Schafran currently is a Managing General Partner of Providence Recovery Partners LLC, a New York-based investment fund. He also serves as a Director and Audit Committee Chairman of PubliCARD, Inc., and Tarragon Corporation. He was recently appointed as a Director and Audit Committee member of Electro-Energy Inc. and as a Director and Audit Committee Chairman of RemoteMDx, Inc. In recent years Mr. Schafran has served in several capacities, including as a Trustee, Chairman/Interim-CEO/President and Co- Liquidating Trustee of the Special Liquidating Trust of Banyan Strategic Realty Trust, and Director of COMSAT, Inc. and Shoppers Food Warehouse, Inc., and Chairman of the Executive Committees of Dart Group Corporation and its publicly traded subsidiaries.
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