Scottsdale, Arizona 5/26/2009 10:28:35 PM
News / Finance

Byron Elton Promoted as Carbon Sciences, Inc.’s (CABN.OB) Chairman and CEO

QualityStocks would like to highlight Carbon Sciences, Inc. (OTCBB: CABN). The company is developing a breakthrough technology to recycle carbon dioxide (CO2) emissions into the basic fuel building blocks required to produce gasoline, diesel fuel, jet fuel and other fuels. Innovating at the intersection of chemical engineering and bio-engineering disciplines, Carbon Sciences is developing a highly scalable biocatalytic process to meet the fuel needs of the world.

 

In the company’s news Friday,

 

Carbon Sciences Inc. announced that Byron Elton has been promoted to Chairman of the Board of Directors and CEO. Elton is replacing Derek McLeish who recently announced his retirement.

 

Derek McLeish commented, “My retirement and Byron’s promotion to the chief executive position have been considered for quite some time. Byron has demonstrated great passion, vision and a unique ability to energize our company. He is a very capable leader. I am confident about passing the torch to Byron and look forward to my retirement knowing that the company is in good hands. As a founder and large shareholder, I will continue to support the company in any way I can.”

 

In accepting his promotion, Byron Elton stated, “I am honored and humbled with the responsibility to lead Carbon Sciences. Opportunities to make a truly meaningful contribution are rare, and I gratefully accept and embrace the challenge. During my career, I have been on the ground floor of revolutionary technologies in broadcast media and the Internet. However, nothing matches the significance of Carbon Sciences and our solution to the dual crisis of energy and climate. I look forward to Derek’s continued support and I wish him the best in his retirement.”

 

Carbon Sciences has received national media coverage from USA Today, New York Times, and Newsweek Magazine, which has resulted in partner inquires from all over the world. The company’s breakthrough technology is designed to enable a sustainable world of fuel consumption and climate stability by recycling CO2 into fuel.

 

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.