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SANTA BARBARA, CA — 05/22/09 — Carbon Sciences Inc. (OTCBB: CABN), the developer of a breakthrough technology to recycle carbon dioxide (CO2) emissions into gasoline and other fuels, today announced that Byron Elton has been promoted to Chairman of the Board of Directors and CEO. Elton replaces Derek McLeish, who recently announced his retirement.
Commenting on the succession Derek McLeish said, “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.”
Under Elton’s management, Carbon Sciences has received national media coverage from USA Today, New York Times, Newsweek Magazine, as well as being recognized during a Congressional hearing on carbon recycling. This high profile media attention has resulted in partner inquires from all over the world.
About Carbon Sciences Inc.
Carbon Sciences Inc. 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, we are developing a highly scalable biocatalytic process to meet the fuel needs of the world. Our solution to energy and climate challenges is to enable a sustainable world of fuel consumption and climate stability by recycling CO2 into fuel. For example, Carbon Sciences’ breakthrough technology can be used to recycle CO2 emitted from fossil fuel power plants into gasoline to run cars and jet fuel to fly aircraft. To learn more about the Company, please visit our website at http://www.carbonsciences.com.
Safe Harbor Statement
Matters discussed in this press release contain statements that look forward within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such statements that look forward. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the statements that look forward contained herein, and while expected, there is no guarantee that we will attain the aforementioned anticipated developmental milestones. These statements that look forward are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Media Relations Contact:
Christina Brozek
Avalanche Strategic Communications
(201) 488-0049
http://www2.marketwire.com/mw/emailprcntct?id=461A9256F702EE2D
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