C-Bond Systems (Currently Trading as WestMountain Alternative Energy OTC: WETM) Announces New Board of Directors
Board includes prominent glass industry expert, experienced financial and capital markets executives, and operating and technology development leader
HOUSTON, June 04, 2018 (GLOBE NEWSWIRE) -- C-Bond Systems, currently trading as WestMountain Alternative Energy, Inc. (collectively, the “Company” or “C-Bond”) (OTC:WETM), a nanotechnology company that improves and strengthens brittle materials, today announced its new Board of Directors. The Company’s Board includes its Chairman and CEO, Scott R. Silverman, an experienced public company executive in advanced technologies; Scott Thomsen, a widely recognized expert in the global glass industry; Barry Edelstein, a leader in financial and capital markets, and successful entrepreneur; and the Company’s President and COO, Vincent Pugliese, a seasoned executive with a strong operating and technology development background.
Scott R. Silverman, Chairman and CEO of C-Bond, is an experienced public company technology executive and lawyer that has successfully led four public companies over the last 20 years. He was previously Chairman and CEO of Applied Digital Solutions (NASDAQ:ADSX) and Digital Angel Corporation (NASDAQ:DIGA) from 2004 to 2007. Applied Digital spun out VeriChip Corporation with Mr. Silverman serving as Executive Chairman. VeriChip Corporation completed an initial public offering on the NASDAQ in 2007 raising more than $30 million and was later sold to Stanley Black and Decker. Mr. Silverman also founded and served as Chairman and CEO of VeriTeQ Corporation, a leader in RFID technology for medical devices that went public in 2013 and was subsequently sold to a leading breast implant manufacturer. He is a graduate of the University of Pennsylvania and Villanova University School of Law.
Scott Thomsen was the President of Global Glass Group for Guardian Industries, the largest glass manufacturer in North America, where he was responsible for the P/L for multi-billion-dollar business with facilities in 27 countries on five continents and 11,000 employees. The Guardian Glass Group offers value-added glass products and services to customers in the commercial, residential, automotive, electronics and energy market segments in 110+ countries. He is an experienced international business leader with a successful track record of generating positive, sustainable growth by creating competitive advantage through new business ventures, technologies, products and services, applications and customer segments.
Barry Edelstein, who will chair the audit committee of the Board, is a dynamic business leader and entrepreneur with transactional, legal and capital markets expertise. He is currently a Managing Partner of Structured Growth Capital, Inc., which is part of a senior secured funding group that has transacted over 300 financings in excess of $3 billion. Previously, he was Interim President & CEO of Digital Angel Corporation, a leading international RFID and GPS company, acquired by Applied Digital Solutions. He was the President & CEO (Current Chairman) of ScentSational Technologies, LLC. He also co-founded GlobalCom Telecommunications, LLC, which was sold to Comcast Corporation where he served in an executive capacity for what is known today as Comcast Business. He received his LLM from the Delaware Law School of Widener University and his Bachelor of Business Administration from Drexel University Lebow College of Business.
Vince Pugliese, President and COO of the Company, is an expert in technology development and supply chain, and was previously a senior executive at Research in Motion (now Blackberry), responsible for North America and Canada reverse logistics operations. He plays an integral role in driving performance and productivity while reducing cost and improving efficiencies. Mr. Pugliese brings to C-Bond experienced senior executive leadership with an exemplary record of leading operations globally. He is a graduate of Carnegie-Mellon University and the University of Baltimore MBA program.
“I am extremely proud and excited about the Board we have assembled, which represents the finest leaders in the glass and technology industries,” stated Silverman. “I am highly confident in our directors, all of whom have deep operational experience in running businesses as well as expertise in capital markets.”
The Company has appointed Salberg & Company, P.A. as its independent registered public accounting firm for the year ending December 31, 2018.
C-Bond is engaged in the implementation of proprietary nanotechnology applications and processes to enhance properties of strength, functionality and sustainability of brittle material systems with a strong focus in the glass industry. The C-Bond™ technology enables ordinary glass to dissipate energy by permeating the glass surface and detecting microscopic flaws and defects that are randomly distributed over the glass surface. C-Bond’s unique qualities then work to locate and repair the identified surface imperfections that weaken the glass composite structure and ultimately act as failure initiators.
C-Bond Systems, LLC, headquartered in Houston, Texas, is an advanced nanotechnology company and sole owner, developer and manufacturer of the patented C-Bond technology. C-Bond is the ONLY patent-protected nanotechnology product that is scientifically tested and commercially proven to significantly increase the strength, safety and performance levels of glass and window film products. For more information visit us at www.cbondsystems.com, on Facebook, or Twitter.
Statements in this press release about our future expectations constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. These risks and uncertainties include, without limitation, C-Bond’s ability to raise capital; the Company’s ability to target the flat glass market; the Company’s ability to successfully commercialize its products; as well as other risks. Additional information about these and other factors may be described in the Company’s filings with the Securities and Exchange Commission (“SEC”) including its Form 8-K filed on May 1, 2018, and in future filings with the SEC. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
Contact: Allison Tomek C-Bond Systems 6035 South Loop East Houston, TX 77033 firstname.lastname@example.org
Released June 4, 2018