2014-02-12 16:28:39 - Vision Industries' Board of Directors Extends the Contract of CEO
Long Beach, CA, -- Vision Industries Corp. (OTCBB: VIIC) announces that the Company's Board of Directors has renewed the executive employment contract with Martin Schuermann to continue serving as Chief Executive Officer for 3 years.
"We are pleased to have Martin at the helm of the Company. He has guided Vision through the transition from R&D to front-steps of pre-commercialization. We look to his leadership to take the Company into this new phase of further innovation and execution of commercial orders" says Scott Lambert, Board Member of Vision Industries Corp.
Before coming to Vision Industries, Martin Schuermann has served as Chairman and CEO of IM-Internationalmedia AG and Intermedia Inc., an industry leading producer and distributor of such feature films as Terminator 3,
Alexander, Basic Instinct 2, RV, One Missed Call and more than 40 other films. Mr. Schuermann was also a founding partner in LA based merchant bank Euro Capital Advisors LLC. Prior to this, Mr. Schuermann was Managing Director of CLT-UFA (US), Bertelsmann's US based TV and film arm. He has also served on several public company boards, including Intertainment AG, IM-Internationalmedia AG and Future Media Inc.
About Vision Industries Corporation
Vision is a developer of zero emission electric/hydrogen hybrid powered vehicles and turnkey hydrogen fueling systems. Vision's proprietary electric/hydrogen hybrid drive system combines the superior acceleration of a battery powered electric vehicle with the extended range provided by a hydrogen fuel cell. For more information on Vision Industries Corp..
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements 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 forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements 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 available from the Company.
Vision Contact Person(s):
Jerome Torresyap, President
(P) 310-454-5658 x 205
CONTACT: Jerome Torresyap, Jerome@visionmotorcorp.com
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