Miami, Florida - January 5, 2011: Alternative Fuels Americas, Inc. (PINKSHEETS: AFAI) announced today that Ambassador Ned L. Siegel has joined its Board of Directors as company Vice Chairman and will be active in day-to-day management.
Ambassador Ned L. Siegel was sworn-in as the Ambassador of the United States of America to the Commonwealth of The Bahamas on October 26, 2007, by Secretary of State Condoleezza Rice at the U.S. Department of State in Washington, D.C. During his 15-month tenure as Ambassador, he resided full-time in Nassau, serving as Chief of Mission responsible for all operations of Embassy Nassau. In May 2009, Ambassador Siegel was presented with the United States Coast Guard Meritorious Public Service Award. Ambassador and Mrs. Siegel returned to their home in Boca Raton, Florida, in January 2009, where he resumed his duties as chairman of The Siegel Group, Inc., a real estate development, investment and consulting firm active in all aspects of residential development, commercial development and realty management. Prior to serving the country as Ambassador, Mr. Siegel was appointed by President George W. Bush to serve as a Representative of the United States to the United Nations, where he served in New York from September 2006 - January 2007 under Ambassador John R. Bolton as a Senior Advisor to the U.S. Mission to the 61st Session of the United Nations General Assembly. In 2003, Mr. Siegel was honored by President George W. Bush with a Presidential Appointment to the board of directors of the Overseas Private Investment Corporation (OPIC), which was established as a development agency of the U.S. government in 1971 to help U.S. businesses invest overseas. Mr. Siegel served as a member of the OPIC board of directors until September 2007.
"I have known the management team of Alternative Fuels Americas for many years and appreciate both their business acumen and their commitment to social causes. I am committed to the success of this company, working alongside management to construct a profitable and meaningful oil enterprise in Latin America", comments Ambassador Siegel.
"We are honored and indeed privileged to have Ambassador Siegel join our Board of Directors", states AFAI CEO Craig Frank. "We look forward to his leadership and guidance as we execute our plan to establish a leading biodiesel company."
About Alternative Fuels Americas
Alternative Fuels Americas (AFA) is a "seed to pump" company developing above ground oil fields through the planting of high yield crops. The Company expects to engage in all phases of the biodiesel process - planting, growing, and harvesting Jatropha, crushing and refining Jatropha seeds into biodiesel, and selling the biodiesel or green fuel oil into the local markets. For more information, visit www.alternativefuelsamericas.com
This press release includes statements that may constitute "forward-looking" statements, usually containing the words "believe," "estimate," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or contribute to such differences include, but are not limited to, acceptance of the Company's current and future products and services in the marketplace, the ability of the Company to develop effective new products and receive regulatory approvals of such products, competitive factors, dependence upon third-party vendors, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.