SPARKS, Nev., Dec. 2 /PRNewswire-FirstCall/ -- SulphCo, Inc.
(OTC Bulletin Board: SLPH), a leader in developing and marketing high-powered
ultrasound technology and equipment for the petroleum industry, announced
today that Dick Masica, formerly president of Texaco Chemical Inc., has joined
the company's board. Masica presently serves as an advisor to SulphCo.
SulphCo has developed patented ultrasound technology to remove sulfur from
crude oil that produces more usable oil per barrel. Based on current tests,
the company's ultrasound process, which alters the molecular structure of oil,
results in additional usable gallons per barrel of crude. SulphCo has a
collaboration agreement with Chevron Texaco Technology Co., a unit of
ChevronTexaco Corp., to expedite commercialization of the technology.
Masica served as president of Texaco Chemical, Inc. from 1994 to 1997.
During his 39-year career at Texaco, now ChevronTexaco, he also held the
position of vice president-business management of Texaco Chemical Company.
Masica has participated in a leadership role in two major divestitures, as
well as other domestic and foreign reorganizations, mergers and startups. He
fills the seat vacated by Kirk Schumacher, president of SulphCo, in a move to
create a more balanced board of directors for the company.
"Dick's expertise, counsel and respected track record in the industry will
be extremely helpful in guiding our efforts as we continue to bring our
technology to market," said Rudolf Gunnerman, SulphCo chairman and chief
executive officer.
"I am very pleased to be part of the board at SulphCo," Masica said. "The
company's technology has real potential to increase our domestic oil supply
and reduce our dependence on foreign oil."
About SulphCo, Inc.
SulphCo has developed a patented process employing ultrasound technology
to desulfurize and hydrogenate crude oil and other oil related products. The
company's technology upgrades sour heavy crude oils into sweeter, lighter
crudes, producing more gallons of usable oil per barrel. SulphCo's patented
process is currently undergoing analytical testing. SulphCo's technology is
intended to assist refiners and petroleum product marketers with the economic
and safe removal of sulfur from oil.
SOURCE SulphCo, Inc.
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CONTACT: Michelle Manoff of Rubenstein PR, +1-212-843-8051, mmanoff@rubensteinpr.com, for SulphCo, Inc.; or Dr. Rudolf Gunnerman, CEO of SulphCo, Inc., +1-775-829-1310, rgunnerman@sulphco.com
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