Torvec Hires Government Affairs Specialists
ROCHESTER, N.Y., Oct. 30, 2006 -- Torvec, Inc. announced today that it has engaged American Continental Group, LLC to provide strategic counsel, skillful government relations and effective public affairs representation before federal and state governmental leaders and decision-makers. Headquartered in Washington, D.C., American Continental's professionals have established strong relationships with opinion leaders and governmental decision makers across the entire political spectrum, including the White House, Congress and numerous federal departments and agencies such as Defense, State, Energy, Homeland Defense, and Transportation.
American Continental provides comprehensive governmental advocacy services to major corporations, associations and not-for-profit organizations, including such Fortune 500 companies as Disney, Intel and Siemens. David A. Metzner, a Managing Director at Continental, serves on several national committees and has actively been involved in numerous campaigns for the Presidency, Congress and gubernatorial races.
Mr. Metzner said: "It is time for the automotive industry to deploy new technologies to make vehicles safer and cost-friendly for consumers. With its breakthrough technology, including the Full Terrain Vehicle (FTV), the Infinitely Variable Transmission and the IsoTorque Differential, Torvec is bringing the automotive industry into the 21st century."
James Y. Gleasman, Torvec's CEO said: "The engagement of American Continental is central to Torvec's implementing our New York state and national school bus proposal announced last June. They also have the kind of governmental contacts Torvec will need in order to successfully complete a business transaction with any one of a number of foreign and domestic suitors. In a word, we are very excited."
American Continental Group, LLC's website is www.acgrep.com About Torvec,Inc.
Torvec,Inc., based in Rochester, New York, develops advanced automotive technologies that increase transportation safety, mobility, fuel efficiency and reduce soot emissions. Torvec owns the technology for an Infinitely Variable Transmission that increases fuel efficiency at the same time that it reduces soot emissions, a Full Terrain Vehicle(FTV) that can travel over the most inhospitable terrain as well as on the most modern highways, an IsoTorque Differential that increases vehicle handling and enhances highway safety and the most advanced Constant Velocity Joint technology in existence today. Torvec's founders invented the famous Torsen Differential used today in high- performance vehicles and the military version of the Humvee.
To learn more about Torvec's many advanced technologies, including real- time CEO Updates and videos, visit www.Torvec.com
This news release contains forward-looking statements that are based on current expectations, estimates and projections about the company and its plans for future operation, as well as management's beliefs and assumptions. Words such as "expects," "anticipates," intends," "plans," "believes," "seeks," "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.