Valley Forge Composite Technologies, Inc. Appoints Former Department of Energy (DOE) Director of Arms Control and Nonproliferation to Board of Directors
COVINGTON, Ky., April 8, 2008 -- Valley Forge Composite Technologies, Inc. (OTC Bulletin Board: VLYF) announced the appointment of Dr. Victor E. Alessi to its Board of Directors.
"With the addition of Dr. Alessi to Valley Forge's Board of Directors we are gaining the ability to deal more efficiently with governmental agencies on a worldwide basis, as well as his keen business skills. It is a natural fit with Dr. Alessi's experience with the Department of Energy (DOE) and our agreement with the DOE," said Louis J. Brothers, Chief Executive Officer and President of Valley Forge Composite Technologies, Inc.
From 1999 until 2007, Dr. Victor E. Alessi was Chief Executive Officer of the United States Industry Coalition (USIC), an organization dedicated to facilitating the commercialization of technologies of the New Independent States (NIS) of the former Soviet Union through cooperation with its members. Previously, he was President of DynMeridian, a subsidiary of DynCorp, specializing in arms control, nonproliferation and international security affairs. Before joining DynMeridian in early 1996, Dr. Alessi was the Executive Assistant to the Director, U.S. Arms Control and Disarmament Agency (ACDA). At ACDA he oversaw day-to-day operations, preparation of the Agency's budget, and its contribution to the National Performance Review. He resolved inter-bureau disputes, and advised the Director on all arms control and nonproliferation issues.
Dr. Alessi served as Director of the Office of Arms Control and Nonproliferation in the Department of Energy (DOE) prior to his work at ACDA. His duties included overseeing all DOE arms control and nonproliferation activities and, until 1993, he was responsible for developing and monitoring a $200M research and development (R&D) program that supported his office's responsibilities. This R&D program involved hundreds of scientists and engineers at DOE national laboratories, and covered the entire range of R&D from advanced concepts research extending the frontiers of science and technology to the development of systems based on existing technologies.
Before joining DOE in 1987, he was the Chief of the Strategic Affairs Division of ACDA. In that capacity, he was responsible for START, Anti- Satellite Arms Control, Defense and Space negotiations, and the Standing Consultative Commission (SCC). Also, he served on the SALT II, START, and INF delegations.
Dr. Alessi is a 1963 graduate of Fordham University, where he also earned a licentiate in Philosophy (Ph.L.) in 1964. He studied nuclear physics at Georgetown University, receiving his M.S. in 1968 and Ph.D. in 1969.
Dr. Alessi's bio can be seen here: http://www.vlyf.com.
About Valley Forge
Valley Forge Composite Technologies, Inc. and its wholly-owned subsidiaries are developers, manufacturers and worldwide distributors of next- generation detection and aerospace systems.
Valley Forge Detection Systems, Inc. is developing THOR LVX, an Advanced Explosives Detection System capable of penetrating all shielding to detect and identify explosives, nuclear material, narcotics and chemical and biological agents. It uses photonuclear gamma ray technology to identify substances at the molecular level. Expected markets include airports, seaports, cargo terminals and border crossings.
Valley Forge Imaging, Inc. offers the ODIN Personnel Screening System, which may be used in any market requiring personnel screening such as airports, schools, government buildings, sporting events, and passenger ferry terminals. It allows screeners to detect items such as explosives, weapons, narcotics, gemstones, bundled currency and ingested items at a rate of approximately 720 persons per hour without the need to remove coats, shoes or personal belongings.
Valley Forge Aerospace, Inc. brings cutting-edge components and customized solutions to the aerospace industry such as specialized, prototype Attitude Control Instruments for NASA, built to meet NASA's precise engineering specifications.
Valley Forge Emerging Technologies, Inc. exists to develop and commercialize other unique and innovative technologies.
For more information on Valley Forge and its products, visit http://www.vlyf.com.
Forward Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. Statements in this press release that relate to Valley Forge Composite Technologies, Inc.'s future plans, objectives, expectations, performance, events, reports made by others, and the like, including a statement about the assumptions underlying a forward-looking statement, are forward-looking statements protected by the safe harbor. Investors should understand that future events, risks and uncertainties, individually or in the aggregate, are factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. These factors could include changes in economic conditions or government policies that may change the demand for the Company's products and services and could include other factors discussed in the sections of the Company's report on Form 10-KSB for the year ended December 31, 2007 as filed with the U.S. Securities and Exchange Commission, entitled "Description of Business" or "Management's Discussion and Analysis or Plan of Operation." This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. Valley Forge Composite Technologies, Inc. uses paid services of investor relations organizations to promote the Company to the investment community. Investments in the Company should be considered speculative, and, prior to acquisition, should be thoroughly researched. Valley Forge Composite Technologies, Inc. does not intend to update these forward-looking statements prior to its reporting of its quarterly or annual results.
Contact Information:
Katie Robertson, Investor Relations
Valley Forge Composite Technologies, Inc.
50 E. River Center Blvd. Suite 820
Covington, KY 41011
Tel. 859-581-5111
Fax 859-581-5116
or info@vlyf.com