Mantra Venture Group, Ltd. (OTCBB: MVTG) Larry Kristof, President and CEO, Announces New Board Member — Good Sign When Company Adds Members
Mantra Venture Group, Ltd. (OTCBB: MVTG) is building a portfolio of subsidiary companies and technologies that mitigate negative environmental and health consequences that arise from the production of energy and the consumption of resources. Mantra is quoted on the OTCBB under the symbol MVTG and on the Frankfurt Stock Exchange under the symbol 5MV.
When a Company starts adding people you know they are moving in a positive direction.
In mid-May Mantra added Elden Schorn has to the board of directors. Mr. Schorn has extensive experience in business-government relations and has held numerous executive positions with trade organizations representing Canadian manufacturers and the Canadian government. He has served as Vice President, B.C. Region, Canadian Manufacturers and Exporters Association, Canada’s leading business network. He also served as Consul and Senior Investment Advisor at the Canadian Consulate in New York.
Business Model
Mantra anticipates a licensing process whereby it will manage sales of ERC plants, client contracts, and will receive and manage the royalties and fees. Long-term relationships will be created with valuable research and development laboratories, whether government or private.
Market Opportunities
ERC will find its natural partners among the large emitters of greenhouse gasses (CO2 makes up 85% of GHG). These include the power utilities, especially those that burn coal to generate electric energy. Manufacturers of portland cement are also large emitters putting out approximately 1 metric tonne of CO2 for every tonne of product. The steel industry is an obvious emitter, as is the oil and gas industry at its well head sites and refineries. The chemicals industry is a major emitter. All of the above-noted industries command multi-billion dollar market values and abundant opportunity for profit for ME and its partners.
When Companies begin an expansion period you typically see that preceded by new staff. MVTG is moving forward on its plans.
Contact:
Larry Kristof
President and CEO
Mantra Venture Group Ltd.
#4 2119 152nd Street
Surrey BC V4A 4N7
Office: 604.535.4145 ext 234
Facsimile: 604.535.2597
Website: Mantra Energy — http://MantraEnergy.com
Email: larry@mantraenergy.com
Mantra on Twitter: www.twitter.com/mantraenergy
Forward-Looking Statements: Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Mantra Venture Group’s filings with the Securities and Exchange Commission which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
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