March 31, 2010, Houston, Texas
Fusion Petroleum Technologies Inc. (FPTI), the
U.S. operating arm of FusionGeo Inc. announced today
that it has appointed Mr. Richard Koseluk as President
and Chief Operating Officer of the Company effective
April 1, 2010. In this new role, Mr. Koseluk will
manage the daily operations of the services business
of FPTI, and will work closely with Dr. Alan R.
Huffman, Chairman and CEO of FusionGeo Inc. to manage
the growth of the business. Mr. Koseluk will assume
responsibility for the U.S. service operations of the
business, which will allow Dr. Huffman to spend more
time on growth of the international businesses and
development of new technologies that will take Fusion
to the next level as a global provider of expert
technology and software.
"Fusion has been growing rapidly over the last
three years with the acquisitions of Renegade Geophysics
and 3DGeo Inc. and expansion into new locations including
Libya, Saudi Arabia and Brazil, which requires that
senior management of the company be expanded to handle
the increased demands of the business." said Dr. Alan
R. Huffman, Chairman & CEO of Fusion. "Richard Koseluk
is an experienced executive with P&L experience who
has managed his own company, and has the skills needed
to manage the daily operations of FPTI. I am pleased
that Richard has agreed to take on this role and I have
complete confidence in his ability to help build Fusion
in the future."