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Toronto, ON / April 15, 2014 / Kenergy
Scientific Inc (KNSC) www.knsc.info (KNSC) today announced that it has named
Rajesh Babaria and Rajesh Dholakiya as co-chairs for the position of
Chief Technology Officer. Both Mr. Babaria and Mr. Dholakiya are
highly seasoned in the social media and marketing arena and bring unique
perspectives to Kenergy.
Mr. Babaria is CEO of Key TechnoLabs (KTPL) located in
Ahmedabad, India. He worked as a software engineer in his early career
developing software for Microsoft.net technologies. He in addition, Mr. Babaria
has programming skills in multiple languages like Asp.net, PHP, Java and Mr.
Babaria has extensive knowledge in Google search technologies. Mr. Babaria
said, "As UWRL is on a cusp of acquisition and entire board member and key staff
change, I respectfully provided my resignation notice to the incoming
management. KNSC is a dynamic company forward thinking focused on the leading
edge IT solutions. I'm excited to be
part of this growing and energetic company."
Rajesh Dholakiya is a freelance blogger and software programmer.
With the emerging importance of blogging
and social media, his blogging became a full time commitment. Mr. Dholakiya's
blogs include finance, the stock market, real estate, the great recession,
cuisine, travel, marketing, business, law and various other topics. He also
worked as a consultant for companies in the development of blogging and social
media platforms.
President and CEO of Kenergy, Zoran Cvetojevic, stated,
"We are very excited to have Mr. Babaria and Mr. Dholakiya; (BD) and their
vast knowledge of management and Internet experience as part of the Kenergy
family. It is no understatement that BD brings an amazing wealth of experience
to KNSC and its subsidiary Sparx Media Group. To the readers of our filings
their annual salary is not a misprint. Both BD have elected to receive as
annual salary, compensation of cash what other similar and comparable IT
employees; of this statue earn perhaps in a week. The payoff for BD is the KNSC
stock options that will kick in later on once certain thresholds are met. This is
a win - win scenario for both KNSC and BD. KNSC enjoys the privilege of having
top notch quality IT staff without increasing the cash layout or cash burn
rate. Once Stoned Pilots commences generating revenue payment in cash is a moot
point. For BD they already see the upside to KNSC and the Company direction"
Mr. Babaria and Mr. Dholakiya issued a joint statement,
"We could not be more excited to join the Kenergy team and head up the IT
department." We've been looking for
the right team to align ourselves with and we share the vision and goals of
this impressive team, and look forward to working with them."
More details will follow shortly.
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Kenergy Scientific, Inc. Safe Harbor: ?This
press release contains certain statements that may include
"forward-looking statements" as defined in the Private Securities
Litigation Reform Act of 1995. These forward-looking statements are often
identified by the use of forward-looking terminology such as
"believes," "expects," "anticipate,"
"optimistic," "intend," "will" or other similar
expressions. The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic reports that are
filed with the Securities and Exchange Commission and available on its website
at http://www.sec.gov. All
forward-looking statements attributable to the Company or persons acting on its
behalf are expressly qualified in their entirety by these factors. Other than
as required under applicable securities laws, the Company does not assume a
duty to update these forward-looking statements.
About Kenergy Scientific Energy: ?The
Company provides media marketing products, services and management expertise,
which includes access to capital, financing, legal, mergers, acquisitions,
joint ventures and management strategies.
SOURCE: Kenergy Scientific Inc
Release ID: 40510
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