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| 8-K - 6D Global Technologies, Inc | v205982_8k.htm |
CleanTech
Innovations, Inc. Welcomes Joseph S. Rizzello, CEO of the National Stock
Exchange, Inc., as an Independent Board Member
NEW YORK,
December 20, 2010 /PRNewswire/ — CleanTech Innovations, Inc. (NASDAQ: CTEK;
website: www.ctiproduct.com;
"CleanTech"), a U.S. company and a market leader in China's clean technology
solutions in the wind tower industries, announced today that Joseph
Rizzello, CEO of the National Stock Exchange (NSX); website: www.nsx.com; has
joined CleanTech’s Board of Directors as an independent director. CleanTech now
has a total of six board members, four of whom are independent
directors.
Mr.
Rizzello will also become a member of each of CleanTech’s three independent
committees: Audit Committee, Nominating and Corporate Governance Committee and
Compensation Committee.
Ms. Bei
Lu, Chairman and CEO of CleanTech Innovations, Inc., commented, “CleanTech
strives to adhere to high standards in corporate governance as a public company.
CleanTech is honored to welcome Mr. Rizzello, a seasoned Wall Street executive
with almost 40 years of capital markets experience, to our Board of Directors.
CleanTech is focused on continuing to deliver solid earnings growth for our
shareholders and we look forward to Mr. Rizzello’s guidance for years to
come.”
Mr.
Rizzello commented, “I am pleased to
join CleanTech as an independent board member and assist the company in its
efforts in maintaining the highest standards in corporate governance. I am very
impressed with CleanTech’s business prospects and I look forward to contributing
to its continued rapid growth.”
About
Mr. Joseph Rizzello
Mr.
Rizzello is currently the Chief Executive Officer of National Stock Exchange,
Inc. (NSX), the first all-electronic securities exchange in the U.S. and also
CEO and Chairman of the Board of NSX Holdings, Inc., the parent company to NSX.
Before joining NSX, Mr. Rizzello was Special Adviser to NSX's Board of Directors
(2004-2006) and served as a Director on NSX's Board (2002-2004). Prior to
joining NSX’s Board, Mr. Rizzello was Managing Director of Pershing LLC, a Bank
of New York Mellon subsidiary and a leading global provider of securities
processing and investment-related products and services, and President of
Pershing Trading Company, LP (PTC). Prior to joining Pershing, Mr. Rizzello was
a Principal at Vanguard Brokerage Services (VBS), the brokerage arm of The
Vanguard Group, in charge of Vanguard's broker-dealer. Earlier in his career,
Mr. Rizzello was Executive Vice President of Strategy, Business and Product
Development at the Philadelphia Stock Exchange (PHLX), as well as President of
the Philadelphia Board of Trade, PHLX's futures subsidiary. Mr. Rizzello has
served on the boards of the International Visitors Council, Community College of
Philadelphia Foundation, Temple University's Business Curriculum Advisory Board
and the Philadelphia chapter of the Pennsylvania Partnership on Economic
Education.
About
CleanTech Innovations, Inc.
CleanTech
Innovations, Inc. (NASDAQ: CTEK; website: www.ctiproduct.com)
is a U.S. public company with its primary operations in China. CleanTech designs
and manufactures high performance clean technology products that promote
renewable energy generation, energy savings and pollution reduction. CleanTech's
products include wind turbine towers, bellows expansion joints and pressure
vessels, which are broadly used in the wind power, steel, coking, petrochemical,
high voltage electricity transmission and thermoelectric industries. CleanTech's
longstanding customers include Toshiba, China Guodian, HuaNeng Energy, Sinosteel
and other industrial leaders.
Safe
Harbor Statement
All
statements in this press release that are not historical are forward-looking
statements made pursuant to the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. There can be no assurance that actual
results will not differ from the company's expectations. You are cautioned
not to place undue reliance on any forward-looking statements in this press
release as they reflect CleanTech's current expectations with respect to future
events and are subject to risks and uncertainties that may cause actual results
to differ materially from those contemplated. Potential risks and uncertainties
include, but are not limited to, the risks described in CleanTech's filings with
the Securities and Exchange Commission.
Corporate
Contact
Mr. Jason
Li
Corporate
Communications
CleanTech
Innovations, Inc.
Tel:
011-86-157-1403-7180
Email:
investors@ctiproduct.com
Website:
www.ctiproduct.com