Allied Energy Corporation has appointed of Seth M. Shaw as Chairman of the Board of Directors and Chief Executive Officer. In this capacity, Mr. Shaw will focus on day to day operations, securing requisite capital for proposed transactions, and completing the definitive merger agreement with Starfield Minerals Ltd. At this time Mr. James Porter, CPA will remain as President, Director, and Chief Financial Officer.
Mr. Shaw is an experienced organizer of private placement funding from institutional investors. He built his financial industry experience at major firms such as American International Group (AIG) Global Investment Group, Harvest Capital Management and DoubleClick, Inc.
In April of 2005, Mr. Shaw founded Novastar Resources Ltd. to focus on the acquisition of thorium properties, with the vision of the metal thorium being utilized as a more efficient, non-proliferative source of nuclear fuel, at a future point. Mr. Shaw assisted the Corporation in raising more than $17.5 million from top-tier institutional investors and was instrumental in the successful completion of the merger between Novastar Resources and Thorium Power. Mr. Shaw was retained as the Director of Strategic Planning to maintain Institutional Investor Relations for the firm until April 2007. He remains as a consultant to the company at the present time.
Since March 2007 Mr. Shaw has also held a position at Uni-Pixel, Inc., handling institutional investor relations. In this capacity, he has assisted management in enhancing market awareness with top tier institutional investors.
Previously Mr. Shaw helped form the biotechnology startup, Physician Therapeutics, LLC, in early 2004. He served as Interim Chief Financial Officer for more than one year, arranging the company's initial financing and assisting in the structuring and negotiation of joint ventures. That Company was subsequently acquired by Targeted Medical Pharma and generates substantial annual revenues.
Mr. Shaw graduated from Cornell University in 2001 with a bachelor's degree in Policy Analysis Management and a concentration in Econometrics. Mr. Shaw sits on the boards of the Cypress Fund for World Peace and Security in Washington, D.C. and the Jewish Community Center ("JCC") in Dutchess County, New York.
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