EuroGas Appoints Director, Executive VP for North American Ops

EuroGas has appointed Harald Schmidt to the Board of Directors and Executive Vice President. Schmidt will direct the company's operations in North America, and will also assist in managing the company's operations in Europe. Schmidt is based in North America and Germany.

Since 1987, Schmidt has been a management consultant, serving clients such as Deutsche Lufthansa AG, Deutsche Bahn AG (German National Railway Corp.), ADIDAS (UK) Ltd., Whirlpool-Bauknecht AG. In addition, he has been a lecturer for corporate audit systems at the Austrian Academy for Business Executives (University of Graz) and logistics and touristic systems at the Bavarian College of Technology, Munich.

From 1983 - 1986 he held the position as head of MIS (Management Information Services) at Raychem-Germany GmbH and headed intercompany logistics projects at Raychem Corp. Brussels and Menlo Park, CA, a subsidiary of Tyco International Ltd. From 1978 - 1982 he held the position as head of MAS and ISA (Management Advisory Services and Information Systems Audit) at Price Waterhouse GmbH in Munich, Germany. Schmidt began his career as systems engineer and consultant at IBM and Eastman Kodak in Germany.

Schmidt is an industrial engineer and holds a Master of Arts (MA in economics and informatics) and Master of Science (MSc in mechanical engineering) degree of the Darmstadt University of Technology, Germany.

"I am delighted to welcome Harald to the EuroGas team,'" said Wolfgang Rauball, Chairman, President and CEO, EuroGas. "I have known Harald for a considerable period of time and am highly confident that his business experience will help our company reach its objectives of attaining significant increases in shareholder value."