SaviCorp Appoints Steve Sperrazza as National Sales Manager
SANTA ANA, Calif., Sept. 20, 2012 /PRNewswire/ — SaviCorp® (Pinksheets: SVMI)
SaviCorp, maker of the DynoValve, today announced that Steve Sperrazza has been named National Sales Manager, effective immediately. In his position, Steve will be responsible for driving fleet sales and retail sales distribution, as well as hiring and training a national sales team to support these revenue-generating initiatives.
Sperrazza has over 15 years of financial experience as a Wall Street executive, formerly serving as President and CEO of Allrich, Alexander & Co., an Institutional Investment Banking firm. While in this post, Sperrazza was responsible for negotiating over $1 billion dollars of institutional investments with Fortune 100 pension and retirement plans. Through his pioneering vision, he was able to fund several billion dollars in Municipal Bond deals, and held seven securities licenses, of which four were principal’s licenses.
Prior to Allrich, as Vice President and Retail Investment Broker at Dean Witter Reynolds in California, and at Baird Patrick and Company in New York, Sperrazza managed over 1000 portfolios, totaling tens of millions of dollars. Sperrazza would educate his clients on a weekly basis by holding investment seminars for existing as well as new clients, focusing on teaching them about new investments, as well as strategies for retirement planning.
“I am pleased to have an executive with Steve Sperrazza’s exceptional experience in financial operations and client development, lead our national sales and distribution efforts,” said Serge Monros, Chief Executive Officer of SaviCorp. “Steve joins us at a pivotal stage of SaviCorp’s strategic direction as we sharpen our focus on volume delivery of the DynoValve within large fleets that will realize fuel savings and emissions reduction – critical steps toward increasing shareholder value.”
“SaviCorp continues to lead the way toward improving fuel efficiency and dramatically reducing our carbon footprint within the environment,” said Steve Sperrazza. “I look forward to expanding the Company’s current sales efforts and mining new opportunities to ensure that an increasing number of consumers and fleets realize savings with the DynoValve nationwide.”
SaviCorp (savicorp.com) is an innovative automotive technology company that licenses, manufactures, distributes and services an array of patented technologies and products that reduce harmful emissions and improve fuel efficiency. The Company, an evolution of more than twenty years of automotive engine emissions testing, materials research and development, was formed to create, support and license our patented supplementary vehicle Emissions Reduction Technologies (ERT) to reduce emissions and improve efficiency. Using proprietary methods and processes, the Company’s flagship DynoValve system protects the environment, lessens an engine’s carbon offsets, increases gas mileage, and improves engine performance resulting in dramatic savings in both fuel and oil.
Forward-Looking Statement Disclosure
Statements contained herein that are not historical facts may be forward-looking statements within the meaning of the Securities Act of 1933, as amended. Although we believe that the expectations and assumptions upon which they are based are reasonable, we can give no assurance that such expectations and assumptions will prove to have been correct. Some of these uncertainties include, without limitation, the company’s ability to perform under existing contracts, to procure future contracts, to acquire certain assets, or to finalize funding for the purchase of certain assets. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, successful implementation of our business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. We undertake no obligation and do not intend to update, revise or otherwise publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of any unanticipated events. Although we believe that our expectations are based on reasonable assumptions, we can give no assurance that our expectations will materialize. Many factors could cause actual results to differ materially from our forward-looking statements.