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CSMG Technologies Retains Top Ukraine Oil and Gas Equipment Design Engineer for Energy Projects

Posted on: Tuesday, 11 March 2008, 12:00 CDT

CSMG Technologies, Inc., (OTC BB: CTUM), a technology management company, announced the company has contracted with a top Ukraine Oil and Gas design engineer, Sergiy V. Sukhostavets, to head the company's equipment design and development of state-of- the-art processes for its energy projects.

Mr. Donald S. Robbins, president and CEO of CSMG, said, "We are pleased Sergiy is joining us for the design and development of our energy related processing equipment. Surgiy is highly qualified with a wide range of experience in all areas of oil and gas processing equipment and will lead CSMG's team on our oil and gas, nitrogen separation, C02 separation and other energy related projects in development, equipment design, manufacturing and installation."

"Mr. Sergiy Sukhostavets' degree is from the Kharkov Polytechnic Institute in compressors, refrigerating plants and mechanical engineering. He worked for SUMY-FRUNZE, an internationally recognized oil and gas equipment manufacturer that employs over 22,000 designers, engineers and manufacturing employees, for 21 years. There he held positions as foreman, leading design engineer, chief of design bureau, chief of technological department and for 18 years was Deputy Chief Turbo Compressor Machines Design Office. In March Sergiy became the chief project leader at the Ukraine Oil and Gas Institute, Kiev, Ukraine. We selected Sergiy for this project due to his experience with energy equipment, management capabilities and his ability to support our aggressive schedule," added Mr. Robbins.

Additionally, Mr. Sukhostavets working experience includes:

Compressor stations for natural and oil gas

Gas treatment plants

Absorption and adsorption gas drying plants

Natural gas liquefaction plants

Preliminary treatment of oil and hydrocarbon condensate

Types of completed work achievements:

Development of airhydraulic systems for compression of gas, gas treatment, condensate collection, starting gas (air), fuel gas, control gas (air), inert gas blow

Calculation and selection of fittings and equipment

Technical documentation and requirements specification, control algorithms for plants equipment, operating manuals

Technical meetings and negotiations, pre-contract project development

Preparation of technical side of tenders and commercial proposals

Experience in work with various Ukrainian, Russian and other FSU countries companies

Participation in Main Projects in JSC Sumy Frunze

gaslift compressor units for west Siberian stations (Nizhnevartovsk, Surgut, Nojabrsk) 1988 -- 1992

gaslift compressor units for transportation of oil gas for west Siberian stations (Nizhnevartovsk, Surgut, Nojabrsk) 1988 -- 1992

gaslift compressor units for reconstruction of Kachanovsky Ukrneft in 1992, development of technology, control algorithms for plants equipment, startup and adjustment works

gaslift compressor units for reconstruction of Anastasievsky deposit Ukrneft in 1992, development of technology, control algorithms for plants equipment, startup and adjustment works

gaslift compressor units for oil gas for Gasprom (Urengoy, Gubkinskaya, and others)

gaslift compressor units for oil gas transportation for Turkmenneft and Turkmengas in 1996 -- 2007, technology development, startup and adjustment works (Serdar, Shakhpakhty, Gotue-Depe, Yilanly, and others)

Gas treatment plant for landfill gas in Mobil, AL, USA in 2001 -- 2002, startup and adjustment works

Gas treatment plants for Rosneft in 2003 -- 2004, project leader, engineering follow-up, startup and adjustment works (deposits Gubkinskoye, Severo-Komsomolskoye, Tarasovskoye)

16 MW Electric power station based on aircraft gas-turbine drive, pilot plant in Sumy, developed for Surgutneftegas, Russia, in 2005 -- 2007. Technology development, project leader engineering follow-up, startup and adjustment works

gaslift compressor units for oil gas transportation for Surgutneftegas, Russia, project leader"

Sergiy Sukhostavets commented, "I am very pleased to be joining CSMG as I have known and worked on projects with Mr. Robbins for more than eight years. I look forward to working on these energy projects and combining my years of experience with new economical concepts and ideas. I have solid relationships throughout the former Soviet Union that can assist in development, design, implementation and evaluation of our projects and concepts."

CSMG owns the technology and exclusive world rights to its CO2 separation technology and is in the process of expanding the energy division and technology into other energy sectors for marketing and exploitation of this platform technology.

About CSMG Technologies, Inc.

CSMG Technologies is a technology management company that finances, owns, develops, licenses and markets innovative advanced technologies and business opportunities created in the Ukraine through a network of scientific institutes and private organizations. CSMG is focused on two primary subsidiaries, Live Tissue Connect, Inc. and landfill gas processing.

For further information on CSMG Technologies and its various subsidiaries, please visit our website at www.ctum.com.

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This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended (the Exchange Act), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial condition or results of operations; (iii) the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may,""would,""will,""expect,""estimate,""anticipate,""believe,""intend" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Source: Business Wire

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