NEW YORK, NY--(Marketwire - April 21, 2011) - TurkPower Corporation (OTCBB: TRKP) (the "Company") is pleased to announce the appointment of James Davidson to its Board of Directors. A veteran of two decades in the mining business, Mr. Davidson was a founding director of Anatolia Minerals Development, whose ascent to success started with a single mine in Turkey. He helped steward Anatolia's growth from a penny stock to its recent transformation into Alacer Gold Corporation, (TSX: ASR) an intermediate gold producer with 400,000 ounces of gold output annually, and a market cap approaching $3-billion.
Aside from building Anatolia, Mr. Davidson helped found and developed other successful companies. Two of these reached a market capitalization of $1-billion, two others reached market valuations of +$500-million, and approximately a dozen that achieved market values of $100-million or more. This includes Uranium Energy Corporation; Hana Mining Ltd., which subsequently spun off New Hana Copper Mining Ltd.; Agora Publishing and NewsMax Media. Davidson was also a founder of New Oroperu Resources and Ouro do Brasil Holdings, of which he is chairman. He is also a Director of California Gold Corp. and the non-executive chairman of Passport Potash Inc.
TurkPower Chairman Ryan E. Hart commented: "James Davidson has a proven record in developing and growing mining businesses. From building Anatolia, he knows Turkey and its mining industry and its vast mineral resources and opportunities very well. We believe his deep industry knowledge and capital markets experience will accelerate the success of TurkPower."
"I am excited to join TurkPower's team and help grow the Company's mining and energy business," Mr. Davidson said. "Turkey is not only the world's second-fastest growing economy but also the second-fastest growing energy market in the world. Exploitation of its vast mineral reserves and dramatic increase of electricity production capacity is essential to fuel Turkey's future growth. I strongly believe TurkPower is well positioned to strongly contribute to these macro trends, as well as benefitting the Company's shareholders."
About TurkPower Corporation
TurkPower Corporation (OTCBB: TRKP) is a Turkish-American consulting and service operations firm with a strong focus on the booming Turkish energy and mining industries. TurkPower offers its domestic and international clients consulting services and acts as a full service operator for wind, hydro, solar and coal power plants in Turkey. In addition to its energy business, TurkPower aims at becoming a substantial player in the Turkish mining industry by acquiring and consolidating operational mines with proven reserves, utilizing economies of scale to increase returns.
Safe Harbor Statement
The statements by our officers, and other statements regarding optimism related to the business, consulting, service operations, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business and subject to successful financing. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many risk factors that affect the industry the Company operates in and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere.
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