Contact: Morris H. Wheeler, Chairman & Chief Executive Officer
For Immediate Release
Cohesant Inc. Announces Management Changes
BEACHWOOD, OHIO—December 8, 2009—Cohesant Inc. (Pink Sheets: COHY) (“Cohesant”) announced a corporate reorganization and the following management changes effective October 1, 2009.
Jack Prause was named the President of CuraFlo Inc., the newly created entity serving as a holding Company for both CuraFlo Franchising Inc. and CuraFlo Services Inc. Jack was previously the Chief Operating Officer of both CuraFlo business units. Brian LeMaire, who previously had income statement responsibility for our CuraFlo business units, will remain a Senior Vice President of Cohesant, and will add the title of Chairman and Founder of CuraFlo Inc.
In addition, Robert Pawlak was named Acting President of RLS Solutions Inc. (“Raven”) and Cohesant Materials Inc. (“CMI”). Rob will have full income statement responsibility for both business units and will also remain the Chief Financial Officer of Cohesant Inc.
Mr. Prause joined Cohesant in 2008 as its Vice President of Franchising. In April 2009 he became Chief Operating Officer of the CuraFlo business units. Prior to joining Cohesant, Mr. Prause held senior management positions with Mercer Management Consulting, the American Red Cross, Bain Capital, and International Paper. He was also a co-founder of Real Adventures Compounding Education, which developed and launched a successful retail franchising concept. A native of Columbus, Ohio, Mr. Prause earned his MBA in Strategic Management from The Wharton School at the University of Pennsylvania, and has BS in Engineering from the University of Michigan.
Mr. Pawlak has been the Chief Financial Officer of Cohesant Inc. since its formation and served as the Chief Financial Officer of Cohesant Technologies Inc., former NASDAQ listed parent entity of the CuraFlo, Raven, and CMI businesses, which was sold in February 2008. Rob has been a key executive with Cohesant and its subsidiaries companies since 1998, and an employee since 1994. Mr. Pawlak earned his MBA as well as his BS in Business from Indiana University.
“Our recent reorganization recognizes the unique aspects and needs of both CuraFlo and our other businesses. We felt the business units each needed a dedicated person to lead the day-to-day operations as Brian and I take a more strategic view of the businesses. Based on the growth we have witnessed in Jack and Rob over the past few years, we felt they were ready for more responsibility. We know they will speed the Company back to profitability.” said Morris Wheeler, Chairman and Chief Executive Officer of Cohesant.
Cohesant Inc., based in Beachwood Ohio, is engaged in the protection and renewal of drinking water distribution systems and wastewater collection systems for municipal, industrial, commercial and residential infrastructure and the design, development, manufacture and sale of specialty coatings and equipment used to apply such coatings. The Company markets its products under numerous trade names including; AquataPoxy, CuraFlo, CuraPoxy, and Raven.
Safe Harbor Statement
This communication contains forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, particularly those statements preceded by, followed by, or that otherwise include the words, “believes,” “expects,” “anticipates,” “intends,” “estimates,” or similar expressions. Forward-looking statements relating to expectations about future results or events are based upon information available as of today’s date, and there is no assumed obligation to update any of these statements. The forward-looking statements are not guarantees of future performance, and actual results may vary materially from the results and expectations discussed. These forward-looking statements are made subject to significant risks and uncertainties that could cause actual results to differ materially from those stated. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Cohesant Inc. undertakes no obligation to publicly release any revisions to these forward looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.