Empire Diversified Energy, Inc. appoints Joseph DiBartolomeo as Director for The Port of West Virginia

Rhea-AI Summary

Empire Diversified Energy (OTCQB: MPIR) announced the appointment of Joseph DiBartolomeo as Port Director for its subsidiary, Empire Trimodal Terminal, LLC., DBA Port of West Virginia. DiBartolomeo, a retired Brigadier General with 36 years of military service, previously served as City Manager of Weirton, West Virginia. His leadership is expected to enhance the expansion and modernization of the port's facilities, crucial for Empire's business development plans. CEO Frank Rosso highlighted DiBartolomeo's diverse experience as a key asset for the company's future growth.

Positive

• Appointment of Joseph DiBartolomeo as Port Director brings military and managerial expertise.
• Expected enhancement in port expansion and modernization efforts.
• Strengthened management presence at the Port of West Virginia.

Negative

• None.

FORT LAUDERDALE, Fla., July 28, 2021 /PRNewswire/ -- Empire Diversified Energy, Inc. (OTCQB: MPIR) announced today its wholly owned subsidiary, Empire Trimodal Terminal, LLC. DBA Port of West Virginia, has hired Joseph DiBartolomeo (Brig. Gen. ret.,) to the post of Port Director. Most recently the City Manager of Weirton, West Virginia, Mr. DiBartolomeo brings to the Port of West Virginia an accomplished thirty-six-year Marine Corps. and U.S. Army service record, as well as a lengthy and similarly accomplished career in both the private and public sectors.

Empire's West Virginia Business Development Bond Funding, and its designation as DBA Port of West Virginia has accelerated the process of expansion and modernization to its dock and wharf facilities in West Virginia, and the need for a strong management presence on the site. According to Frank Rosso, the CEO of Empire Diversified: "Joe's unique and widely diversified experience make him particularly suited to oversee the Port development, and the continuation of our business plan."

About Empire Diversified Energy, Inc.

Empire Diversified Energy, Inc. is a full-service company offering logistic and service solutions to the dynamic changing needs of the energy industry. The Company's goal, based on years of demonstrable experience, is to develop a network of logistics and storage facilities to promote international sales of petrochemicals and other materials.

Statements contained in this communication that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements, including our expectations regarding the closing and timing of the bond issuances and receipt of any proceeds therefrom, the expansion and modernization of facilities, and the continuation of our business plan, are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, or expected, or described pursuant to similar expressions.

www.EmpireDiversifiedEnergy.com

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SOURCE Empire Diversified Energy Inc.

FAQ

What is the significance of Joseph DiBartolomeo's appointment as Port Director for MPIR?

Joseph DiBartolomeo's appointment is significant as it brings military discipline and extensive management experience, which are expected to support the expansion and modernization of the Port of West Virginia.

How might the leadership change impact Empire Diversified Energy's business?

The leadership change may positively impact Empire's business by providing strong management oversight, potentially leading to accelerated growth and operational improvements at the port.

What are the future plans for the Port of West Virginia under MPIR?

Future plans for the Port of West Virginia include expansion and modernization of dock and wharf facilities, aimed at enhancing operational capacity and supporting the company's logistics goals.