Commodore Environmental Services, Inc. names Edwin L. Harper President and Chief Operating Officer

Business Wire, Nov 26, 1996

NEW YORK--(BUSINESS WIRE)--Nov. 26, 1996--Commodore Environmental Services, Inc. (OTC: COES) today announced that Edwin L. Harper, a former Co-Chief Executive Officer of the Campbell Soup Co., has been named President, Chief Operating Officer and a director of the company.

Mr. Harper, 55, has been President of the Association of American Railroads (AAR) for the past five years. Under his leadership, the AAR played a leading role in the revitalization of the rail industry including significant technological advances in track/train systems, power and brakes. Previously, he was with Campbell Soup Co., for five years as Chief Financial Officer and, during that company's transition in management in late 1989 and early 1990, as Co-Chief Executive Officer.

Mr. Harper held key White House appointments in two Presidential administrations. Under Ronald Reagan, he was deputy director of the Office of Management and Budget (OMB), where he created the President's Industrial Competitiveness Initiative. Under Richard Nixon, he was Special Assistant to the President and played a key role in the Administration's "New Technologies Initiative." In 1968, he was a post-doctoral fellow with the Bureau of the Budget (now OMB) where he did a major study of the budgeting system in 16 Federal Agencies.

"Commodore Environmental Services is extremely fortunate to have Edwin Harper as its President and Chief Operating Officer," said Paul E. Hanneson, the Company's Chairman and Chief Executive Officer. "His leadership experience at the highest levels of government and industry prepare him for this opportunity to direct the commercialization of Commodore's enabling process technologies. Mr. Harper possesses the necessary vision to build these new industries."

Commodore Environmental Services is an environmental materials- process technologies company. In June 1996 its wholly-owned subsidiary, Commodore Applied Technologies, Inc. (AMEX: CXI, CXIW) successfully completed its initial public offering of common stock and redeemable warrants, raising gross proceeds of $35,075,000. Commodore Environmental Services has retained 69.3% ownership in Commodore Applied Technologies. On November 20, 1996, Commodore Environmental Services announced that it was transferring the wholly-owned subsidiaries, Commodore Separation Technologies, Inc. and Commodore CFC Technologies, Inc., to Commodore Applied Technologies in exchange for $3,000,000 and 7,500,000 seven-year warrants of Commodore Applied Technologies exercisable at $15.

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