JUPITER, Fla., Aug. 16, 2010 (GLOBE NEWSWIRE) -- GelTech Solutions, Inc. (OTCBB:GLTC) announced today that Anthony Marchese has been appointed to its Board of Directors, effective August 12, 2010. Mr. Marchese brings more than 25 years of finance and investment industry expertise to the company and will provide advice and guidance to the GelTech Solutions' management team.
Mr. Marchese is currently President and Chief Operating Officer of Monarch Capital Group LLC, a New York City based FINRA member broker-dealer. He is also the General Partner and Chief Investment Officer of the Insiders Trend Fund, LP, an investment partnership whose mandate is to invest in those public companies whose officers and/or directors have been active acquirers of their own stock. Mr. Marchese's prior experience includes Laidlaw Equities, Southcoast Capital, Oppenheimer & Co, Prudential-Bache and the General Motors Corporation. He served in the military with the Army Security Agency and the U.S. Army Intelligence and Security Command.
"Mr. Marchese brings to our Board and shareholders a very strong background in the small and microcap arena," said Michael Cordani, Chairman of GelTech Solutions' Board of Directors. "He has proven to be a very talented and successful investment industry executive over the years and will bring a high level of experience and financial acumen to our Board. His unique perspective will be an added asset to our corporate vision and direction."
GelTech Solutions creates innovative, Earth-friendly, cost-effective products that help industry, agriculture, and the general public accomplish environmental and safety goals, such as water conservation and the protection of lives, homes, and property from fires.
FireIce(R) is a patented powdered fire suppressant used for direct attack of fires as well as a medium term retardant for structure protection. FireIce can be used in all types of apparatus; fire extinguishers, pumper trucks, aerial units for wildfires and home defense units for personal home protection.
Please visit www.fireice.com or join our growing fan base at www.facebook.com/FireIce911
For more information on GelTech Solutions, please visit www.geltechsolutions.com
DRC Partners, LLC