Business News

Colorep, Inc. Appoints David Gelbaum to Board of Directors

Tuesday 07. April 2009 - Clean Tech Investor to Help Guide Textile Technology Company's Continued Growth

Colorep, Inc. (“Colorep, the Company”), a leader in sustainable textile solutions, announced today that it has named David Gelbaum to its Board of Directors.

Larry Levy, Colorep’s Chairman & CEO, stated, “We are delighted to have David Gelbaum joining Colorep’s Board. He brings extensive experience and strategically relevant relationships in building great companies in the clean technology field. I look forward to growing Colorep with Mr. Gelbaum on our team.”

Mr. Gelbaum is a Trustee of The Quercus Trust, one of North America’s largest clean technology funds.

“Colorep’s AirDye(R) technology will revolutionize the printing and dying industry as we know it,” said Mr. Gelbaum. “Its design capabilities, cost & inventory savings potential, and most importantly, its elimination of water and substantial energy reduction for decorating textiles and other consumer products as well, will make it the leader in this space.”