June 2, 2023


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Taronis Fuels Appoints Main Financial Officer Other OTC:TRNF

New Government Delivers About 35 Yrs Accounting, Finance Working experience

PHOENIX, AZ, Dec. 28, 2020 (Globe NEWSWIRE) — Taronis Fuels, Inc., (“Taronis” or “the Company”) (OTCQB: TRNF), a international producer of renewable and socially dependable gas solutions, currently introduced the appointment of Ed Fred as the Company’s new Chief Money Officer. Mr. Fred has more than 35 many years of accounting, finance, and funds markets working experience, generally in the aerospace, manufacturing, and consumer merchandise industries.

Mr. Fred began his profession inside of the accounting office at Borden in 1980. In 1981, Mr. Fred commenced to significantly focus on international accounting, first with Sterling Drug, and then for a lot more than a decade with Grumman Intercontinental. At Grumman, Mr. Fred was promoted via progressively better responsibilities and roles, departing from Grumman as Controller and Director of Finance in 1995. Upon departing Grumman, Mr. Fred was appointed CFO, then CEO of CPI Aerostructures, serving there from 1995 to 2014. Following retiring from CPI, Mr. Fred was the CEO of Orion Acquisition Corp, a publicly listed exclusive function acquisition car (“SPAC”) from 2014 to 2018.

Mr. Fred is a previous member of the American Inventory Exchange Shown Firm Coverage Council. He is also a previous member of the New York Inventory Trade Listed Enterprise Policy Council. Mr. Fred is a graduate of Dowling College and been given his Master’s in Business enterprise Administration from Hofstra College.

“We are incredibly happy to announce Mr. Fred’s appointment as our Chief Economical Officer,” commented Scott Mahoney, CEO of Taronis Fuels. “Mr. Fred brings a wealth of understanding and management throughout accounting, finance, and the money markets. We search ahead to partnering collectively as we head into 2021 with a variety of near-expression milestones at hand.”

“Mr. Fred not only delivers numerous yrs of practical experience to the team, but he is also remarkably common with Taronis alone. For above a year, Mr. Fred has been engaged by Taronis Fuels to aid numerous regulatory facets of our spin-off from our former parent business. Most notably, Mr. Fred performed a direct function in our listing process, gratifying all regulatory and compliance necessities set forth by FINRA and the OTC Markets. It was his vital involvement that manufactured our spin-off profitable.”

“Equally importantly, Mr. Fred has intensive up-listing practical experience, notably with the New York Inventory Trade. As a direct advisor all through the up-listing software method, Mr. Fred has personally reviewed hundreds of internet pages of Taronis’ corporate paperwork. He has observed virtually every single agreement, all appropriate Securities Exchange Filings, and help for important push releases. He has a extensive-standing and robust performing romantic relationship across our group. With this sort of depth and breadth of perception into our Corporation, I firmly imagine Mr. Fred is effectively-positioned to hit the floor jogging and aid the Organization to provide its tactic.”

“I look forward to personally introducing shareholders to Mr. Fred at our upcoming shareholder city corridor, which will be introduced shortly for the next half of January to go over the preliminary benefits of operations for 2020, and our outlook for 2021,” concluded Mr. Mahoney.

About Taronis Fuels, Inc.

Taronis Fuels, Inc. is a worldwide producer of renewable and socially responsible gas goods. Our aim is to produce environmentally sustainable, know-how driven possibilities to conventional fossil gas and carbon-based economy solutions. We think our goods give a vastly cleaner answer to legacy acetylene and propane solutions.

Taronis is also focused to furnishing essentially safer solutions to meet up with the industrial, business and residential requirements of tomorrow’s international overall economy. Our goods have been rigorously examined and independently validated by global fuel authorities as vastly safer than acetylene, the most harmful industrial fuel in use currently.

Finally, we try to deliver goods that present sizeable operate superiority at a diminished charge to the conclusion buyer. Via these initiatives, we help 9 of the 17 United Nations Sustainable Advancement Aims. For more facts, remember to stop by our web page at www.taronisfuels.com/

Forward-Seeking STATEMENTS

This push release includes ahead-on the lookout statements as outlined in Part 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Exchange Act of 1934, as amended. These statements relate to long term functions, which includes our skill to elevate capital, or to our long term financial overall performance, and require known and mysterious threats, uncertainties and other things that may result in our true final results, stages of activity, performance, or achievements to be materially unique from any future final results, degrees of exercise, functionality or achievements expressed or implied by these ahead-searching statements. You should not area undue reliance on forward-seeking statements since they require regarded and unknown risks, uncertainties and other things which are, in some instances, over and above our control and which could, and very likely will, materially affect precise benefits, concentrations of exercise, effectiveness or achievements. Any ahead-searching statement reflects our latest sights with regard to potential occasions and is matter to these and other challenges, uncertainties and assumptions relating to our functions, benefits of functions, progress method and liquidity. We believe no obligation to publicly update or revise these ahead-looking statements for any cause, or to update the motives real benefits could differ materially from those predicted in these forward-hunting statements, even if new information and facts will become available in the long term.

For a dialogue of these threats and uncertainties, be sure to see our filings with the Securities and Exchange Fee. Our community filings with the SEC are available from industrial doc retrieval expert services and at the web site preserved by the SEC at http://www.sec.gov.

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