Until such time as AVTI begins compensating them, they will receive compensation from ROE as a percentage of the fees received for M&A services to ROE's clients which may include AVTI and NCC.
Kilraine, the newly elected chairman of the board of AVTI said, "The marriage of AVTI and NCC should create a bright future for AVTI and its shareholders.
Kilraine, chairman of the board of directors of AVTI holds a BS in Chemical Engineering from Bucknell University (1972), MS degrees in Chemical & Polymer Engineering from Lehigh University (1976) and an MBA from the University of Scranton (1974).
Stanulonis, CEO and member of the board of directors of AVTI holds an MBA from Case Western Reserve University (1983), Post-Doctoral Fellowship in Chemical Engineering-Synthetic Fuels (1976), and Ph.
Ranno continues on as an AVTI board of directors member and secretary.