Calgary, Alberta, Canada. – August 11, 2008 – Genoil Inc. (TSX.V: GNO; OTCBB: GNOLF.OB) is pleased to announce the appointment of Hashem Dezhbakhsh to its Advisory Board. Dr. Dezhbakhsh is a professor of economics and chair of the Economics Department at Emory University, Atlanta, and he recently flew to the Middle East on behalf of Genoil to supervise the creation of cost and profitability models for the Genoil Hydroconversion and Oily-Water separation units. He assisted the Genoil team in the preparation of economic presentations to major oil companies and port operators, attended meetings and participated in those presentations.
Professor Dezhbakhsh received his Ph.D. in Economics from the Ohio State University. His expertise is in applied econometrics, economic forecasting, economics of crime, financial economics, applied microeconomics, and the oil industry. He has taught at Emory University, Ohio State University, Purdue University, University of Cape Town, and American University of Sharja in the U.A.E. He has also taught courses in doctoral, bachelors, masters, and executive MBA programs. Currently he is serving as Chairman of the Economics Department and Director of Undergraduate Program at Emory University.
Dr. Dezhbakhsh’s articles have appeared in leading economics journals, and his research has been cited in Newsweek, USA Today, Economist, New York Times, Chicago Sun-Times, Houston Chronicle, Atlanta Journal Constitution, Boston Globe, Australian, Atlanta Business Chronicle, Chronicle of Higher Education, National Journal, American Outlook, Weekly Standard, and National Review among others.
Dr. Dezhbakhsh is the recipient of several awards including Cuttino Award for Excellence in Mentorship, Emory University’s Williams Distinguished Teaching Award, Ohio State University’s Outstanding Teaching Award, and Sigma Nu Fraternity’s Favorite Faculty Award and Phi Beta Kappa recognition for excellent teaching.
Dr. Dezhbakhsh has appeared as an expert on many radio talk shows including NPR as well as on CNN, FOX News Channel, and ABC, NBC, CBS, and FOX affiliates in Atlanta. He has worked as an economic consultant for GAO, Carter Center, R.J. Reynolds, Pfizer, Drug Emporium, and Regional Bell Operating Companies.
Dr. Dezhbakhsh will advise Genoil on the costing and profitability models for its products and in their marketing around the world. He also speaks Persian and Arabic fluently.
About Genoil
Genoil Inc. is an international engineering technology development company based in Alberta, Canada that develops innovative hydrocarbon, oil and water separation, and marine technologies.
For further information contact:
David Lifschultz
Chairman and CEO
(212) 688-8868
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ADVISORY: The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
