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Genoil Hires Jose E. Garcia-Torres as Vice President

NEW YORK, Oct. 03, 2017 (GLOBE NEWSWIRE) -- Genoil Inc. (OTCQB:GNOLF) is very pleased to announce that Jose E. Garcia-Torres has joined Genoil to spearhead Genoil’s business development for both Genoil’s GHU and to facilitate additional business alliances in Mexico. Mr. Garcia-Torres has been a consultant for many years in the field of business development and financial services in Mexico. We expect with Mr. Garcia-Torres’ background in economics and international banking and almost 30 years of government experience and an extensive network of international relations in the public and private sectors he will have a major impact on Genoil’s opportunities in Mexico and Latin America.

Mr. Garcia-Torres is President and Board Member of the US-Mexico Chamber of Commerce (USMCC) in Mexico City since 2010 and Board Member of the Chamber in the US. He has been associated with the Chamber since 1992, while he was in Washington in a Diplomatic Post.

With 30 years of service to Nacional Financiera (Nafin), the leading Industrial Development Bank owned by the Government of Mexico, Mr. Garcia-Torres is now actively involved in projects in the United States, Australia, Spain, Korea, Canada, China, Singapore and India.

Mr. Garcia-Torres was part of multiple negotiation teams for the financing and multiple loan agreements to Nafinsa for infrastructure, industry, mining, agriculture, education, health, training and technical assistance projects. These financings totaled about $15 billion dollars and were provided by The World Bank and The Inter-American Development Bank (IDB).

Mr. Garcia-Torres holds an M.A. in Economics from Vanderbilt University and a B.A. in Economics from the National University of Mexico, his Alma Mater. He has attended multiple Courses and Seminars in a variety of topics related to financial, industrial and infrastructure issues at The World Bank, IDB, FMI, Georgetown University as well as American University.

For more information please contact:
Steven Chizzik
201 454 5845 tel
chizz1@comcast.net email

Source:Genoil Inc.