Geospatial Holdings, Inc. announced the promotion of David Vosbein, formerly Executive Vice President/Worldwide Strategic Initiatives to the position of President and Chief Operating Officer. Mr. Vosbein will also retain his position as a member of the Board of Directors.
PITTSBURGH, PA. - Geospatial
Holdings, Inc. (OTC BB: GSPH) announced the promotion of David Vosbein,
formerly Executive Vice President/Worldwide Strategic Initiatives to the
position of President and Chief Operating Officer. Mr. Vosbein will also retain
his position as a member of the Board of Directors.
Mr. Vosbein will be filling the position formerly held by
Mark A. Smith, the Company’s founder. Mr. Smith will retain his positions as
Chief Executive Officer and Chairman.
Prior to joining Geospatial, Mr. Vosbein was the founder and
CEO of several successful energy and technology companies.
In 1982 Mr. Vosbein founded Wellstream Corporation, and
served as the company’s CEO and President prior to the company’s sale in 1995
to Dresser Industries and subsequent sale in 1998 to Halliburton (NYSE: HAL)
and in 2003 to the private equity group Candover Investment Partners. Now
Wellstream Holdings, PLC, (
is the largest provider of dynamic flexible riser pipelines and static
flowlines manufactured for applications in deep and ultra deep undersea environments.
Wellstream, which trades on the London Stock Exchange, (symbol “WSM”) employs
over 1,000 people internationally with facilities in the U.K., U.S.A.,
Canada, Brazil and Australia.
Since leaving Wellstream, Mr. Vosbein has served as Founder
and CEO of The Offshore Group, an independent oil and gas exploration and
production company; established a joint venture flexible pipe production plant
in Changchun, China, and founded Simulis, LLC (www.simulis.com)
a licensor of patented technology and software tools providing Simulation-Based
Assessment and Training Products for the energy, healthcare and aviation
industries. Simulis has licensed its technology to Simultech, LLC (www.simultech-usa.com). Customers using Simulis technology include
Halliburton, Schlumberger (NYSE: SLB), Weatherford (NYSE: WFT), Pemex, Kaiser
Permanente, Smiths Medical, and the American Nurses Association.
Mr. Vosbein received a Bachelor of Business
Administration/Economics from Tulane University and his Juris Doctor in Admiralty and Oil
and Gas Law from Loyola
Mark Smith, Geospatial’s CEO stated, “David has proven to be
a wonderful addition to the Geospatial team.
His 30 years of legal, entrepreneurial and operations experience within
the infrastructure industry are exactly what Geospatial needs at this critical
point in the Company’s rapid growth.”
Mr. Vosbein stated, “Geospatial’s ability to aggregate
critical infrastructure data from above and below ground level and to manage
that data for our clients, positions Geospatial to emerge as a leader in the
infrastructure data management field. Our business model is strong. We create
real value for the municipalities and pipeline operators that are beginning to
use our services. Geospatial is uniquely positioned to participate aggressively
in the upcoming Obama Administration Infrastructure Economic Stimulus Program.”
Additional info on
Geospatial can be found on our website atwww.geospatialholdings.com.
Geospatial Holdings Names Vosbein President and Chief Operating Officer
January 9, 2009