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David Lifschultz has a long and successful career in directing companies in the fields of technology transportation and energy. He is the President and Chief Executive Officer of Lifschultz Terminal Leasing Inc. a holding and investment company that allocates capital for alternative energy technologies and energy technologies that create greater efficiencies. He has been an investor in the oil and energy industry for the past 20 years with consistent annual returns on capital. He has a vast portfolio of oil and energy related companies including a 4.8% stake in NYSE Callon Petroleum (CPE).
From 1980-1991 Mr. Lifschultz was President and Chief Executive Officer of Lifschultz Fast Freight a surface transportation company with 2000 employees and revenues of approximately $100 million per annum and he also supervised Trans Air Freight Systems which he sold to Air Express International (AEI). In addition he supervised Ocean Freight Forwarder Wolf and Gerber and brokerage clearing house Loretz & Co. Mr. Lifschultz created the first integrated surface air transportation system.
For 10 years Mr. Lifschultz was President and CEO of Lifschultz Industries Inc a high tech precision heat measuring company that measured heat to the nano degree which was sold to Danaher in 2001. Mr. Lifschultz built the Company up from $1.50 stock value and $2 million in sales with no profits and sold it 8 years later for $33 million ($22.80 per share) to Danaher (DHR). Family transportation interests date back to 1899. He is the largest shareholder and sits on the Board of Directors of Worldwater Inc. a solar power energy company. He owns approximately 20% of Genoil's common shares and has invested millions of his family money with Genoil. | 