Our Company

The Market Leader in Composite Ties

TieTek LLC is a wholly owned subsidiary of North American Technologies Group, Inc. (NAMC)

TieTek is the worldwide leader in developing and manufacturing composite ties, an innovative product for railroad track construction, maintenance and operation. Our management consists of experienced business people, railroad executives, and materials scientists who are committed to bringing the highest quality, most reliable, and cost effective product to our customers.

TieTek has been producing ties for over 10 years, and our production facility in Marshall, Texas has been in operation since 2004. TieTek™ ties have been proven in both experimental and real-world conditions, in the United States and around the world.

Management

Joe B. Dorman, General Counsel & Investor Relations. Mr. Dorman has been with the company since April 2005. Mr. Dorman is both a certified public accountant and an attorney. He served as local counsel for BancLeasing, Inc., a Michigan corporation, from 2001 to 2005. From 1999 through 2001, he was Chief Financial Officer and General Counsel to that company's predecessor, BancLeasing, Inc., a Texas corporation. BancLeasing, Inc. specialized in establishing leasing programs for community banks. He received his BBA in Accounting from the University of Oklahoma and his JD from the University of Texas School of Law.

Holly Lowry, Corporate Controller. Ms. Lowry is responsible for the Company’s financial and accounting functions.  Previously, she was the CFO for Central States Manufacturing, Inc. a privately held manufacturer of roll-formed metal building components.  She also held prior positions with Whirlpool Corporation, Teledyne Controls, and Conoco-Phillips.  She received her Bachelor of Science degree in Accounting from Oklahoma Wesleyan University, and is a certified public accountant.

Dale Ramthun, Operations Manager. Mr. Ramthun has had responsibility for the Company’s Marshall Texas manufacturing facility.  Previously, he served as the Company’s Production Manager.  Mr. Ramthun has nineteen years of manufacturing experience including Plant Manager for Illinois Tool Works (ITW) Angleboard Inc., and Plant Manager for Lippert Components Inc. 

Joe Christian, Director of Human Resources and Special Projects. Mr. Christian has responsibility for the Company’s department of Human Resources, along with responsibility over the Company’s Information systems, and Compliance and Safety programs.  He has over thirty years of manufacturing/maintenance experience in Human Resources and Employee Relations.  Prior to joining TieTek he worked for Perot Systems as a Facilities Manager at that company’s corporate headquarters.

Board of Directors

D. Patrick Long, Chairman of the Board & Chief Executive Officer. Mr. Long has been a partner in the law firm of Patton Boggs LLP for more than five years. He is President of Beta UBD, a private energy company; Vice-President of Aegis Services Company, LLC, a private property management company; Vice-President of Lobo Petroleum Company, a private energy company; and Chairman of the Board of Katana Energy, LLC, a private energy company.

Richard J. Guiltinan. Jr. Richard J. Guiltinan is currently the Vice President, Chief Accounting Officer of Flowserve Corporation. He is a Certified Public Accountant with over 30 years of experience in finance and accounting, including serving as the Chief Financial Officer of Caltex Corporation, an international refiner and marketer of petroleum products. Mr. Guiltinan is the Chairman of the Audit Committee of the Board.  He holds a BA from the University of Notre Dame.

Michel Amsalem. Mr. Amsalem is the Founder of Midsummer Capital LLC, the investment manager of the Midsummer group of funds/investment partnerships, and has served as its President since July 2001. From May 1999 to June 2001, Mr. Amsalem was a managing director of Omicron Capital, LLC, an asset-based financing firm. Mr. Amsalem has over thirty years of experience in the origination, structuring, negotiation and management of investments in complex environments. Prior to Midsummer Capital LLC, Mr. Amsalem was successively Founder and Managing Director of Citibank's Structured Finance Department, of Banque Indosuez Investment Bank for Latin America and Eastern Europe and of Patricof Emerging Markets. Mr. Amsalem started his career at the International Finance Corporation, the private sector arm of the World Bank. Mr. Amsalem received his Doctoral degree from Harvard University and his MBA from Columbia University where he presently teaches business policy and strategy courses as a management professor. Mr. Amsalem is a graduate of Ecole des Hautes Etudes Commerciales in France.

Joseph A. Ethridge. Mr. Ethridge is currently a member of Comanche Associates, LLC, a company engaged in the consulting business. From 1990 until recently, Mr. Ethridge served as the Senior Vice President Finance and Treasurer of Sammons Enterprises, Inc. (Sammons), a holding company. Prior to joining Sammons, Mr. Ethridge was a tax partner with Coopers & Lybrand, an accounting firm, from 1975 to 1990. Mr. Ethridge is a member of the board of directors of iSecureTrac, Corp. (symbol ICES.OB). Mr. Ethridge received a BBA in Accounting and an MBA in Finance and Real Estate from the University of North Texas.

Bruce Leadbetter. Mr. Leadbetter has served as Chief Executive Officer of Sponsor Investments, LLC, a private investment group, since 2003; CEO of the Astraea Company, a private investment company; and Astraea Investment Management, LP since 1991. Mr. Leadbetter was, until 2008, a partner of Beta Capital Group, LLC, a private investment group; a member of Aegis Services Company, LLC, a private property management company; and until 2009 was a member of the board of directors of iSecuretrac Corp (symbol ICES, OB). He was CEO of Astraea Aviation Services (Dalfort) from 1994 to 2008; a director of Levitz Furniture from 1974 to 1997; Chairman of the Executive Committee of Braniff Airlines from 1984 to 1988; and was a director of Adam Aircraft Industries, Inc. from 2003 to 2008.