RADNOR, Pa., Jan. 15 /PRNewswire-FirstCall/ -- Penn Virginia Resource Partners, L.P. (NYSE: PVR) announced today that Edward B. Cloues, II has been elected to the Board of Directors of its general partner, Penn Virginia Resource GP, LLC. Since December 2001, Mr. Cloues has served as a director of Penn Virginia Corporation (NYSE: PVA), the sole shareholder of the general partner. Since 1998, Mr. Cloues has been Chairman of the Board and Chief Executive Officer of K-Tron International, Inc. (Nasdaq: KTII), a Nasdaq National Market company. K-Tron is involved in the design and manufacture of high performance material handling equipment for the process industries, including, through its recent purchase of all of the stock of Pennsylvania Crusher Corporation, the manufacture of size reduction equipment used by utilities to crush coal for use in coal-fired plants. In addition to his management and operations experience, Mr. Cloues, 55, brings over 25 years of experience in mergers and acquisitions, much of it gained during his partnership at Morgan, Lewis & Bockius LLP, one of the world's largest law firms. PVR was formed by Penn Virginia Corporation (NYSE: PVA) to manage coal properties in the United States. PVR also provides fee-based coal preparation and transportation facilities to some of its lessees to enhance their production levels and to generate additional coal services revenues. In addition to the coal business, PVR generates revenues from the sale of timber growing on its properties. PVR is headquartered in Radnor, PA. SOURCE Penn Virginia Resource Partners, L.P. -0- 01/15/2003 /CONTACT: Frank A. Pici, Vice President and Chief Financial Officer of Penn Virginia Resource Partners, +1-610-687-8900, or fax: +1-610-687-3688, or firstname.lastname@example.org/ /Web site: http://www.pvresource.com / (PVR PVA KTII) CO: Penn Virginia Resource Partners, L.P.; Penn Virginia Corporation; Penn Virginia Resource GP, LLC; K-Tron International, Inc. ST: Pennsylvania IN: OIL MAC SU: PER -0- Jan/15/2003 14:50 GMT
Penn Virginia Resource Partners, L.P. Announces New Director
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