Clearford Announces Appointment of Chief Executive Officer
OTTAWA, Jan. 3, 2013 /CNW/ - Clearford Industries Inc. ("Clearford" or the "Company"),(TSXV: CLI) today announced the appointment of Mr. Kevin Loiselle to the position of President and Chief Executive Officer. Former CEO, Mr. Bruce Linton, will continue as a member of the Board of Directors and special advisor for strategic markets.
In announcing the appointment, Roderick M. Bryden, Chairman of the Board of Directors, said "Mr. Loiselle has an excellent record of building profitable business operations. This experience will be key as Clearford moves to convert a depth of quality contract opportunities into deliverable projects and revenue. Mr. Loiselle joined Clearford in October 2011 as Vice President Sales and became President and Chief Operating Officer in July 2012. His appointment as CEO gives Clearford the benefit of his operating experience while maintaining continuity with the Company's strong market position in the high growth areas of Southeast Asia and South America.
"I am very confident in the market opportunity for the Clearford wastewater collection and treatment solution", Mr. Loiselle said. "During the next 12 months I expect to see the Company achieve positive earnings from operations based on closing and delivering projects both internationally and in Canada. In the longer term I believe that the Clearford system will become a significant factor in bringing clean water and sanitary sewage collection and treatment to many areas of the world," he said.
"Clearford enters 2013 with initial contracts in Southeast Asia and South America while also positioned to benefit from high in-market credibility." Mr. Bryden further commented. "Mr. Linton has been instrumental in establishing Clearford in our target markets and I look forward to his continued contributions to Clearford," he said.
About Clearford Industries Inc.
Clearford Industries Inc. (TSXV: CLI) is the developer of the patented Small Bore Sewer ™ (SBS™), a watertight small diameter wastewater collection system that provides servicing with superior operational and environmental performance at a significantly lower cost when compared to historic gravity sewers. Clearford's SBS™ technology and industry expertise provide the enabling platform to deliver, on a global basis, turnkey, fixed-price wastewater collection, treatment and energy generation solutions that are ideally suited for water-scarce regions, those with unreliable water distribution networks, and new developments seeking a greener approach to water and wastewater management. For more information on Clearford, please visit www.clearford.com.
Forward Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to the Company and its management. Forward-looking statements are not historical facts but represent managements current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this news release, Clearford will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities law, the Company assumes no obligation to update or revise any forward looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including, but not limited to: industry cyclicality; the ability to secure third party agreements; successful integration of Clearford's system with third party technology; competition; reduction in demand for products; collection from customers; relationships with suppliers; product liability; intellectual property; reliance on key personnel; environmental; interest rates; uninsured and underinsured losses; operating hazards; risks of future legal proceedings; income tax matters; credit facilities; availability and terms of financing; distribution of securities; restrictions on potential growth; effect of market interest rates on price of securities; and potential dilution.
SOURCE: Clearford Industries Inc.For further information:
Clearford Industries Inc.
Phone: (613) 762-8402