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VANCOUVER, May 14, 2013 /CNW/ - Garmatex Technologies, Inc., a leading
developer and supplier of scientifically-engineered performance fabrics
and apparel technologies, announces the appointment of Mr. Martin J.
Doane as Chief Executive Officer and Member of the Board of Directors.
Mr. Doane joins Garmatex with over 25 years' experience as an
entrepreneur and senior business executive. As Founder and Chairman of
Ubequity Capital Partners, he has been an established leader in the
corporate finance, law, M&A, financial services and private equity
fields and was awarded the Queen's Golden Jubilee Medal for his
contribution to the Canadian justice system. In one of his most recent
endeavors he served as the Founder, CEO and Chairman of Adenyo, an
international, enterprise-focused mobile solutions provider,
culminating in a $100M sale of the company.
"We welcome Martin's experience and leadership to the Garmatex team,"
said Executive Chairman, Keith Gracey. "He carries a unique pedigree in
that he is very entrepreneurial by nature and is adept at operating
within well-established environments. His results-oriented approach and
ability to think strategically will play a pivotal role in extending
our track record of bringing innovation to the marketplace. "
Concurrent with Doane's appointment, Ubequity Capital Partners will be
spearheading a capital raise of $15 million to accelerate the company's
growth and is committing its own capital to the pool in advance of a
planned initial public offering in 2014.
"I am thrilled to join the Garmatex team" said Doane. "The company
operates from a very unique technology platform that is capable of
evolving and expanding quickly to serve an enormous global market. As a
result, I anticipate robust uptake across many industry sectors and
look forward to steering the company through its next stage of growth.
"With the addition of Martin," said Gracey, "the executive leadership
team is poised to accelerate the company's growth trajectory while
continuing to deliver innovation for Garmatex's products and services
as the company pursues new market opportunities."
About Garmatex Technologies, Inc.
Garmatex's performance technologies and fabrics: Kottinu™, T3®, Bact-Out®, Coolskin®, Warmskin®, Coldskin™, Steelskin™, Satinu™, Slimskin™, Camoskin™ and
Recoveryskin™ have proven to be superior to any like products
available in the market for comfort, fit and performance and are
engineered using our proprietary "Moisture System Transference" (MST)
process which provides unrivaled moisture management control.
Garmatex's ground-breaking Kottinu™ fabric, with its amazing
"cotton-like" comfort and feel, delivers unparalleled performance in
moisture management, lasts 6 times longer than cotton, maintains color
sharpness with minimal fade and is a viable alternative to cotton in
any application where the inferior attributes of cotton have been
considered "the standard". Our patented T3® triple-gusset shirt construction, which allows complete 360 degree
mobility of the shoulder without restriction or shirt binding, is the
first garment construction design patent granted in decades.
Forward-Looking Statement Disclaimer
Statements contained in the Press Release that are not historical facts
are forward-looking statements, which are subject to a number of known
and unknown risks, uncertainness and other factors that may cause the
actual results to differ materially from those anticipated in our
forward looking statements. Although we believe that the expectations
in our forward looking statements are reasonable, actual results may
vary, and we cannot guarantee future results, levels of activity,
performance or achievements.
Image with caption: "Garmatex performance inspired technologies (CNW Group/Garmatex Technologies, Inc)". Image available at: http://photos.newswire.ca/images/download/20130514_C6563_PHOTO_EN_26659.jpg
SOURCE: Garmatex Technologies, Inc
For further information:
Garmatex Technologies, Inc.
Garmatex Technologies, Inc.