Garmatex Technologies appoints Martin Doane as Chief Executive Officer

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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.
www.garmatex.com

Media Relations
Garmatex Technologies, Inc.
Canada: 604.575.0366
USA: 714.519.3445
media@garmatex.com

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Garmatex Technologies, Inc

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