IWG Announces Retirement of Director John Lawson

BURNABY, BC, Sept. 30, 2011 /CNW/ - IWG Technologies Inc. today announced the resignation and retirement of Mr John Lawson from its Board of Directors effective 1 October 2011.  He has been a director for nine years with the company, and was Chair for six.

Mr Lawson notes "I leave with the confidence that IWG is in good hands both at the Board level and its management.  The first steps have been taken in our breakout strategy that will produce significant revenue growth and inspire investor interest."

"John was very instrumental in the re-structuring and strengthening of the company to prepare for future growth" stated Chairman of the Board Bruce Gowan. David Fox, IWG's president and CEO adds, "John has been an anchor point for IWG's Board and management.  His industry knowledge and contacts have been invaluable to us, but we recognize that that all boards need to evolve over time.  We wish him well."

IWG Technologies, Inc is the public holding company for International Water-Guard Industries Inc., a Canadian aerospace company focusing on aircraft potable water treatment, water systems, heaters and components. IWG has expertise in all aspects of water treatment, and has the products and know-how to provide high quality water for passengers and crew, and lightweight, space saving solutions for the aircraft operator.

On behalf of the Board of Directors
International Water-Guard Industries Inc.

"David C. Fox"
President and CEO

This news release contains certain forward-looking statements that reflect the current views and/ or expectations of IWG with respect to its performance, business and future events including statements with respect to completion of proposed or future transactions. Such statements are subject to a number of risks, uncertainties and assumptions, which may cause actual results to be materially different from those expressed or implied including the risk that required approvals will not be obtained and that suitable additional businesses may not be identified.  IWG assumes no future obligation to update these forward looking statements except as required by applicable securities laws.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

TSX VENTURE: IWG

SOURCE IWG Technologies Inc.

For further information:

IWG Technologies, Inc. Investor Relations: The Howard Group Inc.
Unit One - 3771 North Fraser Way,   Jeff Walker / Grant Howard
Burnaby, BC V5J 5G5 Canada   Toll Free: 1-888-221-0915
Tel: (604) 255-5555, Fax: (604) 255-5685   Info@howardgroupinc.com
www.iwgtech.com   www.howardgroupinc.com

 

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IWG Technologies Inc.

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