OTTAWA, Aug. 24, 2016 /CNW/ - BluMetric Environmental Inc. (TSXV: BLM) is pleased to welcome Mr. Matt Heffernan, proven business leader and growth-oriented executive, to its Board of Directors.
Currently president and CEO of Zedi Inc., a Calgary-based production operations management company, Mr. Heffernan has been able to increase sales more than 500 percent over 10 years while making the company a significant international player, a process which required transformative changes to the 21-year-old company. His approach recently resulted in the company being named one of the Globe and Mail's "Top 75 Great Places to Work in Canada". Prior to this, Mr. Heffernan held executive positions in telecommunications, satellite imaging, and engineering consulting where he was involved with mergers and acquisitions, and subsequently was able to turn faltering business units into high-growth, high-profit operations. With his experience in identifying, negotiating, and absorbing acquisitions, his public- and private-company board appointments, and his track record in product development, Mr. Heffernan will add substantial expertise to the BluMetric Board.
"Matt's career has been based on finding the best ways to help companies grow in international markets," said Murray Malley, BluMetric's Board Chair. "He flourishes in a fast-paced environment, and has demonstrated the ability to drive expansion and change. We are very happy that he has been willing to join BluMetric's Board."
"As our organization evolves, it must continually change and adapt," said Roger Woeller, CEO of BluMetric. "Matt comes to us with a strong record of private and public company experience as a director, executive, and investor in similar business settings to ours. This experience in both supply and delivery of systems and solutions and professional engineering and design services will serve BluMetric well."
In conjunction with Mr. Heffernan's appointment to the Board, he was granted options for 60,000 shares. The options vest over three years, and are exercisable into common shares of BluMetric at a price of $0.206 per share for a period of five years.
Mr. Heffernan's appointment is subject to TSX-V approval.
About BluMetric Environmental Inc.
BluMetric Environmental Inc. is a publicly traded cleantech company with a portfolio of industry-leading engineering services and proprietary equipment providing sustainable solutions to environmental challenges. Headquartered in Ottawa, Ontario, BluMetric's award-winning team of industry experts serves clients in Canada, the United States, and Central America.
Some of the statements in this press release, including those relating to strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, are forward-looking statements within the meaning of securities laws. Forward-looking statements include, without limitation, the information concerning possible or assumed future results of operations of the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates, and projections regarding future events. The Company does not undertake any obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this presentation or to reflect the occurrence of unanticipated events, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE BluMetric Environmental Inc.
For further information: For more information, visit www.BluMetric.ca, or please contact: Roger Woeller, CEO, BluMetric Environmental Inc., Tel: 613.839.3053 x 242, Email: email@example.com; Robin M. Sundstrom, IRonside Investor Relations, Tel: 647.822.8111, Email: firstname.lastname@example.org