CALGARY, Sept. 23 /CNW/ - Kenneth M. Bagan, President and Chief Executive
Officer, reports that Enerchem International Inc. has relocated its finance
and accounting office from Leduc, Alberta to Calgary. This move consolidates
the executive offices of the Company in Calgary, the offices having previously
been divided between the two cities. The move has precipitated the departure
of the Leduc financial staff all of whom, including the Chief Financial
Officer, Mr. Brian Zubach, have elected to maintain their residences in the
Edmonton area. All staff, including Mr. Zubach, will remain with the Company
until the end of October, 2008 to assist the new staff through a 30 day
transition period in Calgary.
Concurrent with this change, the Company is pleased to announce that Mr.
Timothy Lemke, of Calgary, Alberta, will join the Company as the Chief
Financial Officer effective September 29, 2008. Mr. Lemke is a Chartered
Accountant who received his designation in 1988 while with the firm of
Deloitte & Touche. Tim has spent the intervening years in various senior
financial positions with both public and private companies, having recently
developed significant experience with the soon to be adopted International
Financial Reporting Standards. Mr. Bagan, commenting on the appointment,
stated, "we feel very fortunate to have attracted a person of Tim's quality in
an environment where professional staff are in such high demand".
Certain statements contained in this press release, including statements
which may contain words such as "could", "should", "expect", "anticipate",
"believe", "will", and similar expressions and statements relating to matters
that are not historical facts are forward looking statements. Such forward
looking statements involve known and unknown risks and uncertainties which may
cause the actual results, performances or achievements of Enerchem to be
materially different from any future results, performances or achievements
expressed or implied by such forward looking statements. Such factors include,
but are not limited to, fluctuations in oil and gas activity levels, political
and economic conditions, the demand for services provided by Enerchem,
Enerchem's ability to attract and retain key personnel and other factors.
Enerchem International Inc. is a manufacturer and distributor of
hydrocarbon drilling and fracturing fluids designed to provide cost effective
solutions to the upstream oil and gas industry and specialty solvents to help
resolve production and processing problems to the downstream producers. The
Company also provides energy marketing services and, through its wholly-owned
subsidiary company, Millard Trucking Ltd., provides fluid transportation and
other related oilfield services. The Company's common shares trade on the
Toronto Stock Exchange under the symbol "ECH".
Additional information on Enerchem International Inc., may be viewed at
our website at: www.enerchem.com or by visiting www.sedar.com
THE TSX HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED
Enerchem International Inc.
Per: Signed "Kenneth Bagan"
President and CEO
For further information:
For further information: Mr. Kenneth Bagan, President and CEO,
Telephone: (403) 269-1500, Fax. (403) 269-1559, E-mail email@example.com; or
Mr. Brian Zubach, Chief Financial Officer, Telephone: (780) 980-1682, Fax.
(780) 980-2610, E-mail firstname.lastname@example.org