MONTREAL, Dec. 2 /CNW Telbec/ - GIE Environment Technologies Ltd. ("GIE") (TSXV-GIE) is pleased to announce the nomination of Mr. Richard Joly, W. Robert Laurier and Daniel Révah as directors of GIE. They join the following individuals who make up the rest of GIE's Board: Charles Abikhzer and Raphael Benhamou. Mr. Joly and Laurier replace Mr. Claude Guedj and Mr. Marian Kellerman who have tendered their resignation.
GIE also wishes to announce options grants totaling 1,690,000 options pursuant to its stock option plan to directors, officers and employees of GIE, including 1,500,000 granted to current directors of GIE. Each option is exercisable into one common share of GIE at a price of $0.05 for a period of 24 months from grant. The date of grant of the options is November 18, 2009. Common shares issued pursuant to the exercise of the options are subject to a four (4) month plus one (1) day hold period.
ABOUT GIE TECHNOLOGIES
GIE Environment Technologies Ltd. is a Montreal based company specialized in the treatment of petroleum and other organic soil and water contaminants. GIE's proprietary technology, known as "bioremediation", utilizes living organisms to remove pollutants from soil and water with minimal disturbance to the environment. This eco-friendly and cost effect decontamination process has been utilized by large and small companies and municipalities in Canada.
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SOURCE GIE ENVIRONMENT TECHNOLOGIES LTD.
For further information: For further information: Charles Abikhzer, President and CEO, (514) 284-6085, Facsimile: (514) 284-5229, cabikhzer(@)gieinc.com; Moses Bendayan, CFA, Investor Relations Director, moses(@)intelhub.com; www.IntelHub.com