TSX Venture Exchange: IBR
VANCOUVER, Dec. 11 /CNW/ - International Bio Recovery Corporation ("IBR") (TSX-V: IBR) is pleased to announce the Board of Directors elected by shareholders at the Company's Annual General Meeting ("AGM") held on December 8, 2009. New directors are Thomas Anderson, Justin Ribbons, David Nairne, and Jim Ellis joining current board members Ben Van Dyk, Theodore Deuel, and Henry Bow.
Mr. Thomas Anderson has over thirty years of executive experience in running a private business group in Ireland; the group has interests in the leisure, entertainment, advertising, forestry and property development sectors. He has focused on risk management, corporate finance and portfolio diversification. He has a degree in Commerce and Economics and a MBA from the University College Dublin. Mr. Anderson is currently Chairman of Circle Oil and an investor in renewable energy in Canada. Mr. Anderson has subscribed for 11 million IBR units under a non-brokered private placement, and following his planned exercise of the associated warrants, he will hold 27% of IBR's outstanding shares. Shareholders at the Company's AGM approved Mr. Anderson as a Control Person.
Mr. Ribbons is Chief Executive Officer of Empire Cinemas in London, England and has over twenty years of executive experience. After gaining his honours degree in law at Manchester University, he worked as European Counsel and Director of a number of divisions for Ingersoll-Rand. As General Counsel and Senior VP Business Affairs for UCI, he played a core role in developing an International cinema circuit for Paramount and Universal Studios before joining Empire Cinemas as Chief Executive Officer.
Mr. Nairne graduated from UBC and practiced Law before concentrating on real estate development in the mid-1980's. Over his career, Mr. Nairne has been involved in the construction of over 5,000 homes, 2 million sq ft of commercial office space, and numerous Master Planned communities in the western United States. Mr. Nairne recently returned to Vancouver to pursue a variety of business interests in finance and development.
Jim Ellis has worked with the Boffo Group of Companies for the last 16 years and is currently Project Development and Marketing Manager for Boffo Construction Group Inc. His ability to visualize results have enabled him to anticipate trouble spots and provide early solutions to potential problems; his attention to detail have made a big difference in the successful and profitable completion of a wide range of projects.
At the meeting of the new Board held on December 9, 2009, Ben Van Dyk was re-elected as Chairman and the board re-appointed Henry Bow as President and CEO and Bob Nowell and CFO and Corporate Secretary.
Located in North Vancouver, BC, IBR is committed to research and development to continue to improve the efficiency of its technology and the quality of Genica branded fertility products. It is further committed to developing a world wide marketing capability to ensure market acceptance of the fertility products.
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SOURCE INTERNATIONAL BIO-RECOVERY CORPORATION
For further information: For further information: Ben Van Dyk, Chairman of the Board, (604) 924-1023 ext 304, (604) 924-1043 fax, email@example.com; Henry J. Bow, President & CEO, (604) 924-1023 ext 309, (604) 924-1043 fax, firstname.lastname@example.org