IWG Announces Corporate Growth Initiative

BURNABY, BC, March 7, 2016 /CNW/ - IWG Technologies Inc. (IWG-TSXV) announces the appointment of Darryl Jacobs as the parent company's Executive Vice President, and the appointment of Steven Bis as Senior Vice President and General Manager for the wholly-owned subsidiary, International Water-Guard Industries Inc. (IWG-I).

Darryl has been instrumental in the success of the Company's subsidiary since taking on the role of its President in January 2014. He will now be responsible for planning the strategic growth of the entire operation as Executive Vice President of the parent company. Over the past two years, revenues increased by 44% and profits by 36%.

"This initiative will have Darryl focused extensively on new growth opportunities for both of our businesses, and Steven will lead the IWG-I team to continue the momentum of excellent results produced by IWG-I over the past 5 years" says Bruce MacCoubrey, President of IWG Technologies Inc.

Taking the helm of IWG-I, Steven Bis advances from his role of Director of Operations to Senior VP and GM and will be responsible for all aspects of the subsidiary. 

Steven, who joined IWG-I in 2014, has a deep understanding of customer needs and a proven track record of building powerful teams with a culture of teamwork, accountability and profitability. He has extensive experience in company operations, program & supply chain management, and leading production teams within the Aerospace Industry. Steven has held leadership roles both in large OEMs and at Tier 1 suppliers over the past 18 years.

"The Board of Directors and I are pleased that Mr. Jacobs has agreed to use his experience and knowledge of the Aviation Industry and of growing businesses to develop and implement a long term growth strategy. As well, we are excited that Mr. Bis has accepted leadership of the IWG-I team to support that growth for the future" says Bruce Gowan, Chairman of IWG Technologies Inc.

IWG Technologies Inc. is the public holding company for International Water-Guard Industries Inc., a Canadian aerospace company focused on aircraft potable water treatment, water systems, water heaters and components. IWG has expertise in all aspects of water treatment, 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

Bruce Gowan
Chairman of the Board

NEITHER THE 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.

TSX VENTURE: IWG

SOURCE IWG Technologies Inc.

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

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