MONTREAL, Feb. 6 /CNW Telbec/ - Montec Holdings Inc. (TSX-V: MTE)
("Montec"), a company focused on acquiring and developing a diversified
portfolio of high-growth technology companies, today announced changes in its
Board of Directors. Montec's saw fit to operate these key changes to reflect
the Company's new operational standpoint, having just acquired the remaining
49% of its subsidiary Datex Billing Services Inc. Montec intends to further
engage its business plan in the next financial phase to ensure its growth.
These key appointments of independents were important to efficiently meet this
As of January 31, 2009, Montec's Board of Directors has appointed Mr.
Russell Flewelling, Mr. Marvin Garellek, and Mr. Oren Vered as Directors.
Mr. Flewelling is an information technology professional with over twenty
five years experience in Telecommunications, Software Engineering and Systems
Integration, specializing in the Telecommunications industry, with executive,
line and management experience. He has the proven ability to build teams from
the ground up, to create highly successful relationships, and to deliver
quality results. Mr. Flewelling is experienced in delivering complex solutions
to customers across a broad range of enterprises and communication service
providers. He is a graduate of Georgian College of applied Engineering and
Technology in Electronics Engineering Technology.
Mr. Garellek is currently the Vice President of Sales and Operations at
Groupe Acces Communications Inc. where he is responsible for building the
company's sales and marketing strategy as well as operational process. He has
excellent knowledge of Sales & Marketing, Telecommunications
(Wireline/Wireless), and Technology solutions. Mr. Garellek holds a Bachelor
of Commerce from Concordia University. He serves on the Grants & Loans
Committee of Youth Employment Services and is a seminar leader for Youth
Employment Services as well as BizLaunch.ca
Mr. Vered is presently the President and founder of SIMphoneE, a provider
of global roaming cellular services. He is a business developer with extensive
experience leading and operating fast growth in competitive environments. Mr.
Vered's expertise is in creating and reconstructing business divisions using
cutting-edge strategic planning and business development programs. He is a
graduate of Tel Aviv University with a Masters in Business Administration
(Finance and International Management) and a Bachelor of Science in Industrial
The Board has accepted Dr. Rosemonde Mandeville's resignation as Director
of the Corporation and as Chairwoman of the Audit Committee, as of January 30,
2009, as well as the resignation of Mr. Ed Leavens as Director of the
Corporation, as of January 31, 2009. Montec Holdings is sincerely grateful for
the contributions and services they have rendered to the Company.
Mr. Marvin Garellek has been appointed Chairman of the Audit Committee.
About Montec Holdings Inc.
Montec's (TSX-V: MTE) objective is to create shareholder value by
building a profitable technology entity with high- growth potential.
Structured as a holding company, Montec's mandate is to acquire synergistic,
profitable companies in the technology sector to maximize efficiencies and
shareholder value. For more information about Montec Holdings Inc., please
visit our website at www.montecholdings.com
Forward Looking Statements
This press release contains forward-looking statements which reflect the
Company's current expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual results could differ
materially from those projected herein. The Company disclaims any obligation
to update these forward-looking statements.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Myer Bentob, Chairman & CEO, Montec Holdings
Inc., (514) 630-7262, firstname.lastname@example.org