TSX Venture Exchange Symbol: SNV
VANCOUVER, June 9 /CNW/ - SONIC Technology Solutions Inc. ("SONIC" or
"the Company") is pleased to announce today the appointment of Richard
Wadsworth to the Board of Directors.
Mr. Wadsworth was a co-founder, President and COO of Bankers Petroleum
Ltd., an oil and gas exploration, development and production company listed on
the TSX & AIM, from its inception in 2004 until August 2008. During this
period he led Bankers Petroleum Ltd. in the growth of its heavy oilfield in
Albania to 6,000 barrels of oil per day and 150 million barrels of proven plus
Mr. Wadsworth previously led and managed a joint venture for the initial
exploitation of the same oilfield in Albania on behalf of Premier Oil Plc and
its three International E&P partners. Prior to this Mr. Wadsworth held various
roles with Koch Petroleum Canada for over 9 years, including Profit Center
Leader for the Soars Lake oilfield near the Elizabeth Metis Settlement where
he led the development from 500 to 6,000 barrels oil per day within a two year
period. Mr. Wadsworth holds a Chemical Engineering degree from the University
of Calgary, and is a registered Professional Engineer with APEGGA.
Mr. Wadsworth is currently a Managing Director of a private oil and gas
corporation in Calgary which is focused on the acquisition/consolidation of
oil and gas companies/assets with a focus on applying technology to
unconventional oil reservoirs. Mr. Wadsworth is also a Board Director for
Gallic Energy Ltd, an oil gas company with international assets.
"We are extremely pleased to have Richard join our team in this role."
said Adam Sumel, CEO. "As the Company commences operations in the oil sector
Richard will bring invaluable insight from his career in the development of
domestic and international heavy oil assets. We look forward to Richard's
active assistance in building relations, strategies and operational execution.
His success, passion and knowledge of this business will complement our
management team. In particular his interest and experience in the role of
enhanced oil recovery and process technologies like PetroSonic will be
extremely valuable as we chart the continued evolution of the Company around
our PetroSonic upgrading process and its commercial development."
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Statements in
this release that are forward-looking statements are subject to various risks
and uncertainties concerning the specific factors disclosed under the heading
"Risk Factors" and elsewhere in the Company's periodic filings with Canadian
securities regulators. Such information contained herein represents
management's best judgment as of the date hereof based on information
currently available. The Company does not assume the obligation to update any
For further information:
For further information: please contact Adam Ranjit Sumel, Chief
Executive Officer, at: (604) 736-2552, Email: info@SONICTSI.com or