Brings senior management experience in energy services and health
OTTAWA, June 15 /CNW Telbec/ - Thermal Energy International Inc.
(TSX-V:TMG) (www.thermalenergy.com) is pleased to announce that Anthony J.
Pugliese has joined the Company as Vice President, Sales.
Mr. Pugliese comes to Thermal Energy from Direct Energy Business
Services, where he was Manager, Business Development, Health Care Sector,
responsible for leading development and implementation of market strategies in
Canadian healthcare and public sector markets. Prior to Direct Energy,
Mr. Pugliese was Account Manager, Healthcare Solutions with Johnson Controls,
Inc., in eastern Canada, and was recognized for his efforts with membership in
JCI's Master's Club and Club D'Excellence. From 1990 to 1999, Mr. Pugliese
worked in the financial services sector with Citigroup and Zurich U.S. in
"I am pleased to welcome Anthony to the Thermal Energy team where I am
confident his leadership and sales acumen will go a long way to enhance our
sales productivity and converting our multi-million dollar pipeline of
opportunities into contracts," said Thermal Energy President and CEO
Tim Angus. "We will also benefit tremendously from having a full-time sales
executive working with our growing team of sales representatives and
Thermal Energy has concluded a private placement with Mr. Pugliese for
gross proceeds of $52,500, comprising 150,000 flow through shares of Thermal
Energy common stock at a deemed price of $0.35 per share. The Company is also
granting him a total of 300,000 stock options to purchase Thermal Energy stock
at a deemed price of $0.35 per share, exercisable up to three years from the
date of grant. The private placement and all options to be issued are subject
to approval by the TSX Venture Exchange and the standard regulatory hold
periods from the date of grant as required by Exchange.
Stock options are an important incentive component both for retaining
current personnel and associates at Thermal Energy and for securing new
individuals and consultants in a cost-effective manner, whose talents and
specialties accelerate the growth of the Company
About Thermal Energy
Thermal Energy International Inc. is an innovative technology company
providing custom energy and emission reduction, and bioenergy solutions.
Headquartered in Ottawa, Canada, TEI is a designer, design build developer,
fabricator, and supplier of proprietary and patented energy conservation,
renewable energy and environmental technology solutions. Thermal Energy is a
fully accredited professional engineering firm, and offers advanced process
and applications engineering services. The Company is a proud member of the
Chicago Climate Exchange (CCX). FLU-ACE(R), Dry-Rex(TM), THERMALONOx(TM) and
THERMALOZOMAx(TM) are trademarks of Thermal Energy International. GEM(R) is a
trademark used under exclusive license from Gardner Energy Management Ltd.
For more information about Thermal Energy International Inc.
(TSX-V: TMG), visit our website at www.thermalenergy.com.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: Stuart McCarthy, Thermal Energy International
Inc., Investor Relations and Communications, (613) 723-6776 x 220,