CALGARY, July 22 /CNW/ - WellPoint Systems Inc., ("WellPoint" or the
"Company") (TSX-V:WPS) today announced that Messrs. Mickey S. Abougoush,
J. Benton (Ben) Mayberry, and Donald W. Wilson were newly elected to the
Company's board of directors at its Annual Meeting of Shareholders. The new
directors join re-elected incumbents Ms. Wanda M. Dorosz and
Messrs. P. Michael Maher, Charles V. Selby, and A. Frank Stanford. Mr. David
Duckett elected not to stand for re-election. In addition, Mr. Maher has
stepped down as Chairman, although he remains a director of the Company, and
Mr. Selby will assume the role of Chairman of the Board. Following the
meeting, Mr. Randall J. Findlay was invited to join the board.
"WellPoint has significantly strengthened its Board, adding new directors
with substantial energy industry expertise," said Mr. Frank Stanford, Chief
Executive Office of WellPoint. "We believe they will play a critical role in
shaping the Company's strategic direction going forward."
Mr. Abougoush is a professional engineer with more than 38 years of
experience in the petroleum industry, largely in technical and executive
positions. Since 1992, Mr. Abougoush has been the President of Teknica
Overseas Ltd., an international consulting and software development company.
Mr. Mayberry has been Chief Executive Officer of Winston Sage Partners
since 2002, a mergers and acquisitions consulting business that provides
advice on the buy and sell side, growth strategies and interim management
Mr. Wilson has been Senior Vice President & Chief Financial Officer of
Stantec Inc., a provider of various professional design and consulting
services for the infrastructure and facilities sector, since 1994.
Mr. Findlay was President of Provident Energy Trust from March 2001 until
June 30, 2006. Prior thereto, he was Executive Vice President and Chief
Operating Officer of Founders Energy Ltd., from December 1999 to March 2001.
Previously, he was Senior Vice President of TransCanada Pipelines Ltd.
About WellPoint Systems Inc.
WellPoint Systems provides premier software and related services for
managing critical operations within the energy industry. Aligning tightly with
Microsoft Corporation, WellPoint is the only Independent Software Vendor (ISV)
and Microsoft Dynamics partner dedicated to the energy sector. It is breaking
new ground with the creation of a more comprehensive, integrated energy
software suite based on existing Microsoft ERP technology that utilizes
state-of-the-art Dynamics AX(R) and .NET architectures. WellPoint became a
Microsoft Gold Certified Partner in 2005. Founded in 1997, Calgary-based
WellPoint Systems also has major operations in Houston, TX, Denver, CO,
Bogota, Colombia and London, England. WellPoint is publicly traded on the TSX
Venture Exchange under the symbol WPS.
This document contains forward-looking statements. Some forward looking
statements may be identified by words like "expects", "anticipates", "plans",
"intends", "indicates" or similar expressions. The statements are not a
guarantee of future performance and are inherently subject to risks and
uncertainties. The Company's actual results could differ materially from those
currently anticipated due to a number of factors, including, but not limited
to, successful integration of structural changes, including restructuring
plans, acquisitions, technical or manufacturing or distribution issues, the
competitive environment for the Company's products, the degree of market
penetration of the Company's products, and other factors set forth in reports
and other documents filed by the Company with Canadian securities regulatory
authorities from time to time.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: WellPoint Systems Inc., Frank Stanford, Chief
Executive Officer, (403) 538-3604, firstname.lastname@example.org,
www.wellpointsystems.com; The Equicom Group Inc., Nick Hurst, Investor
Relations, (403) 538-4845, email@example.com, www.equicomgroup.com