LAVAL, QC, Jan. 19 /CNW Telbec/ - 20-20 Technologies Inc. (TSX:TWT)
("20-20" or the "Company") announced today that following the recent
completion of an in-depth review of the skills and experience required
for its Board going forward, the Board of Directors of the Company has
selected two candidates for inclusion as nominees in the Company's
Management Information Circular for its upcoming Annual and Special
Meeting of Shareholders on March 15, 2011, in replacement of two
As part of the mandate granted by the Board to the Human Resources and
Governance Committee, the composition of the Board has been analyzed
and adapted to better support the Company's new strategic plan. The
Board believes that the two nominees, with their extensive software
expertise as well as solid financial backgrounds, will complement the
mix of skills and expertise currently found on the Company's Board.
The first of these candidates, Mr. Philip Deck, is Executive Chairman
and Chairman of the Board of MKS Inc., a leading Canadian enterprise
software company listed on the Toronto Stock Exchange. Mr. Deck served
as CEO of MKS from 2001 to 2009, during which time the company became
the fastest growing competitor in the application lifecycle management
(ALM) market as it transformed itself from a desktop tools provider
into an enterprise software vendor to the Global 1000. MKS's focused
product strategy, growth and profitability has positioned it to become
the global leader in the ALM market. Prior to joining MKS, Mr. Deck was
Chairman and/or CEO of Certicom Corp from 1993 to 1999 where he
established the company as one of the worldwide leaders in
cryptographic technology. Prior to his tenure at Certicom, Mr. Deck was
engaged in merchant banking and venture capital.
Mr. Deck is also a Director of the Bank of Canada, the C.D. Howe
Institute and the Canadian Opera Company. Mr. Deck holds an
undergraduate degree in Economics from Queen's University.
In addition, the Board is also pleased to propose the nomination of Mr.
Lucas Skoczkowski, Chief Executive Officer of Redknee Inc., a global
provider of innovative communication software products, solutions and
services listed on the Toronto Stock Exchange. As Redknee's founder,
Mr. Skoczkowski has been directing the execution of Redknee's business
activities and corporate operations since 1999. In his years at
Redknee, he has led the development of the company's product portfolio
and a global organization of exceptional talent resulting in continuous
growth and a strong recurring revenue stream. Prior to Redknee, Mr.
Skoczkowski gained considerable experience in sales, operations,
business and product development with a variety of international
companies including Nortel Networks (USA, UK, Canada) and Clearnet
Mr. Skoczkowski has been honoured with the Ernst & Young Entrepreneur of
the Year Award in the Information Technology sector for Ontario as well
as a Top 40 Under 40 Award for Canada. Mr. Skoczkowski has a Bachelor
of Science in Electrical Engineering from the University of Waterloo,
where he was a Loran scholar.
"Our Board and management are pleased by the additional value and
expertise that would come from the addition of Mr. Deck and Mr.
Skoczkowski as independent Directors on the Company's Board," said
Jocelyn Proteau, Vice-Chairman of the Board and Lead Director.
"The invaluable insights provided by these industry leaders would
greatly benefit the implementation of the Company's strategic plan and
growth initiatives which should increase value for all our
shareholders," added Jean Mignault, Executive Chairman of the Board and
Chief of Strategic Direction.
About 20-20 Technologies Inc.
20-20 Technologies is the world's leading provider of computer-aided
design, business and manufacturing software tailored for the interior
design and furniture industries. Dealers and retailers use our desktop
and Web-based products and solutions for the home and office markets.
20-20 offers a unique end-to-end solution, integrating the entire
breadth of functions in interior design. It provides a bridge for data
communication from the point-of-sale to manufacturing, including
computer-aided engineering and plant floor automation software.
Operating in eleven countries with more than 500 employees and an
extensive network of partners worldwide, 20-20 is a publicly traded
company (TWT) on the Toronto Stock Exchange (TSX). For more
information, visit www.2020technologies.com.
SOURCE 20-20 TECHNOLOGIES INC.
For further information: