Seprotech Systems Incorporated
OTTAWA, Nov. 8, 2011 /CNW/ - Jordan Grant, Chairman of Ottawa-based
Seprotech Systems Inc. ((TSX-V: SET; "Seprotech" or the "Company")
announced today the appointment of Harry J. Marshall as the CEO,
adding: "this is the next step in the Company's turnaround plan
adopted when I became CEO in January. I am pleased to be able to pass
the torch on to Harry, whose blend of experience and personal qualities
makes him the ideal person to lead the Company into its growth phase.
We are thrilled that he has accepted the position."
Mr. Marshall brings an extensive and varied background to the Company,
with more than 36 years in the wastewater and water treatment
industry. His career includes leadership positions with several water
and wastewater companies including President and Chair of AER-O-FLO
Environmental Inc., a division of a Nasdaq listed public company, and
his most recent position as President, WESA TECHNOLOGIES Inc., an
Ottawa-based company with an impressive design / build industrial waste
water portfolio. He also served as a Vice President for ZENON
Environmental. Mr. Grant noted that Mr. Marshall's knowledge of the
water industry will allow Seprotech to focus its efforts over the
coming months and years, offering appropriate, effective and cost
efficient solutions to not only its existing clients, but also to a
growing and diverse base of new clients.
"This is a very exciting time for Seprotech. We have an exceptional
opportunity here to build a strong and dynamic company in an important
and growing sector," Mr. Marshall stated. "The company has already
begun to expand its capabilities in engineering and service. I am
looking forward to working with senior management and staff to build on
the early rewards of these efforts that are reflected in significant
new contracts in our existing markets, while expanding into new
industries and sectors. I am very excited by both the challenge and the
tremendous potential we all see ahead."
Mr. Marshall will be part-time until the end of the year as he winds
down his current obligations at WESA Tech, becoming a full-time
employee January 1. Mr. Grant concurrently resigned as interim CEO and
will retain his position of Board Chair.
Seprotech is a provider of pre-engineered water and wastewater treatment
solutions to the municipal/land development, resource sector and
military market place, including Reverse Osmosis water purification
systems, ROTORDISK® biological sewage treatment package plants and
CrystalBlue™ membrane-based water recycling systems.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein. Some of the statements in this press
release, including those relating to the Corporation's strategies and
other statements, the private placement financing activities of the
Corporation, the use of proceeds of the private placement financing,
that are predictive in nature, that depend upon or refer to future
events or conditions, or that include words such as "expects",
"anticipates", "intends", "plans", "believes", "estimates" or similar
expressions, are forward-looking statements within the meaning of
securities laws. Forward-looking statements include, without
limitation, the information concerning possible or assumed future
results of operations of the Corporation. These statements are not
historical facts but instead represent only the Corporation's
expectations, estimates and projections regarding future events. The
Corporation does not undertake any obligation to update or release any
revisions to these forward-looking statements to reflect events or
circumstances after the date of this presentation or to reflect the
occurrence of unanticipated events, except as required by law.
SOURCE Seprotech Systems Incorporated
For further information:
Mr. Ian W. Malone, CFO
Tel: (613) 523-1641
Fax: (613) 731-08515