CALGARY, Jan. 13 /CNW/ - WellPoint Systems Inc., ("WellPoint" or the
"Company") (TSX-V:WPS), a leading provider of software and related
solutions to the energy industry, today announced the election of
Messrs. Michael Goffin and David Sefton to the Board of Directors of
the Corporation at its Annual and Special Meeting of the Shareholders
held in Calgary on December 16, 2010.
"I am pleased to have individuals with David's and Michael's experience
join WellPoint's board of directors," said Mr. Richard Slack, President
and CEO of WellPoint Systems. "Both bring significant expertise in the
investment and funding arena to WellPoint and I am sure they will be
able to begin making a meaningful contribution to WellPoint's business
ventures and strategic direction in the near term. I would also like
to thank two long time Board members who recently stepped down from
WellPoint's board - Mr. Michael Maher and Ms. Wanda Dorosz - for their
many years of service to WellPoint."
Mr. Sefton is a partner of Arch Capital Partners LLP, and has more than
12 years of experience in advising on, executing and implementing
cross-border investments throughout Europe. David commenced his career
at Cleary, Gottlieb, Steen & Hamilton, where he was a senior associate
based in the London and New York offices, and then as chief legal
officer at Lukoil Financial Services Ltd. David has extensive
experience of transactions across the whole of Europe, including
Eastern Europe and Russia, and the Middle East, and has particular
expertise in the Oil and Gas, Financial, Telecommunications and
Technology sectors and their related services. David holds BA (Hons),
MA (Hons) and BCL degrees from Oxford University, is qualified as a
lawyer and is an approved person in Investment Management by the United
Kingdom's Financial Services Authority (FSA).
Mr. Goffin is a partner of Arch Capital Partners LLP, a member of Sefton
Partners LLP. He has more than 15 years of investment management,
accounting and corporate financial experience. Prior to joining Arch
Capital Partners he was a partner with the Quorum Funding Corporation
and before that held financial positions in the services industry and
manufacturing sector. Michael has served on the boards of several
companies and funds including both privately held and publicly listed
companies. He graduated from the University of Toronto with a BA
degree in economics and environmental management in 1994, holds a
certified general accountant professional designation and is approved
to perform controlled functions by the FSA.
In addition, the following board members were re-elected to the Board of
Directors at the Company's annual shareholder meeting:
About WellPoint Systems Inc.
WellPoint provides premier software and related services for managing
critical operations within the energy industry. As a Microsoft Gold
Certified Partner since 2005, 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®
and .NET architectures. WellPoint also provides software and services
under the BOLO, IDEAS International and AX EAM brands.
Founded in 1997, Calgary-based WellPoint Systems also has major
operations in Denver, CO, Houston, TX, Livingston, NJ, Tampa, FL,
Tunis, Tunisia and Pretoria, South Africa. 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.
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.
SOURCE WellPoint Systems Inc.
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