MANASSAS, VA, June 17 /CNW/ - Catch the Wind Ltd. (TSX-V: CTW.S) today announced that Mr. Richard McGraw did not stand for re-election to the board of directors at the Company's recent annual meeting of shareholders and has resigned, effective June 16, 2010, as a director of the Company and from each committee of the board. Going forward, Mr. McGraw will continue to work with the Company in an advisory capacity.
"We sincerely thank Rick for his valuable guidance and counsel during our initial years as a publicly traded company," said Phil Rogers, President and CEO of Catch the Wind. "We look forward to his continued contribution to the Company as an advisor, as we solidify the foundation for accelerated growth through the commercialization of our laser wind-sensing technology."
About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered in Manassas, Virginia. The company was founded in 2008 to develop and manufacture the Vindicator(R) laser wind sensor.
Catch the Wind serves the commercial market sector for laser based wind sensor systems, recognized as the "gold standard" in wind measurement. The company is focused on becoming a major contributor in making clean, renewable wind energy more affordable and profitable. For more information, visit www.catchthewindinc.com and follow us at www.twitter.com/Catchthewindinc
This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release, include, but are not limited to, economic performance and future plans and objectives of Catch the Wind. Any number of important factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Catch the Wind believes that the assumptions and factors used in making the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed timeframes or at all. Catch the Wind disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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 BlueScout Technologies, Inc.
For further information: For further information: Contacts: Catch the Wind Ltd., Claudia Jaques, Vice President and General Counsel, 703-393-0754, firstname.lastname@example.org; The Equicom Group, Joe Racanelli, Investor Relations, 416-815-0700 ext. 243, email@example.com