TORONTO, Oct. 27, 2014 /CNW/ - EnerDynamic Hybrid Technologies Corp. (formerly MCM Capital One Inc.) (TSX-V: EHT) ("EHT" or the "Company") is pleased to announce the appointment of Mr. James Kerr as Chief Financial Officer of EHT. Mr. Kerr is an accomplished CFO with over twenty years of extensive experience in corporate restructuring, mergers and acquisitions, debt consolidation, corporate finance, financial statement prep, audit and more. He has held senior positions with publicly traded companies in alternative energy, exploration and construction. Mr. Kerr is a graduate from the University of Western Ontario with a BA and holds the accounting designation CPA, CMA.
"James has a proven track record in corporate finance bringing valuable accounting and finance experience," commented Mr. Gamble. "He is a key addition to our leadership team and has demonstrated his ability to deal with high growth businesses, making him ideally suited to his role as CFO at EHT."
In addition, the company wishes to announce that it has granted an aggregate of 6,220,000 incentive stock options under its stock option plan to its directors, officers, employees and consultants. The stock options are exercisable for up to 5 years at a price of $0.76 per share exercisable on or before October 27, 2019. Option vesting periods range from 18 months (Directors, employees and consultants) to a maximum of 36 months (Executive Officers). The options vest on an equal quarterly basis over the applicable total period. Included in the aggregate grant are 150,000 options granted to Cutler McCarthy for investor relations services. These options vest over 12 months in equal quarterly installments under the same terms of exercise and expiry as the balance of the newly granted options.
The granting of these stock options is subject to regulatory approval including amendment of the plan to permit stock options to be issued with an expiry of less than 10 years.
The information in this news release includes certain information and statements that constitute forward-looking information. These forward-looking statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may vary materially from those anticipated and indicated by these forward-looking statements. Although EHT believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will provide to be correct. Except as required by law, EHT disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements 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.
About EnerDynamic Hybrid Technologies
EHT delivers proprietary, turn-key energy solutions which are intelligent, bankable and sustainable. Our energy products and solutions can be implemented immediately wherever they are needed. EHT stands above its competitors by combining a full suite of solar PV, wind and battery storage solutions, which can deliver energy 24 hours per day in both small-scale and large-scale format. Through our 90,000 square foot facility in Ontario, Canada and our growing international foot-print we are able to manufacture, distribute and install world leading energy solutions across the globe. EHT excels where no electrical grid exists in addition to traditional support to established electrical networks which is the new era in the renewable industry.
SOURCE: Enerdynamic Hybrid Technologies Corp.
For further information: David Prue, Corporate Communications, 905-401-8303, [email protected]; Wanda Cutler, Media/Investor Relations, 416-303-6460, [email protected]; Rob Fia, Director, 416-867-2353, [email protected]; Company Website: www.ehthybrid.com