/NOT FOR DISTRIBUTION IN THE UNITED STATES OR DISSEMINATION TO U.S. NEWS WIRE SERVICES/
EDMONTON, Jan. 25, 2012 /CNW/ - ESTec Systems Corp. ("ESTec" or the "Company") (TSXV: ESE) is pleased to announce the appointment of Mark Bamford as Chief Financial Officer, replacing Mrs. Margaret Nelson effective February 1st, 2012.
As the newest member of ESTec's Executive Committee, Mr. Bamford brings over 10 years of experience as a seasoned financial executive of multi-million dollar organizations providing financial, accounting and risk management expertise to the team. From 2001 to 2010, he led financial operations at Edmonton Northlands, a community owned organization with revenues exceeding $130 million where he was involved in areas including accounting, IT, risk and security. He currently holds the designations of Certified Management Accountant, Canadian Risk Manager and is continuing his professional development in Lean Six Sigma.
Mr. Anthony Nelson, President, states: "Mark Bamford is a welcome addition to the team and I am looking forward to working with him. His extensive background in financial leadership, with a successful track record for streamlining financial operations, will be of great value to ESTec and its shareholders."
On behalf of the board,
Anthony B. Nelson
About ESTec: ESTec through its wholly owned subsidiary, Allan R. Nelson Engineering (1997) Inc., provides specialized forensic and design engineering services including design, repair, modification, and construction consultation for a diverse client base, primarily in the mining, manufacturing, petrochemical and drilling industries of Canada, the United States, Central America, South America, and Australia. Through its wholly owned US subsidiary, Encore Electronics Inc., ESTec has evolved into a specialized electronics manufacturer serving a wide range of technology based industries.
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.
For further information:
Anthony B. Nelson
For further information regarding the Company see its website at www.estec.com