Trading symbol: CST
Outstanding shares: 50,261,136
QUEBEC CITY, Oct. 21 /CNW Telbec/ - CO2 Solution Inc. is proud to
announce the appointment of Mr. Evan Price, President and CEO of
SiM Composites, to the position of board director, effective October 14, 2008.
A renowned philanthropist, Mr. Price is also co-founder and Chairman of
the Board of Directors of Entreprises de la Batterie, the parent company of
Auberge Saint-Antoine, which was rated Canada's top hotel in 2007 by the
magazine Condé Nast and among the top 100 in the world by Travel + Leisure.
"With his extensive experience and entrepreneurial know-how, Mr. Price
will be a valuable asset for our company. I am certain that his dynamism will
bring an interesting vision to our business", stated Réjean Blais, Chairman of
the CO2 Solution Board of Directors.
Evan Price's track record speaks for itself. In addition to previously
working as General Manager at Auberge Saint-Antoine, he has also occupied
positions as Interim President and CEO of Calgary-based Lyryx Learning and
President and CEO of Domosys Corporation. Mr. Price has acted as a consultant
for a number of companies in the United States, Singapore, and Norway. Since
2007, Mr. Price has been President and CEO of SiM Composites, a Quebec City
company that develops membranes and catalysts for the fuel cell industry.
"I am delighted to join the Board of Directors at CO2 Solution, a
thriving company with a highly promising future, and one that I look forward
to helping reach its full potential", noted Mr. Price.
Evan Price also chairs the Board of Directors of Musée du Fort - one of
Quebec City's leading privately owned tourist attractions, founded in 1965. He
holds a bachelor's degree in forestry engineering from Université Laval and an
MBA from INSEAD in Fontainebleau, France.
Upon his nomination to the board, Mr. Price was awarded 10,000 stock
options in CO2 Solution that can be exercised at a price of $0.19.
About CO2 Solution
CO2 Solution Inc. has developed a proprietary bio-technological platform
for the efficient capture of carbon dioxide (CO2), the most important
greenhouse gas (GHG), from power plants and other large stationary sources of
emissions. The Company's technology platform exploits the natural power of a
bio-catalyst (enzyme), carbonic anhydrase, which functions within humans and
other mammals to manage CO2 during respiration. CO2 Solution has successfully
adapted the enzyme to function within an industrial environment, and thus has
taken advantage of a biomimetic approach to CO2 capture based on millions of
years of evolution. The Company is commercializing its technology for coal
fired power generation, the oil sands and other CO2-intensive industries where
a low-cost capture solution is key to meeting climate change legislation in a
cost effective manner. News releases and additional information are available
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein and accepts no responsibility for it.
For further information:
For further information: Annie Chiasson, Director, Corporate Affairs,
(418) 842-3456, firstname.lastname@example.org; Source: CO2 Solution Inc.;