Alternext: MNEMO: ALHEO
QUEBEC CITY, May 23, 2013 /CNW Telbec/ - (TSXV: HEO) - H2O Innovation Inc. ("H2O Innovation" or the "Company") announces the resignation of Mr. John G. Booth as a member of the Board of Directors of the Company. Mr. Booth has served as a Director for 15 years, overseeing its transformation into the water business and its subsequent growth in this field. Mr. Booth stated "The Company has been through many challenges over the years but in choosing to resign today, I believe I am leaving the Company at a time when it is as robust, well governed and profitable as it is has ever been; well managed and positioned as an innovator and North American leader in the water treatment industry".
Mr. Booth is leaving to devote more time to Midpoint Holdings, a peer to peer foreign currency exchange company he co-founded which has recently listed on the TSX Venture Exchange (TSXV: MPT) and of which he serves as the Executive Chairman.
Mr. Booth was also member of the Governance, Remuneration and Risks Committee of the Company. The Board of Directors will fill the vacancy in the coming months.
"We wish to thank Mr. Booth for his valuable contribution and his dedication as a Director of the Company over the last 15 years and wish him the best in his new projects", stated Philippe Gervais, Chairman of the Board of H2O Innovation.
Certain statements set forth in this press release regarding the operations and the activities of H2O Innovation may constitute forward-looking statements within the meaning of securities legislation. Forward-looking statements concern analysis and other information based on forecast future results, performance and achievements and the estimate of amounts that cannot yet be determined. Those forward-looking statements, based on the current expectations of management, involve a number of risks and uncertainties, known and unknown, which may result in actual and future results, performance and achievements of the Company to be materially different than the said forward-looking statements. Information about the risk factors to which the Company is exposed is provided in the Annual Information Form dated September 25, 2012 available on SEDAR (www.sedar.com).
About H2O Innovation
H2O Innovation designs and provides state-of-the-art, custom-built, and integrated water treatment solutions based on membrane filtration technology to municipal, energy & natural resources end-users. H2O Innovation also provides a complete line of specialty chemicals and consumables for membrane filtration and reverse osmosis systems. For more, visit www.h2oinnovation.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor the Alternext Exchange accepts responsibility for the adequacy or accuracy of this release.
SOURCE: H2O Innovation Inc.
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