TORONTO, Oct. 8, 2013 /CNW/ - HydraLogic Systems Inc. ("HydraLogic" or
the "Company") (NEX: HLS.H - OTC Pink Sheet: HYSYF) today announced
that on September 26, 2013 Mr. Andrew Wilson was appointed to the
Company's board of Directors and will serve as Chair of the Governance
The Company further reports that on September 27, 2013, Mr. Michael
Beckley resigned as the Company's Chairman and CEO. The Company has
appointed Director Mr. Robert Gowans as acting CEO and Chairman of the
board until the next Annual General Meeting.
The Company remains on the NEX Board of the TSX Venture Exchange.
Trading in the Company's securities remains suspended. The Company
remains vigilant in pursuing all available options for the shell.
Forward Looking Statements
This press release contains certain "forward looking statements". These
statements relate to future events or future performance and reflect
expectations and belief regarding growth, results of operations,
performance, business prospects, opportunities or industry performance
and trends. These forward looking statements reflect current internal
projections, expectations or beliefs and are based on information
currently available. A number of factors could cause actual events or
results to differ materially from the results discussed in the forward
looking statements. Although it is believed that the forward looking
statements contained in this press release are based upon reasonable
assumptions, investors cannot be assured that actual results will be
consistent with these forward looking statements. These forward looking
statements are made as of the date of this press release, and
HydraLogic Systems Inc. assumes no obligation to update or revise them
to reflect new events or circumstances, except as required pursuant to
applicable securities laws.
The NEX Exchange does not accept responsibility for the adequacy or
accuracy of this news release.
SOURCE: HydraLogic Systems Inc.
For further information:
Richard Gowans CEO
647 291 0164