OTTAWA, June 1, 2015 /CNW/ - In-Touch Survey Systems Ltd. ("In-Touch") (TSXV: INX). Michael Gaffney, Executive Chairman of In-Touch Survey Systems Ltd. announces changes in executive roles and stock option grants.
The Company is pleased to announce that effective June 1, 2015, Mr. George Pretli is promoted to the position of Vice President Finance and Chief Financial Officer.
To support its continuing transition and future growth the company has structured development efforts around a product management team approach. Mr. Michael Kahn, previously Vice President Product Development, Chief Technology Officer and General Manager, takes on a new position of Vice President Product Management and Chief Technology Officer. Ravi Puvan, formerly at Halogen Software, has joined the company in the role of Vice President Product Management.
The Company's board of directors has approved the grant of options to purchase up to 335,000 common shares at an exercise price of C $0.24 per share to employees, officers and directors of the Company. The options were granted May 28, 2015 and are valid until May 28, 2020. The current stock option plan expires on the day of the Annual General Meeting to receive December 31, 2016 financial statements and is subject to regulatory approval.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE In-Touch Survey Systems Ltd.
For further information: George Pretli, CFO, (613) 270-7916, [email protected], www.intouchsurvey.com