BURNABY, BC, Jan. 7, 2014 /CNW/ - IWG Technologies Inc. (IWG-T) announces that effective January 6, 2014 Darryl E. Jacobs was appointed as President, International Water-Guard Industries Inc. (IWG-I). Mr. Bruce MacCoubrey, current President, will work to transition the leadership of the IWG team to Mr. Jacobs and will continue to serve as a member of the Board of Directors of IWG-T.
Mr. Jacobs brings over 20 years' experience in the aviation industry to IWG. Mr. Jacobs successfully directed the start-up and early year development phase of FLYHT Inc. as its Founder and President in Calgary, Alberta. He was Sr. VP Marketing and Business Development with TASS Inc. a US company, which provides technical services to airlines, OEM's and MRO's around the world. Most recently Darryl provided technical assistance to the aviation industry through Inter-Action Enterprises located in B.C.
Mr. Jacobs' expertise in complex aircraft systems, design, development, airworthiness engineering and installation will be invaluable to IWG-I as it moves forward with new products and customers. Mr. Jacobs' in-depth experience in business development will help guide IWG with its growth plan. The board welcomes Mr. Jacobs to the IWG management team as it continues to achieve profitable growth for the Company.
The Board also thanks Mr. MacCoubrey for his tireless efforts over the past 18 months in working with International Water-Guard Industries team through a challenging transition period providing significant revenue and profit growth for the company. His future contribution will allow a smooth transition of leadership that will benefit all stakeholders.
IWG Technologies, Inc. is the public holding company for International Water-Guard Industries Inc., a Canadian aerospace company providing innovative solutions and products to the aviation industry, more specifically, aircraft potable water treatment, water systems, heaters and components. These products are lightweight and compact and provide high quality temperature-controlled water for passengers, crew, and the aircraft operator.
On behalf of the Board of Directors
IWG Technologies Inc.
"Bruce W. Gowan"
Chair of the Board
This news release contains certain forward-looking statements that reflect the current views and/ or expectations of IWG with respect to its performance, business and future events including statements with respect to completion of proposed or future transactions. Such statements are subject to a number of risks, uncertainties and assumptions, which may cause actual results to be materially different from those expressed or implied including the risk that required approvals will not be obtained and that suitable additional businesses may not be identified. IWG assumes no future obligation to update these forward looking statements except as required by applicable securities laws.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
TSX VENTURE: IWG
SOURCE: IWG Technologies Inc.
For further information:
IWG Technologies, Inc.
Unit One - 3771 North Fraser Way,
Burnaby, BC V5J 5G5 Canada
Tel: (604) 255-5555, Fax: (604) 255-5685