BURNABY, BC, June 1, 2012 /CNW/ - International Water-Guard Technologies, Inc. and its wholly-owned subsidiary International Water-Guard Industries Inc. (IWG) announced today that David Fox, President and CEO, has left the Company to pursue outside opportunities. The duties of the Office of the President will be shared between Mike Piscatella and Bruce MacCoubrey (currently Directors of the company) who will answer to the Board of Directors. Mike and Bruce have collectively over 80 years' experience in the aerospace and aviation industry. This arrangement will continue until a full time replacement is named. The Board appreciates David's contribution to the Company over the past 8 years and wishes him well in his future endeavours.
On behalf of the Board of Directors
IWG Technologies, Inc
International Water-Guard Industries Inc.
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
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