EKO / TSX
MONTREAL, Sept. 2 /CNW Telbec/ - Noveko International Inc. ("Noveko" or
the "Corporation") is pleased to announce two appointments that complete the
new management structure established in August subsequent to its developments
and acquisitions over the past few months.
Mr. Eric Favreau, begins his duties today as Vice-President and Chief
Financial Officer of Noveko International Inc. Mr. Favreau has more that
15 years of experience in similar positions with companies operating in
various technology-related sectors. Mr. Favreau has also been Vice-President,
Industrial Sector at Desjardins Venture Capital Group. At the beginning of his
career, Mr. Favreau was a practicing lawyer in Mergers and Acquisitions,
Securities and Corporate Finance. With a law degree from Université de
Montréal, he has also an MBA in finance from HEC (Montreal).
Dr. Konstantin Goranov, PhD in Polymer Chemistry, MBA, who was Chief
Technical Officer of the Noveko Inc. subsidiary since February 2007, has just
been promoted to the position of Vice-President and Chief Technical Officer of
Noveko International Inc. In his new capacity, Mr. Goranov will supervise the
scientific and technological developments of the group's subsidiaries.
The Corporation granted 200,000 stock options to each of these two
executives, allowing them to acquire Class A shares at a unit price of $ 3.98.
These options grants are carried out pursuant to the terms of the
Corporation's Stock Option Plan.
Noveko International Inc. is a public holding company listed on the
Toronto Stock Exchange. Its subsidiaries specialize in the following fields of
activities: i) development, manufacturing and selling of portable real-time
ultrasound scanners for veterinary and human medicine, ii) development,
manufacturing and selling of filtration fabrics, including antimicrobial face
masks and air filters derived from its patented antimicrobial filtration
technology, iii) development, manufacturing and selling of air quality
systems, iv) manufacturing and selling of sanitizers and v) custom processing
and distribution of steel products.
The information set forth in this press release includes certain
forward-looking statements. Such statements are based on assumptions exposed
to major risks and uncertainties. Although Noveko deems the expectations
reflected in these forward-looking statements to be reasonable, the Company
cannot provide any guarantee as to the materialization of the expectations
reflected in these forward-looking statements. The Toronto Stock Exchange has
not reviewed and does not accept responsibility for the adequacy or accuracy
of this release.
For further information:
For further information: André Leroux, Chairman of the Board and Chief
Executive Officer; Alain Bolduc, President and Chief Operating Officer, Noveko
International Inc., (514) 344-3030; http://www.noveko.com