LEVIS, QC, Jan. 30 /CNW Telbec/ - Mr Jacques Dion, Chief Executive
Officer of Nuvolt Corporation Inc (TSX-V: NCO) is glad to announce the
nomination of Mr William (Bill) Thompson as Agrivolt Inc. Vice-President, US
Mr. Thompson has developed a recognized expertise in sales to the farming
market, having successively occupied various functions among which he assumed
the Territory Management for Cargill, then worked as National Product Manager
for De Laval. After having been successfully in charge of the Western Region,
then Director of Direct Distribution, Mr Thompson became President, US Sales,
for De Laval, until 2007.
"In joining the Management of Agrivolt Inc., Mr Thompson brings to the
Company and in the meantime to Corporation Nuvolt Inc. an expertise and a deep
understanding of one of the most important markets for our current and future
products" says Mr Jacques Dion, CEO of Nuvolt Corporation Inc. "While such a
nomination is clearly in line with our business plan, I am particularly
pleased to be able to rely on the high expertise of a manager such has Mr.
Thompson in order to carry out our next sales development phase in that
market," concludes Mr Dion.
At the date hereof, The Board of directors of Corporation Nuvolt Inc. has
autorized the grant of 500,000 stock options in favor of Mr. Thompson at the
date of the signature of its employment agreement following its Stock Options
Plan. The options are accompanied with details of exercise beginning on
February 11, 2009 and are in force for 5 years until February 11, 2013. Each
option allows the holder to subscribe to one common share of Corporation
Nuvolt Inc. The exercise price of the options is established at $0.10 per
share, that is to say at the closing price of the shares of Corporation Nuvolt
Inc. the day preceeding the grant of the stock options.
About Corporation Nuvolt Inc.
Corporation Nuvolt Inc specializes in the analysis of farm electrical
network failures as well as in the manufacturing of equipment for detection
and correction. Its products are designed to detect, analyze and neutralize
leakage current which might be found in the animal environment and to inform
the user of network failures, at all frequencies. Its main products are the
Potential Equalizer, the Relax ground fault detector and SVF-VSD filters. They
are currently used in dairy and pig farms.
Corporation Nuvolt Inc. holds patents on the products and technology
which enable it to serve its current markets. It has applied for patents for
other products intended for the agricultural market, as well as for the market
of electrical networks monitoring in the residential, commercial,
institutional and industrial sectors.
TSX-Venture Stock Exchange does not assume any responsibility as to the
relevance or the accuracy of this press release.
For further information:
For further information: Jacques Dion CEO, (418) 833-0773, Fax: (418)