HOUSTON, June 26 /CNW/ - Rapid Solutions Corporation (TSX-V: RPD), is
focused on providing integrated data management solutions to high risk,
process intensive industries that rely on accurate and readily available
critical information. Rapid today announced the appointment of Dale P. Kearns
as Executive Vice President and CFO.
Mr. Kearns has served public companies in a variety of industries during
his 30-year career, including firms focused on software development and
licensing. Mr. Kearns is a managing partner of Corsair Advisors, Inc., a U.S.
based provider of corporate advisory services.
"We are pleased to have Dale on our executive team," commented Michael W.
Jones, President and Chief Executive Officer of Rapid. "Dale has been a valued
board member of Rapid and we welcome his further involvement as we pursue and
execute our next stage of growth."
Rapid Solutions recently repositioned its U.S. business to focus on
providing higher value solutions to clientele. As a result, Rapid has
successfully identified and captured data integration and workflow solution
opportunities related to process & safety management in the downstream, high
risk refining and chemical processing industries. In its most recently awarded
contract, Rapid is delivering an intelligent, technology based solution for
mobile field level access to procedures, safe operating limits and point of
need decision support to a major U.S. manufacturer of chemical products.
"I look forward to working with Michael Jones and his team," remarked
Dale Kearns. "Michael is skilled at anticipating and predicting industry
trends in the energy sector and how solutions can be applied to meet
information challenges. With the repositioning of the U.S. organization and
its pipeline of opportunity, I believe Rapid is positioned to enjoy
significant growth in its markets, and I am excited to be involved."
Prior to Mr. Kearns' appointment, John Newman served the company as Chief
Financial Officer on a part time basis. Mr. Newman will continue to provide
support to the company.
About Rapid Solutions
Rapid Solutions Corporation is focused on providing integrated data
management solutions to high risk and process intensive industries. Through
considerable experience gained in data integration, Rapid offers technology
based solutions that manage and integrate vast quantities of data and
information for clients seeking Process Safety Management solutions. PSM
clients are seeking integrated solutions to address operational procedures,
safe operating limits and maintenance systems. Through its Canadian operating
unit, Rapid offers the upstream energy sector a similar opportunity to achieve
master well list integrity.
Rapid believes the future of true business integration is not only
linking physical data, but also mapping data to business processes to provide
accuracy of information.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
Forward Looking Information
This press release may contain forward-looking statements which may
include estimates, plans, expectations, opinions, forecasts, projections,
guidance or other statements that are not statements of fact; including
without limiting the generality of the foregoing, statements made by the Chief
Executive Officer. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, it cannot give
any assurance that such expectations will prove to be correct. Results of
Rapid may be affected by a variety of variables and risks associated with the
software and technology services industry such as loss of market, competition
from other software and technology and service providers, ability to access
sufficient debt and equity capital from internal and external sources, ability
to expand in the marketplace and to maintain present clientele, ability to
generate sufficient cash flow from operations to meet current and future
obligations and risks associated with potential future lawsuits and regulatory
actions made against the Company. Rapid's business is focused principally on
the oil and gas and chemical industries and is therefore subject to all of the
risks associated with such industries, including the highly cyclical nature of
its economic returns. Forward-looking statements are subject to certain risks
and uncertainties and may be based on assumptions that could cause actual
results to differ materially from those anticipated or implied in such
statements. The Company's forward-looking statements are expressly qualified
in their entirety by this cautionary statement. Unless otherwise required by
applicable securities laws, the Company does not intend nor does it undertake
any obligation to update or review any forward-looking statements to reflect
subsequent information, events, results or circumstances or otherwise.
For information on Rapid go to www.rapid.com.
For further information:
For further information: Michael Jones, President and CEO, Rapid
Solutions Corporation, Telephone: (713) 996-7979 or (403) 451-3105