OTTAWA, April 30 /CNW Telbec/ - Thermal Energy International Inc, (TSX-V:TMG) (www.thermalenergy.com) (the "Company") announced today that effective as of April 7, 2010 the Company cancelled 993,000 common shares. As disclosed on March 14, 2010, as part of its ongoing review of the Company's affairs the TSX Venture Exchange identified certain deficiencies in the consideration received by the Company for the issuance of certain shares. The 993,000 common shares cancelled on April 7, 2010 were identified by the TSX Venture Exchange as being among such shares and the Company worked with the holders of such shares to arrange for their cancellation. All of the cancelled shares were originally issued in 2008.
About Thermal Energy
Thermal Energy International Inc. is an innovative cleantech company providing a variety of proprietary, patented and proven energy and water efficiency, emission reduction, and bioenergy products to the industrial, commercial and institutional markets. Thermal Energy International Inc. is headquartered in Ottawa, Canada, with offices in the UK and China and sales worldwide. Thermal Energy is also a fully accredited professional engineering firm, and can offer advanced process and applications engineering services. Thermal Energy engages clients through a unique mix of process, energy, environmental, and financial expertise to deliver significant financial and environmental benefits to our customers. The Company's award winning products have an excellent track record of longevity, proven reliability and performance and have been shown to provide significant energy savings, improved water efficiency, reduced GHG emissions, lower maintenance costs improved product quality and increased production efficiency. GEM(R), FLU-ACE(TM), DRY-REX(TM), THERMALONOx(TM), and THERMAL AUD(TM) and are trademarks of Thermal Energy International.
To find out more about Thermal Energy International Inc. (TSX-V: TMG), visit our website at http://www.thermalenergy.com.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE Thermal Energy International Inc.
For further information: For further information: William Crossland, Thermal Energy International Inc., (613) 723-6776, firstname.lastname@example.org