OTTAWA
,
Dec. 22
/CNW Telbec/ - Thermal Energy International Inc. (TSX-V: TMG) (www.thermalenergy.com) ("Thermal Energy" or "the company") has received a Statement of Claim filed by former acting CFO,
Mr. Oliver Toffoli
in the amount of approximately
$350,000
for wrongful dismissal and other damages related to
Mr. Toffoli
's services with the company. Thermal Energy believes it has acted reasonably to date and intends to vigorously defend the claim. The Statement of Claim is dated
December 4th
but the company only recently became aware of it.
About Thermal Energy
Thermal Energy International Inc. is an innovative technology company providing custom energy and emission reduction, and bioenergy solutions. Headquartered in
Ottawa
,
Canada
, TEI is a designer, design build developer, fabricator, owner, operator and supplier of proprietary and patented energy conservation, renewable energy and environmental technology solutions. Thermal Energy is a fully accredited professional engineering firm, and offers advanced process and applications engineering services. The Company is a proud member of the
Chicago
Climate Exchange (CCX). FLU-ACE(R), DRY-REX(TM), THERMALONOx(TM), THERMAL-AUD(TM) and GEM(R) are trademarks of Thermal Energy International.
To find out more about Thermal Energy International Inc. (TSX-V: TMG), visit our website at www.thermalenergy.com.
Neither 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.
For further information: William Crossland, President & CEO, (613) 723-6776
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