/THIS PRESS RELEASE OR THE INFORMATION CONTAINED HEREIN IS NOT BEING ISSUED IN OR INTO, AND MAY NOT BE DISTRIBUTED DIRECTLY OR INDIRECTLY IN OR INTO, THE UNITED STATES OF AMERICA OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION./
CALGARY, July 16 /CNW/ - Dr. Columba Yeung, Chairman of Value Creation Inc. ("VCI"), is pleased to announce the appointments of Mr. Raymond T. Chan as Lead Independent Director and Dr. John R. Lacey as an Independent Director to the Board of VCI, effective July 12, 2010.
Mr. Chan is currently the Executive Chairman of Baytex Energy Trust and has over 30 years of executive management experience in the Canadian oil and gas industry. Mr. Chan also serves on the Board of Directors of the Alberta Children's Hospital Foundation, the TMX Group Inc. and WestFire Energy Ltd. Mr. Chan brings with him many years of experience in the capital markets and corporate governance areas as they apply to public oil and gas entities in Canada. Mr. Chan holds a Bachelor of Commerce degree and is a chartered accountant.
Dr. Lacey is currently the President of John R. Lacey International Ltd. and has extensive experience in the oil and gas industry with BP, as well as consulting for international clients in Russia, UK, Australia and Thailand. He is currently a member of the Alberta Securities Commission Petroleum Advisory Committee. Dr. Lacey's wide experience in the international oil and gas market place will be invaluable in guiding VCI in its alliance development. Dr. Lacey holds a PhD in Geology and Engineering from London University, together with numerous academic recognitions and international honours.
CAUTION ON FORWARD-LOOKING STATEMENT
This communication is based on information available when the materials were prepared and is provided as a matter of convenience only. VCI makes no warranty or representation, express, implied, statutory or otherwise, as to the accuracy or completeness of the information contained in this communication. VCI disclaims liability for any reliance upon any information or representation contained in this communication, for any omissions from this memo, and for any written or oral communications made by VCI or its representatives in connection with this communication. This communication does not necessarily contain all the information that a recipient may require or desire. Any reliance or use of such information is done at the recipient's sole risk. It is understood that only those representations and warranties which may be contained in a definitive agreement, if and when executed, shall have any legal effect. This communication is not and under no circumstances is to be construed as, an advertisement or offer to sell any securities of VCI. Certain statements contained in this communication are prospective in nature and constitute forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that could cause VCI's actual results, performance or achievement to differ materially from those expressed in, or implied by, the forward looking statements. Accordingly, no assurance can be given that any of the forward looking statements will transpire or occur, or if any of them do so, what benefits VCI will derive therefrom. VCI disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.
SOURCE VALUE CREATION INC.
For further information: For further information: 403.539.4500