CALGARY, April 29 /CNW/ - Today, Artie T. Kos announced he is stepping
back from the President and Chief Executive Officer position at Winalta Inc.
and will take on the role of Chairman of the Board of Directors. Mel Benson,
who is currently the Chairman of the Board will step down as Chairman but will
remain on the Board of Directors as lead Director.
Winalta is also very pleased to announce that Ron Berg, Vice President
Corporate Development Industrial Division, has been given the promotion to
President and Chief Executive Officer, Winalta Inc. Mr. Berg has 32 years of
experience in the oil and gas industry having worked for Precision Drilling
Trust for the past 25 years, finishing his career there as Senior Vice
President prior to joining Winalta in October of 2008.
"Winalta's mandate is to continue to redeploy capital from its land and
homes inventory within the Homes division into the energy service sector.
Ron's experience and expertise are an ideal fit for Winalta's strategic
direction. Ron's first priority will be to streamline operations and explore
both organic and acquisition growth opportunities in the energy service
sector. He is an eager, astute, and very driven individual, who will
aggressively push Winalta to its potential," says Artie T. Kos.
Winalta Inc. (the "Company") operates with three distinct divisions. The
Homes division sells CSA approved manufactured and modular homes and custom
site-built homes and develops land and builds communities. The Industrial
division operates a portable accommodation rental business and a construction
services operation which provides earth moving and excavation related
services, gravel and crushed aggregate sales and delivery, asphalt paving and
concrete finishing. The Manufacturing division produces manufactured and
modular homes and mobile industrial accommodations from facilities in Acheson,
Winalta Inc. shares trade on the TSX Venture Exchange under the symbol
The TSX Venture Exchange has neither approved nor disapproved the
contents of this news release. The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
The words "believe", "expect", "intend", "anticipate", or any variation
of such words and similar expressions identify forward-looking statements, but
their absence does not mean that the statement is not forward-looking. These
statements are not guarantees of future performance and are subject to certain
risks, uncertainties and assumptions that are difficult to predict. Readers
are cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this news release. Winalta undertakes no
obligation to publicly update or revise any forward-looking statements or
information, whether as a result of new information, future events or
otherwise, except as required by securities laws.
For further information:
For further information: Business Contact: Ron Berg, President & CEO,
Winalta Inc., firstname.lastname@example.org, Tel: (780) 960-6900, Fax: (780)
962-9523; www.winaltainc.com; Austin Fraser, VP Corporate Development and
Investor Relations, Tel: (403) 475-4698