OTTAWA,
Jan. 3, 2013 /CNW/ - Clearford
Industries Inc. ("Clearford" or the "Company"),(TSXV: CLI) today
announced the appointment of Mr. Kevin
Loiselle to the position of President and Chief Executive
Officer. Former CEO, Mr. Bruce
Linton, will continue as a member of the Board of Directors
and special advisor for strategic markets.
In announcing the appointment, Roderick M. Bryden, Chairman of the Board of
Directors, said "Mr. Loiselle has an excellent record of building
profitable business operations. This experience will be key as
Clearford moves to convert a depth of quality contract
opportunities into deliverable projects and revenue. Mr. Loiselle
joined Clearford in October 2011 as
Vice President Sales and became President and Chief Operating
Officer in July 2012. His
appointment as CEO gives Clearford the benefit of his operating
experience while maintaining continuity with the Company's strong
market position in the high growth areas of Southeast Asia and South America.
"I am very confident in the market opportunity
for the Clearford wastewater collection and treatment solution",
Mr. Loiselle said. "During the next 12 months I expect to see the
Company achieve positive earnings from operations based on closing
and delivering projects both internationally and in
Canada. In the longer term I
believe that the Clearford system will become a significant factor
in bringing clean water and sanitary sewage collection and
treatment to many areas of the world," he said.
"Clearford enters 2013 with initial contracts in
Southeast Asia and South America while also positioned to benefit
from high in-market credibility." Mr. Bryden further commented.
"Mr. Linton has been instrumental in establishing Clearford in our
target markets and I look forward to his continued contributions to
Clearford," he said.
About Clearford Industries Inc.
Clearford Industries Inc. (TSXV: CLI) is the developer of the
patented Small Bore Sewer ™ (SBS™), a watertight small diameter
wastewater collection system that provides servicing with superior
operational and environmental performance at a significantly lower
cost when compared to historic gravity sewers. Clearford's SBS™
technology and industry expertise provide the enabling platform to
deliver, on a global basis, turnkey, fixed-price wastewater
collection, treatment and energy generation solutions that are
ideally suited for water-scarce regions, those with unreliable
water distribution networks, and new developments seeking a greener
approach to water and wastewater management. For more information
on Clearford, please visit www.clearford.com.
Forward Looking Statements
This news release contains certain statements that constitute
forward-looking statements as they relate to the Company and its
management. Forward-looking statements are not historical facts but
represent managements current expectation of future events, and can
be identified by words such as "believe", "expects", "will",
"intends", "plans", "projects", "anticipates", "estimates",
"continues" and similar expressions. Although management believes
that the expectations represented in such forward-looking
statements are reasonable, there can be no assurance that they will
prove to be correct.
By their nature, forward-looking statements
include assumptions and are subject to inherent risks and
uncertainties that could cause actual future results, conditions,
actions or events to differ materially from those in the
forward-looking statements. If and when forward-looking statements
are set out in this news release, Clearford will also set out the
material risk factors or assumptions used to develop the
forward-looking statements. Except as expressly required by
applicable securities law, the Company assumes no obligation to
update or revise any forward looking statements. The future
outcomes that relate to forward-looking statements may be
influenced by many factors, including, but not limited to: industry
cyclicality; the ability to secure third party agreements;
successful integration of Clearford's system with third party
technology; competition; reduction in demand for products;
collection from customers; relationships with suppliers; product
liability; intellectual property; reliance on key personnel;
environmental; interest rates; uninsured and underinsured losses;
operating hazards; risks of future legal proceedings; income tax
matters; credit facilities; availability and terms of financing;
distribution of securities; restrictions on potential growth;
effect of market interest rates on price of securities; and
potential dilution.
SOURCE Clearford Industries Inc.
