CATCH THE WIND ANNOUNCES CHANGE TO BOARD
21 April 2011 - 7:00AM
PR Newswire (Canada)
MANASSAS, VA, April 20 /CNW/ -- MANASSAS, VA, April 20 /CNW/ -
Catch the Wind Ltd. (TSXV: CTW) announced that Mr. Christopher Lowe
has resigned from the Company's Board of Directors effective today
for personal reasons. Mr. Lowe had also served as Chair of the
Company's Audit Committee. "We would like to thank Chris for his
contributions and wish him all of the best in the future," said
Phil Rogers, President and CEO of Catch the Wind. The Company also
announced that Mr. Martin Crotty, an independent director, will
serve as Chair of the Company's Audit Committee on an interim
basis. Mr. Crotty will provide oversight of Catch the Wind's
financial activities, which are managed by interim Chief Financial
Officer Robin Roge, CPA, and audited by Deloitte. In keeping with
its previously announced commitments to adhering to corporate
governance best practices and to strengthening its board, Catch the
Wind's search for one or more new, independent directors who will
bring strong industry and financial experience, including relevant
experience in the European and Asian wind energy markets, and deep
knowledge of the capital markets, is ongoing. The Company remains
committed to developing and maintaining a strong board of directors
to enable the Company to improve and build upon its corporate
governance foundation, and to guide the Company into the next phase
of its development of market acceptance and commercialization of
its Vindicator (®) laser wind sensor. About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company
headquartered in Manassas, Virginia. The company was founded in
2008 to develop and manufacture the Vindicator(®) laser wind
sensor. Catch the Wind serves the commercial market sector for
laser based wind sensor systems, recognized as the "gold standard"
in wind measurement. The company is focused on becoming a major
contributor in making clean, renewable wind energy more affordable
and profitable. For more information, visit
www.catchthewindinc.com. Forward-Looking Information This news
release includes certain forward-looking statements within the
meaning of Canadian securities laws. Forward-looking statements
involve risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ
materially from those expressed in such forward-looking statements.
Forward-looking statements in this news release, include, but are
not limited to, economic performance and future plans and
objectives of Catch the Wind. Any number of important factors could
cause actual results to differ materially from these
forward-looking statements as well as future results. Although
Catch the Wind believes that the assumptions and factors used in
making the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply
as of the date of this news release, and no assurance can be given
that such events will occur in the disclosed timeframes or at all.
Catch the Wind disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. 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. To
view this news release in HTML formatting, please use the following
URL:
http://www.newswire.ca/en/releases/archive/April2011/20/c5918.html
table border="0" tr td Catch the Wind
Ltd. /td td /td td /td
td TMX Equicom /td /tr tr td Claudia
Jaques /td td /td td
/td td Joe Racanelli /td /tr tr td Vice President and General
Counsel /td td /td td /td td
Investor Relations /td /tr tr td
703-393-0754 /td td /td
td /td td 416-815-0700 ext. 243 /td /tr tr td a
href="mailto:cjaques@catchthewindinc.com"cjaques@catchthewindinc.com/a
/td td /td td /td td a
href="mailto:jracanelli@equicomgroup.com"jracanelli@equicomgroup.com/a
/td /tr /table
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