Seprotech announces appointment of Jordan Grant as Chief Executive Officer and Wilf Stefan as President and Chief Operating Offi
28 January 2011 - 4:58AM
PR Newswire (Canada)
OTTAWA, Jan. 27 /CNW/ -- OTTAWA, Jan. 27 /CNW/ - The Board of
Directors of Seprotech Systems Incorporated (TSX-V: SET;
"Seprotech" or the "Company") today announced its Chairman Jordan
Grant has been appointed as the Company's Chief Executive
Officer. Martin J. Hauschild has stepped down as President
and Chief Executive Officer, and as a Director of the Company,
effective immediately. In addition, Mr. Grant is pleased to
announce that Wilf Stefan will be promoted to President & Chief
Operating Officer of the company. Mr. Stefan, a P. Eng., joined
Seprotech in 2005. Coming from the oil & mining
industries he was initially hired to head up marketing and sales to
the resource sector. Subsequently, Mr. Stefan became VP Operations,
managing the Company's production and service delivery, giving him
a well-rounded knowledge of all aspects of the operation. "I
welcome Wilf in his new role as President & COO and we look
forward to his steady hand as the company undergoes the transition
from a boutique supplier of specialized systems to a market-leading
provider of small- to mid-sized water and wastewater package
plants", said Mr. Grant. "This move rounds out a strong senior
management team consisting, in addition to Mr. Stefan, of our new
CFO, Ian Malone, and our Vice-President of Finance & Corporate
Development, Matt Anderson. We expect to be making announcements
soon regarding additions to our Board of Directors." Mr. Grant
expressed his thanks to Mr. Hauschild for his service to the
company through a difficult economic environment. "Under Martin's
direction, the company has developed several proprietary
state-of-the-art treatment technologies and is well-positioned to
monetise this intellectual property in a number of growing
markets." Mr. Hauschild will continue to pursue certain strategic
business opportunities in support of the Company's sales
efforts. Mr. Grant stated that Seprotech's top priorities are
to focus on sales and to restore the Company's balance sheet by
raising additional working capital. "The Company has a substantial
sales pipeline that must be converted into firm orders. In
support of sales, marketing initiatives are being implemented by
our new Director of Marketing and Sales, Kevin Bloodworth to
improve our sales tools and expand our rep network. This includes a
new Company website. "The next priority is to enhance the company's
product offerings with additional solutions targeted to the same
market segments currently served by the well-proven Rotordisk
package sewage treatment plant," continued Mr. Grant. "Finally,
completing the roll-out of the patent-pending Crystal Blue membrane
bioreactor is expected to give us a competitive advantage in
locations where there is a demand for water recycle systems. With
all of these initiatives in place, we should be in a strategic
position to become a major force in our segment of the market."
Seprotech is a provider of pre-engineered water and wastewater
treatment plants to the land development, resource sector and
military market place, including CrystalBlueâ„¢ membrane-based water
recycling systems and the ROTORDISK® wastewater treatment systems.
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. The TSX Venture Exchange has neither approved nor
disapproved of the information contained herein. Some of the
statements in this press release, including those relating to the
Company's strategies and other statements that are predictive in
nature, that depend upon or refer to future events or conditions,
or that include words such as "expects", "anticipates", "intends",
"plans", "believes", "estimates" or similar expressions, are
forward-looking statements within the meaning of securities laws.
Forward-looking statements include, without limitation, the
information concerning possible or assumed future results of
operations of the Company. These statements are not historical
facts but instead represent only the Company's expectations,
estimates and projections regarding future events. The Company does
not undertake any obligation to update or release any revisions to
these forward-looking statements to reflect events or circumstances
after the date of this presentation or to reflect the occurrence of
unanticipated events, except as required by law. To view this news
release in HTML formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/January2011/27/c5861.html
pMr. Matthew Anderson, Vice-President Finance and Corporate
Developmentbr/ Tel: (613) 523-1641br/ Fax: (613) 731-0851/p
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