Essential Innovations Appoints Salvador Diaz-Verson and James Paterson to Its Board of Directors
15 September 2006 - 12:30AM
Business Wire
Essential Innovations Technology Corp. (OTCBB: ESIV) has appointed
Salvador Diaz-Verson and James Paterson to its Board of Directors,
increasing the size of the board to seven members. Mr. Diaz-Verson,
54, is the founder and principal of Miramar Securities, a
registered broker-dealer, the founder and owner of Diaz-Verson
Capital, LLC, which provides services to public and private pension
funds, insurance companies, and individuals, and the founder and
chairman of United Americas Bank, a national bank headquartered in
Atlanta, Georgia. Mr. Diaz-Verson was the President and Chief
Investment Officer of American Family Corporation, now known as
AFLAC, Inc. until 1991, when he left to form Diaz-Verson Capital.
Mr. Diaz-Verson is also the founder and Chairman of Salvaco, a
research and development company, a director and minority owner of
Clemente Capital, a money management firm, and a director of SIP
MULTI MEDIA Inc., a communication and network company. Mr.
Diaz-Verson is a graduate of Florida State University. The other
new board member, James Paterson, 36, is an investment banker at
Jefferies & Company, Inc., an investment bank headquartered in
Los Angeles, California. The Company provides financial advisory
services to growth-oriented, mid-size companies. These financial
advisory services include the structuring and execution of
acquisition financing, recapitalizations, and refinancing in both
the private and public debt markets. Prior to March 2006, Mr.
Paterson was a portfolio manager at GE Capital in Los Angeles,
California. His previous experience includes positions as an
investment banker at Montgomery & Co., Inc., in Los Angeles,
California, and at Banc of America Securities, LLC, in New York,
New York. Mr. Paterson holds an Honors Bachelor of Arts in Business
Administration from the University of Western Ontario's Richard
Ivey School of Business, and a Master of Business Administration
from the University of Michigan's Ross School of Business. William
Baumgartner has resigned from the board, effective September 1,
2006, due to personal commitments. About Essential Innovations
Technology Corp. Essential Innovations is a Geoexchange Energy
Service Company that utilizes proprietary turnkey Geoexchange
systems and solutions to deliver heating, cooling and
dehumidification, as well as domestic hot water to residential,
commercial and institutional applications. The Company's unique
"one-stop-shop" approach to Geoexchange technology applications
incorporates all the requisite pockets of technological expertise
required for "best-practices" design and implementation in one
integrated package. Essential Innovations currently has operations
in the United States, Canada and Hong Kong; exclusive distributors
in Canada and Mexico; and exclusive and non-exclusive sales agents
in Mexico, Hungary, China and Alaska. Additional information may be
found at www.eitechcorp.com and www.earthsource.ca. FORWARD-LOOKING
STATEMENTS: This news release contains "forward-looking
statements," as that term is defined in Section 27A of the United
States Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. Statements in this press release, which are
not purely historical, are forward-looking statements and include
any statements regarding beliefs, plans, expectations or intentions
regarding the future. Investors are cautioned that such
forward-looking statements involve risks and uncertainties. These
statements include, but are not limited to, statements that do not
describe historical facts and statements that include the word
"believes," "anticipates," "expects," "plans," "intends,"
"designs," "projects" or similar language, as well as statements
regarding consumer or marketplace acceptance of the Company's new
or existing products; comments concerning marketing and consumer
acceptance of proprietary products; the potential benefits of
Essential Innovations' products; initiatives undertaken by the
Essential Innovations' divisions; the Company's research,
manufacturing and facilities expansion programs; and the Company's
growth, revenue, or projected earnings; all such statements which
may or may not occur in the future. These forward-looking
statements are made as of the date of this news release, and
Essential Innovations Technology Corp. assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Investors should consult all of the
information set forth herein and should also refer to the risk
factors disclosure outlined in our periodic reports filed from time
to time with the Securities and Exchange Commission.
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