Par MONTREAL, Dec. 21, 2011 - Sofame Technologies Inc. (TSXV: SDW), a leading manufacturer of environmentally efficient industrial water heaters and cost effective heat recovery systems for traditional boilers, is pleased to announce that two new Directors have joined its Board. The nominations of Mr. Shamim S. Ahmed and Mr. Brian J. Dillon were approved at the annual general and special meeting of shareholders held in Montreal on December 19, 2011. Mr. Fahim Samaha, Chairman of Soffimat SA in Paris remains on the Board, as does the Chairman, Mr. Robert Presser, who is Vice President of ACME Engineering Products.
Sham Ahmed has 40 years of broad experience in the HVAC industry encompassing executive management, sales and marketing and consulting. Mr. Ahmed is currently Chief Operating Officer at Dectron Internationale, which is a global provider of highly-engineered indoor air quality and heating, ventilation & air conditioning products and services catering to the building systems, food processing, medical, petrochemical, recreation, hospitality, and telecommunications industries.
Brian J. Dillon has over 30 years experience with software systems in the insurance, pharmaceutical, pharmacy and healthcare sectors, and has been the driving force and founder of a series of successful start-up companies in Canada. As a result of the success of these businesses, Mr. Dillon has worked in senior management roles at Fortune 30 companies in the above-mentioned industry segments in North America and abroad, delivering advanced sales & marketing systems, technology platforms and related services.
Mr. Josh Costell, a Director with Sofame since June 2010, announced that he is leaving the Board and that his company, Tozour Energy Services, Inc. will continue sell Sofame's products in New Jersey, Pennsylvania and Delaware. Tozour Energy is Sofame's best performing U.S. Rep. firm, having completed several high profile industrial energy efficiency projects since 2006 in the university, hospital and pharmaceuticals markets.
According to Robert Presser, Chairman of Sofame's Board, "New candidates were recruited for their experience as operating managers and entrepreneurs, and their proven track records as sales executives. They are also accessible because they live near Montreal, and share Sofame's philosophy that quality execution is the key to building a profitable, growing business. Improving operations and execution will be a preoccupation of the Board over the coming year."
As reported in a press release on December 14th, Sofame has received three confirmed purchase orders and one non-binding letter of intent representing a total value of $1.7 million in the fourth quarter of its 2011 fiscal year ending September 30th.
Luc Mandeville, founder and Vice President of Sofame, reported to the shareholders at the AGM that "McGraw Hill Construction Data estimates the US green building market will grow from $71 billion in 2010 to $163 billion in 2015. According to a McKinsey report, $520 billion of up-front investment in energy efficiency measures is needed in the US alone through 2020. President Obama also announced the $2 billion Better Buildings Initiative this year to improve energy efficiency in commercial buildings by 20% by 2020."
Sofame's President and CEO, John Gocek, reported that "two contracts for industrial energy efficiency systems are currently being delivered, and several new projects in the local Montreal market are in the final stages of quoting. The request to resume trading in Sofame's shares is being finalized with the TSX Venture Exchange. Refinancing of the secured $250,000 bridge loan due in January may be achieved through a private placement in common shares at $0.05 cents currently being discussed with financial backers."
In a final resolution, shareholders voted to approve modification of the exercise price of all 3,975,000 outstanding, unexpired stock options to $0.10 per share. The options had been previously granted to directors, officers, employees and consultants during the years 2008, 2009 and 2010 at exercise prices of $0.16, $0.17, $0.21, $0.25, $0.28 and $0.33.
Sofame also announced that André Caillé, formerly the President of Gaz Metropolitan and then of Hydro Quebec, has decided to resign as the special senior advisor to Sofame's Board effective immediately due to other commitments. As reported in a press release on November 28, 2008, André Caillé joined Sofame to help raise awareness of Sofame's energy efficiency technology, which was developed in part with assistance from Gaz Metro. Mr. Caillé is deeply involved in pioneering the exploration for shale gas as chairperson of the Quebec Oil and Gas Association.
John Gocek |
Stone Communication Services |
| distribué par | Ce noodl a été diffusé par Sofame Technologies Inc. et initialement mise en ligne sur le site http://www.sofame.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2011-12-21 18:13:35 PM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
