CATCH THE WIND ANNOUNCES CHANGE TO BOARDhttps://tmx.quotemedia.com/article.php?newsid=40525532&qm_symbol=CTW
Apr. 20, 2011 (Canada NewsWire Group) --
MANASSAS, VA, April 20 /CNW/ - Catch the Wind Ltd. (TSXV: CTW) announcedthat Mr. Christopher Lowe has resigned from the Company's Board ofDirectors effective today for personal reasons. Mr. Lowe had alsoserved as Chair of the Company's Audit Committee.
"We would like to thank Chris for his contributions and wish him all ofthe best in the future," said Phil Rogers, President and CEO of Catchthe Wind.
The Company also announced that Mr. Martin Crotty, an independentdirector, will serve as Chair of the Company's Audit Committee on aninterim basis. Mr. Crotty will provide oversight of Catch the Wind'sfinancial activities, which are managed by interim Chief FinancialOfficer Robin Roge, CPA, and audited by Deloitte.
In keeping with its previously announced commitments to adhering tocorporate governance best practices and to strengthening its board,Catch the Wind's search for one or more new, independent directors whowill bring strong industry and financial experience, including relevantexperience in the European and Asian wind energy markets, and deepknowledge of the capital markets, is ongoing.
The Company remains committed to developing and maintaining a strongboard of directors to enable the Company to improve and build upon itscorporate governance foundation, and to guide the Company into the nextphase of its development of market acceptance and commercialization ofits Vindicator ® laser wind sensor.
About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company headquartered inManassas, Virginia. The company was founded in 2008 to develop andmanufacture the Vindicator® laser wind sensor.
Catch the Wind serves the commercial market sector for laser based windsensor 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 moreinformation, visit www.catchthewindinc.com.
Forward-Looking Information
This news release includes certain forward-looking statements within themeaning of Canadian securities laws. Forward-looking statements involverisks, uncertainties and other factors that could cause actual results,performance, prospects and opportunities to differ materially fromthose expressed in such forward-looking statements. Forward-lookingstatements 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 differmaterially from these forward-looking statements as well as futureresults. Although Catch the Wind believes that the assumptions andfactors used in making the forward-looking statements are reasonable,undue reliance should not be placed on these statements, which onlyapply as of the date of this news release, and no assurance can begiven that such events will occur in the disclosed timeframes or atall. Catch the Wind disclaims any intention or obligation to update orrevise any forward-looking statement, whether as a result of newinformation, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.