OTTAWA, Jan. 3, 2013 /CNW/ - Clearford Industries Inc. ("Clearford" or
the "Company"),(TSXV: CLI) today announced the appointment of Mr. Kevin
Loiselle to the position of President and Chief Executive Officer.
Former CEO, Mr. Bruce Linton, will continue as a member of the Board of
Directors and special advisor for strategic markets.
In announcing the appointment, Roderick M. Bryden, Chairman of the Board
of Directors, said "Mr. Loiselle has an excellent record of building
profitable business operations. This experience will be key as
Clearford moves to convert a depth of quality contract opportunities
into deliverable projects and revenue. Mr. Loiselle joined Clearford in
October 2011 as Vice President Sales and became President and Chief
Operating Officer in July 2012. His appointment as CEO gives Clearford
the benefit of his operating experience while maintaining continuity
with the Company's strong market position in the high growth areas of
Southeast Asia and South America.
"I am very confident in the market opportunity for the Clearford
wastewater collection and treatment solution", Mr. Loiselle said.
"During the next 12 months I expect to see the Company achieve positive
earnings from operations based on closing and delivering projects
both internationally and in Canada. In the longer term I believe that
the Clearford system will become a significant factor in bringing clean
water and sanitary sewage collection and treatment to many areas of the
world," he said.
"Clearford enters 2013 with initial contracts in Southeast Asia and
South America while also positioned to benefit from high in-market
credibility." Mr. Bryden further commented. "Mr. Linton has been
instrumental in establishing Clearford in our target markets and I look
forward to his continued contributions to Clearford," he said.
About Clearford Industries Inc.
Clearford Industries Inc. (TSXV: CLI) is the developer of the patented
Small Bore Sewer ™ (SBS™), a watertight small diameter wastewater
collection system that provides servicing with superior operational and
environmental performance at a significantly lower cost when compared
to historic gravity sewers. Clearford's SBS™ technology and industry
expertise provide the enabling platform to deliver, on a global basis,
turnkey, fixed-price wastewater collection, treatment and energy
generation solutions that are ideally suited for water-scarce regions,
those with unreliable water distribution networks, and new developments
seeking a greener approach to water and wastewater management. For more
information on Clearford, please visit www.clearford.com.
Forward Looking Statements
This news release contains certain statements that constitute
forward-looking statements as they relate to the Company and its
management. Forward-looking statements are not historical facts but
represent managements current expectation of future events, and can be
identified by words such as "believe", "expects", "will", "intends",
"plans", "projects", "anticipates", "estimates", "continues" and
similar expressions. Although management believes that the expectations
represented in such forward-looking statements are reasonable, there
can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions and are
subject to inherent risks and uncertainties that could cause actual
future results, conditions, actions or events to differ materially from
those in the forward-looking statements. If and when forward-looking
statements are set out in this news release, Clearford will also set
out the material risk factors or assumptions used to develop the
forward-looking statements. Except as expressly required by applicable
securities law, the Company assumes no obligation to update or revise
any forward looking statements. The future outcomes that relate to
forward-looking statements may be influenced by many factors,
including, but not limited to: industry cyclicality; the ability to
secure third party agreements; successful integration of Clearford's
system with third party technology; competition; reduction in demand
for products; collection from customers; relationships with suppliers;
product liability; intellectual property; reliance on key personnel;
environmental; interest rates; uninsured and underinsured losses;
operating hazards; risks of future legal proceedings; income tax
matters; credit facilities; availability and terms of financing;
distribution of securities; restrictions on potential growth; effect of
market interest rates on price of securities; and potential dilution.
SOURCE: Clearford Industries Inc.
