BioteQ Environmental Technologies Inc. (TSX: BQE), a leader in the treatment of industrial waste water, announces the election of its Board of Directors for 2010/2011. Returning directors include Dr. George Poling, Mr. Bruce Burton, Mr. Kelvin Dushnisky, Mr. Brad Marchant, and Mr. Clem Pelletier. New to the Board are Dr. Chris Fleming and Mr. Ron Sifton.
Dr. Fleming is a Ph.D. in Chemistry, with international experience in technology development, commercialization, marketing, and global expansion. Over his 33 year career as a metallurgist, he has provided senior executive leadership roles with Mintek in South Africa and SGS Minerals' Lakefield Research Division. Dr. Fleming is well known and respected within the international mining industry for his technical expertise and clear business sense.
Mr. Sifton is a Chartered Accountant, and is presently Executive Vice President of Newalta Corporation, where he has played a senior management role since 1984, mainly as Senior Vice President of Finance and Chief Financial Officer. Mr. Sifton has extensive experience in finance and corporate reporting, information technology management, insurance and risk management, treasury and commercial lending, taxation, corporate finance, shareholder relations, and acquisitions.
George Poling, BioteQ's Board Chair, stated, "We are pleased to welcome both Chris Fleming and Ron Sifton to the BioteQ Board. They bring many years of industry experience and strong business acumen. At the same time, we would like to sincerely thank Mr. Ken Williamson for his many years of service to the BioteQ Board during our critical growth period. Ken chose not seek re-election this year because of other time commitments. We wish him well in all of his future endeavors."
BioteQ Corporate Profile
BioteQ is a water treatment company that applies innovative technologies and operating expertise to solve challenging water treatment problems, reducing environmental liabilities while delivering lower life cycle costs for water treatment. The Company's commercially proven technologies treat industrial wastewater contaminated with dissolved heavy metals and sulphate, producing saleable by-products and clean water that can be discharged safely to the environment. BioteQ has built 9 plants at sites in Canada, the US, China, Australia and Mexico, with additional projects in design and construction.
BioteQ has been named one of Canada's Top 50 Most Socially Responsible Corporations by Jantzi Research and Maclean's, and the company's sustainable water treatment solutions have been recognized with the Canada Export Achievement Award, the Globe Award for Environmental Excellence, the PDAC Award for Environmental and Social Responsibility, the China Mining Environmental Protection Award, and the Mines & Money Sustainable Development Award. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, please go to www.bioteq.ca.
On behalf of the Board of Directors
Brad Marchant
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events or conditions "might" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the development, construction and operation of water treatment plants, variations in water quality, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors described in the section entitled "Risks" in the Company's Annual Report for the Year Ended December 31, 2009. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
Contacts: BioteQ Environmental Technologies Inc. Tanja McQueen Corporate Development 604-685-1243 or 1-800-537-3073 604-685-7778 (FAX) investor@bioteq.cawww.bioteq.ca