JER Envirotech Announces Management Resignation
04 Ottobre 2008 - 12:46AM
Marketwired
JER Envirotech International Corp. (TSX-V: JER) (FRANKFURT: KFTB)
("JER") wishes to announce that Mark Komonoski has resigned from
the position of Senior Vice President of Investor Relations. "JER
is committed to reaching profitability and cost containment will
contribute to achieving this goal. I would like to thank Mark for
his high level of professionalism and integrity. His contribution
to our business in the area of investor relations has been
excellent," said Edward Trueman, President and CEO. "Given the
difficult market conditions for a technology development company,
Mark's performance was excellent. His initiatives with the
investment community helped JER have enough public market interest
to raise over $11 million in working and development capital over
the past two years."
Mr. Komonoski has been retained over an interim period to assist
in a smooth transition. Moving forward, all investor relations
questions can be directed to Mr. Ji Yoon, CFO and Corporate
Secretary of the corporation.
About JER Envirotech International Corporation
JER is a global supplier of thermoplastic biocomposite compounds
and sheeting. The Company's patented technology utilizes waste or
by-product materials, such as wood fibre or rice hulls, to produce
environmentally friendly alternative products for applications in
the construction, transport, automotive and toy industries. The
Company currently has a range of biocomposite formulations which it
developed in collaboration with the National Research Council -
Industrial Materials Institute of Canada.
JER is publicly traded on the TSX Venture Exchange (TSX-V) under
the symbol "JER" and on the Frankfurt Stock Exchange under the
symbol "KFTB."
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. This news release contains
certain forward-looking statements that reflect the current views
and/or expectations of JER Envirotech International Corp. with
respect to its performance, business and future events. Investors
are cautioned that all forward-looking statements involve risks and
uncertainties including, without limitation, those relating to
changes in the market, potential downturns in economic conditions,
foreign exchange fluctuations, demand for thermoplastic
biocomposites, competition and our ability to implement our
business plans and strategies in a timely manner or at all. These
risks, as well as others, could cause actual results and events to
vary significantly. JER Envirotech International Corp. does not
undertake any obligations to release publicly any revisions for
updating any voluntary forward-looking statements.
Distributed by Filing Services Canada and retransmitted by
Marketwire
For more information, please visit www.jerenvirotech.com or
contact: JER ENVIROTECH INTERNATIONAL CORPORATION "Ji Yoon" Mr. Ji
Yoon Chief Financial Officer International: +1 (604) 940-9262 Email
Contact Email: Email Contact Website: www.jerenvirotech.com
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