TORONTO,
Oct. 8, 2013 /CNW/ - HydraLogic
Systems Inc. ("HydraLogic" or the "Company") (NEX: HLS.H - OTC Pink
Sheet: HYSYF) today announced that on September 26, 2013 Mr. Andrew Wilson was appointed to the Company's
board of Directors and will serve as Chair of the Governance
Committee.
The Company further reports that on September 27, 2013, Mr. Michael Beckley resigned as the Company's
Chairman and CEO. The Company has appointed Director Mr.
Robert Gowans as acting CEO and
Chairman of the board until the next Annual General Meeting.
The Company remains on the NEX Board of the TSX
Venture Exchange. Trading in the Company's securities remains
suspended. The Company remains vigilant in pursuing all available
options for the shell.
Forward Looking Statements
This press release contains certain "forward
looking statements". These statements relate to future events or
future performance and reflect expectations and belief regarding
growth, results of operations, performance, business prospects,
opportunities or industry performance and trends. These forward
looking statements reflect current internal projections,
expectations or beliefs and are based on information currently
available. A number of factors could cause actual events or results
to differ materially from the results discussed in the forward
looking statements. Although it is believed that the forward
looking statements contained in this press release are based upon
reasonable assumptions, investors cannot be assured that actual
results will be consistent with these forward looking statements.
These forward looking statements are made as of the date of this
press release, and HydraLogic Systems Inc. assumes no obligation to
update or revise them to reflect new events or circumstances,
except as required pursuant to applicable securities laws.
The NEX Exchange does not accept responsibility
for the adequacy or accuracy of this news release.
SOURCE HydraLogic Systems Inc.