VANCOUVER, Feb. 11, 2016 /CNW/ - Legend Power Systems
Inc. (TSXV: LPS) is pleased to announce the appointment of
Steve Vanry, CFA as Chief Financial
Officer (CFO) and Dave Guebert, to
the Company's Board of Directors. Both appointments are effective
immediately.
Steve Vanry
Mr. Vanry has 22-years professional experience in senior
management positions with public and private companies, providing
expertise in capital markets, strategic planning, corporate
finance, merger and acquisition structuring, regulatory compliance,
accounting and financial reporting. He is well regarded for his
leadership, creativity and ability to foster collaborative
environments for team driven projects. His breadth of experience
spans various industries, including; mining, oil and gas, renewable
energy, high-technology and manufacturing. Mr. Vanry regularly
consults for other listed companies in the role of director and/or
senior executive. He is a member of the CFA Institute and Vancouver
Society of Financial Analysts.
Mr. Vanry assumes the CFO role from Shabir Dhanani, who has been with the Company
since 2007.
Dave Guebert
Mr. Guebert is an experienced financial professional and
business manager with over 35-years of experience in finance and
accounting, 25 of which were served as chief financial officer of
public and private companies in the resource, finance and
technology sectors. He is currently the Chief Financial Officer of
Marret Resource Corp., an investment entity, and also serves as a
member of the board of directors (and chairman of the audit
committee) of Merus Labs International Inc., a public specialty
pharmaceutical company. During his career, he has been employed in
management and financial capacities in merchant energy, investment
and technology industries. In addition to these roles, Mr.
Guebert spent two and a half years serving as Controller for the XV
Olympic Winter Games. Mr. Guebert has a Bachelor of Commerce degree
(University of Saskatchewan) along with
both CPA-CA (Alberta) and CPA
(Pennsylvania)
designations.
Incentive Stock Options
Pursuant to its Stock Option Plan, the Company has granted
incentive stock options to a director to purchase up to an
aggregate 175,000 common shares in the capital of the Company.
The options are exercisable at a price of $0.25 per share, and will vest over a 3-year
period. The options expire on February 9,
2021.
About Legend Power Systems Inc.
Legend Power Systems Inc., "Legend" (www.legendpower.com)
markets a proprietary device, the 'Harmonizer' that helps
individual buildings reduce energy consumption through the
utility-proven concept of Conservation Voltage Reduction, (CVR).
Legend provides customers risk free energy savings, improves the
value of their physical assets, and enhances their sustainability
efforts. As an application with demand side benefits, Legend is
also a key contributor toward utility conservation goals. Legend
was recognized as the top performing cleantech company on the TSX
Venture Exchange in 2015.
Neither the TSX Venture Exchange nor the
Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this
release.
Forward-Looking Statements
This Press Release may contain statements which constitute
'forward-looking, including statements regarding the plans,
intentions, beliefs and current expectations of the Company, its
directors, or its officers with respect to the future business
activities and operating performance of the Company. The words
"may", "would", "could", "will", "intend", "plan", "anticipate",
"believe", "estimate", "expect" and similar expressions, as they
relate to the Company, or its management, are intended to identify
such forward-looking statements. Investors are cautioned that any
such forward-looking statements are not guarantees of future
business activities or performance and involve risks and
uncertainties, and that the Company's future business activities
may differ materially from those in the forward-looking statements
as a result of various factors. Such risks, uncertainties and
factors are described in the periodic filings with the Canadian
securities regulatory authorities, including the Company's
quarterly and annual Management's Discussion & Analysis, which
may be viewed on SEDAR at www.sedar.com. Should
one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove
incorrect, actual results may vary materially from those described
herein as intended, planned, anticipated, believed, estimated or
expected. Although the Company has attempted to identify important
risks, uncertainties and factors which could cause actual results
to differ materially, there may be others that cause results not be
as anticipated, estimated or intended. The Company does not intend,
and does not assume any obligation, to update these forward-looking
statements other than as may be required by applicable law.
SOURCE Legend Power Systems Inc.