VANCOUVER, BC – BioteQ Environmental Technologies, Inc. (TSX : BQE), a leader in the treatment of industrial wastewater, announces the election of its 2012 Board of Directors. The election was held Thursday May 10th at the Company’s Annual General Meeting in Vancouver.
Directors re-elected to the Board are C. Bruce Burton, independent businessman; Dr. Christopher Fleming, Senior Metallurgical Consultant with SGS Minerals; Clement Pelletier, CEO of Rescan Environmental; Dr. George Poling, Professor Emeritus UBC; Ronald Sifton, independent businessman; and Jonathan Wilkinson, CEO of BioteQ. The Board is joined by new Board member, Peter Gleeson. Mr. Gleeson has extensive experience in executive management, investment fund analysis, and board advisory roles for the technology and mining sectors, with specializations in corporate finance and contract negotiation.
The Board elected Dr. George Poling as the Chairman of the Board. Dr. Poling stated, “BioteQ would like to extend warm thanks to Kelvin Dushnisky and David Kratochvil. Mr. Dushnisky stepped down from the Board this year due to his extensive workload commitments at Barrick Gold. We thank Kelvin for his valuable contributions to BioteQ. Dr. Kratochvil has stepped down from the Board to reduce the Board size. At the same time, we welcome Mr. Peter Gleeson to the Board. His experience and industry connections provide BioteQ with a valuable resource to help accelerate the Company’s growth.”
Other business transacted at the AGM included receipt of the Company’s financial statments for the year ended December 31, 2011, and the re-appointment of PricewaterhouseCoopers as the Company’s auditors.
BioteQ Corporate Profile
BioteQ is an innovative clean technology leader in global industrial water treatment. The company’s proven technologies have been applied at sites around the world to recover dissolved metals and remove sulphate, producing clean water and eliminating residual waste. BioteQ is headquartered in Vancouver, Canada and trades on the TSX under the symbol BQE. Please visit our website at www.bqewater.com for additional information.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained herein may not be based on historical fact and therefore constitutes “forward-looking information” under applicable Canadian securities legislation. This includes without limitation statements containing the words “plan”, “expect”, “project”, “estimate”, “intend”, “believe”, “anticipate”, “may”, “will” and other similar words or expressions. 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, uncertainties and other factors that may cause actual events or results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the Company’s dependence on key personnel and contracts, uncertainty with respect to the profitability of the Company’s technologies, competition, technology risk, the Company’s ability to protect its intellectual property and proprietary information, fluctuations in commodity prices, currency risk, environmental regulation and the Company’s ability to manage growth and other factors described in the Company’s filings with the Canadian securities regulators at www.sedar.com (including without limitation the factors described in the section entitled “Risks and Uncertainties” in the Company’s Annual Report for the year ended December 31, 2011 and the section entitled “Risk Factors” in the Company’s Annual Information Form for the year ended December 31, 2011). Given these risks and uncertainties, the reader is cautioned not to place undue reliance on forward-looking statements. All forward-looking information contained herein is based on management’s current expectations and the Company undertakes no obligation to revise or update such forward-looking information to reflect subsequent events or circumstances, except as required by law.