Torq Resources Inc. press release
Sirit Inc. Announces New Board Appointments
TSXV - TSX Venture Exchange · Copper · Gold · Molybdenum · Iron · Canada
Howard Johnson to lead audit committee; Art Mesher appointed chairman
TORONTO, April 24 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading provider of radio frequency identification (RFID) technology, today reported the election of a new Director to the Company's Board at the Annual General Meeting, held on Thursday, April 20, 2006. During the meeting, shareholders elected seven directors to the Company's Board, now comprised of Norbert Dawalibi, Cal Haverstock, Suresh Kumar, George C. McKinnis, Richard I. Segal, Art Mesher and Howard Johnson. Subsequent to the Annual General Meeting ("AGM"), Art Mesher was appointed Chairman of the Board of Directors. "Art and Howard bring thought leadership and proven execution skills in supply chain and the arena of mergers and acquisitions," commented Norbert Dawalibi, President and CEO, Sirit Inc. "As we continue to execute on our growth plans both through organic growth and potential additional acquisitions, it's imperative to build a Board that brings a wealth of business development, operational and M&A expertise that will help us to meet those corporate goals going forward." Mr. Johnson is President of Veracap Corporate Finance Ltd. and a Partner with Campbell Valuation Partners Limited in Toronto. He is widely recognized for his expertise in business valuation, acquisitions and divestitures, private equity financing and shareholder value enhancement strategies. Mr. Mesher is Chief Executive Officer of Descartes Systems Group Inc. a leading provider of on-demand, software-as-a-service (SaaS) delivery management solutions for transportation, logistics, manufacturing, retail, distribution and service provider enterprises. Before joining Descartes, Art launched Integrated Logistics Strategies Services for the Gartner Group, building the practice into a leading advisor to major global corporations. Mr. Mesher joined the Sirit board in September 2005.
About Sirit Inc. Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency Identification (RFID) technology worldwide. Harnessing the power of Sirit's enabling-RFID technology, customers are able to more rapidly bring high quality RFID solutions to the market with reduced initial engineering costs. Sirit's products are built on more than 12 years of RF domain expertise addressing multiple frequencies (LF/HF/UHF), multiple protocols and are compliant with global standards. Sirit's broad portfolio of products and capabilities are easily customized to address new and traditional RFID market applications including Supply Chain & Logistics, Cashless Payment, Access Control, Automatic Vehicle Identification, Inventory Control & Management, Asset Tracking and Product Authentication. For more information, visit www.sirit.com.
Cautionary Note Regarding Forward Looking Statements Safe Harbor Statement under the United States Private Securities Litigation Reform Act of 1995: Except for the statements of historical fact contained herein, the information presented constitutes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Sirit to be materially different from any future results, performance or achievements expressed or implied by such forward- looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting Sirit's business which are discussed in the section entitled "Description of the Business - Risks Factors" in Sirit's Annual Information Form dated March 16, 2006 as filed with the securities regulatory authorities in Canada via SEDAR. Although Sirit has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.