TORONTO, ONTARIO — (Marketwire) — 10/13/11 — Semcan Inc. (TSX VENTURE: STT) (“Semcan” or the “Company”) announced today that Mr. Robert J. Tweedy has been appointed to the board of directors.
Mr. Randy Fowlie, Chairman of Semcan said, “I am delighted with the appointment of Bob Tweedy to the board of directors. Bob–s broad business experience is a valuable addition as Semcan pursues its growth strategy.”
Mr. Tweedy is a director of TransAmerica Life Insurance Company of Canada, Dundee Realty Investment Trust (TSE) and Aurcana (TSE Venture). Mr. Tweedy is also an advisor to MaRS, an organization which supports the creation and growth of Canadian companies with innovative technology. Mr. Tweedy started his career as a consultant with McKinsey & Co. Inc., in Toronto, Cleveland and Paris, France. He returned to Toronto to become President of Dufferin Concrete Products Group. From 1977-80, he was President and Regional Coordinator, Bata Shoe Co. Inc. (U.S.A. & Caribbean). From 1980-89, he was President & C.E.O. of PCL Industries Ltd., Toronto and then from 1990-2006 Chairman & C.E.O., Sklar Peppler Furniture Corporation. His affiliations include membership in the World Presidents– Organization and Past Chairman of the Young Presidents– Organization, Ontario Chapter. In 2003 he was awarded H. M. The Queen–s Golden Jubilee medal for his work with Care Canada including serving as Chairman. He has an Honours BA from the University of Toronto and an MBA from Stanford University.
About Semcan Inc.
Semcan is a North American supplier of industrial processes and environmental solutions with specific emphasis on water remediation and emission control systems.
The Company is of the view that environmental considerations and preventative technologies are becoming a prerequisite of most modern industrial expansion, particularly in the mining, oil & gas and power sectors.
The Company–s principal focus is the conceptual design, engineering, project management, and assembly and installation of complete bulk material handling systems used to clean up water and control air emissions- from the storage silos, to the conveying systems, to the computerized electronic controls. The systems are utilized internationally in a broad range of industries.
Caution Regarding Forward-Looking Information
This news release contains certain forward-looking statements. These statements relate to future events or future performance and reflect management–s current expectations and assumptions regarding the growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management–s current beliefs and expectations and are based on information currently available to management of Semcan. In particular, statements regarding the future operating results and economic performance are forward-looking statements. Forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements, including risks outlined under “Risk Factors” in our Annual Information Form, which is posted at . In evaluating these statements, investors should specifically consider various factors, including such risks as Investment Risk; Business Valuations; Condition of Capital Markets; Dependence on Key Personnel; General Economic Factors; Interest Rate Risk; Competition; and Reliance on Key Suppliers. One or more of these “Risk Factors” could cause actual events or results to differ materially from any forward-looking statement. These factors should not be considered exhaustive. Although the forward-looking statements contained in this press release are based on what management of Semcan considers to be reasonable assumptions based on information currently available to them, there can be no assurance that actual events or results will be consistent with these forward-looking statements, and management–s assumptions may prove to be incorrect. These forward-looking statements are made as of the date of this press release, and none of Semcan nor its directors assume any obligation to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
Contacts:
Semcan Inc.
David Deacon
CEO
(905) 875-5577