TORONTO, ONTARIO — (Marketwire) — 04/04/12 — Solutions4CO2 Inc. (TSX VENTURE: SFC) (“S4CO2” or the “Company”), a waste gas/water to co-products company is pleased to announce that it has hired several new executives to the management team effective April 3, 2012 and has added a new member to the Board of Directors effective April 3, 2012. “These executives bring significant depth and experience to their respective roles and will help enable the company to deliver on the exciting growth potential of its technology. We are very pleased to have them as part of a strong and growing team going forward,” said Doug Kemp Welch, CEO of S4CO2.
Doug Legge, VP Global Operations – has worked across several sectors in the energy and environment industry in engineering, operations, and business development. Doug began his career in plant engineering, construction and operations with Esso Resources in Calgary and the Norman Wells Project, located in Canada–s Arctic. He then worked for Laidlaw Environmental Services (later Safety-Kleen) in both Sarnia, ON and Salt Lake City, UT. At Laidlaw/Safety-Kleen Doug led significant plant turnarounds and was the Regional Vice-President for the Chemical Services Division serving customers across the western United States and Canada. Doug then pursued business development opportunities in the United States for Corix Utilities, a water/wastewater investor-owned utility company based in Vancouver, Canada. Just prior to joining S4CO2, Doug was the VP for Business Development for a Salt Lake City based biomass gasification technology company.
Doug is a P.Eng. (Ontario) with a B.A.Sc. (Mechanical) from the University of Waterloo, and has an MBA from the Richard Ivey School of Business, London, Ontario. As VP Global Operations, Doug will be responsible for the development and execution of S4CO2–s operations strategy in support of a global commercial deployment plan.
Stephen M. Gledhill, Chief Financial Officer – Mr. Gledhill will be taking over the role of CFO from Leslie Markow who has resigned, effective April 3, 2012. Mr. Gledhill brings significant experience to the CFO role. Mr. Gledhill is a Certified Management Accountant (CMA) and is Managing Director of RG Mining Investments Inc., a mineral project generation and services Company. He is also President of Keshill Consulting Associates Inc., a boutique management consulting practice. Mr. Gledhill has over 25 years of financial-control experience and acts as CFO for several publicly-traded mining and exploration and health-services companies. Prior to the inception of RG Mining Investments Inc., Mr. Gledhill served as the Senior Vice President and CFO of Borealis Capital Corporation, a Toronto-based merchant bank.
Leslie Haddow, Corporate Secretary – Ms. Haddow brings a wealth of experience to her role as Corporate Secretary with S4CO2. She has acted as Corporate Secretary of several publicly traded companies listed on the TSX and TSX Venture Exchanges over the past fifteen years.
JD McGraw, Director – Mr. McGraw is based in Houston, Texas and brings many years of board experience on publicly traded companies to his role with S4CO2. Mr. McGraw addresses the venture capital and investment needs in the USA and international markets for other growth companies upon which he sits on the Board and provides knowledge and experience of the intricacies of publicly held companies. Mr. McGraw has grown up working in the oil and gas industry, specifically working for Parker Drilling Company early in his career. Mr. McGraw has provided services to over 150 companies, including AdTec, American Rice, Blockbuster Video, Chuck E. Cheese, Dryper, DataVon, International Recovery, Republic Industries, and Swift Energy. Over his twenty-five year career, Mr. McGraw has held numerous positions in all stages of business development, including founder, CEO, and president in a wide range of business sectors, including the oil and gas industry. Mr. McGraw also has experience in large-scale roll-ups. Mr. McGraw has previous experience in purchasing technology and publicly trading it on listed exchanges. For this venture, Mr. McGraw raised over $200 million of investments, which were held primarily by major institutions.
About the Company:
Solutions4CO2 Inc. has a patented system to capture Greenhouse Gases (GHGs) from waste gas streams. The system utilizes these gases in the production of high-value co-products derived from microalgae. The Company–s system utilizes patented technology under exclusive license and supply agreements to efficiently capture and separate the primary greenhouse gases, such as carbon dioxide, nitrogen dioxide and sulphur dioxide, from post combustion, fermentation or biogas processes. The system is capable of efficiently capturing over 95% of these gasses and delivers these gasses in a fully dissolved form into algae cultivation systems resulting in enhanced growth rates. The system is capable of optimizing the delivery of CO2 by monitoring the level of CO2 in solution to an accuracy of 5ppm. The Company is focused on designing, building, operating and maintaining these waste gas/water to co-product systems in partnership with large emitters and co-product producers.
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Contacts:
Solutions4CO2 Inc.
Douglas Kemp-Welch
CEO
416-803-9435
GreenEdge Capital Solutions
Susan McLean
647-345-5199