BioteQ Environmental Technologies Inc.
TSX : BQE

BioteQ Environmental Technologies Inc.

January 08, 2008 08:30 ET

BioteQ Appoints Dr. David Kratochvil as President and COO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 8, 2008) - BioteQ Environmental Technologies Inc. (TSX:BQE), a leader in the treatment of metal and sulphate contaminated water, is pleased to announce the appointment of Dr. David Kratochvil to the position of President and Chief Operating Officer, responsible for overseeing corporate operations and development projects. Brad Marchant continues to serve in the role of Chief Executive Officer, focusing on corporate strategy and new business development.

"As BioteQ builds new plants and adds operating capacity, we felt it was important to align the roles of senior staff to reflect the importance of our expanding operations. David has extensive operational experience and has been instrumental in building our plants and developing our technology. As President, David will be responsible for ensuring that our plants and project pipeline operate effectively, and he has the ongoing support of our experienced management team, Board of Directors, and a dedicated team of engineering and projects staff," stated CEO Brad Marchant.

Dr. Kratochvil previously served as BioteQ's Vice President of Projects. He holds a PhD in Chemical Engineering from McGill University in Montreal, specializing in biotechnology and water treatment. A Canadian citizen originally from the Czech Republic, Dr. Kratochvil is fluent in English and Czech, with a good command of Russian and French.

BioteQ Corporate Profile

BioteQ builds, owns and operates water treatment plants for the world's mining companies and utility operators, reducing environmental liabilities while generating revenue from waste. The company's commercially proven technology treats acid mine drainage and other metal-laden waste water by sequentially removing metals and sulphate, producing saleable metal products and clean water than can be discharged safely to the environment. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, go to www.bioteq.ca.

On behalf of the Board of Directors

Brad Marchant

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to the Company, certain information contained herein constitutes "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate" and other similar words, or statements that certain events or conditions "might" or "will" occur. 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 and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the development, construction and operation of water treatment plants, variations in water quality, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors described in the section entitled "Risks" in the Company's Annual Report for the Year Ended December 31, 2006. Circumstances or management's estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • BioteQ Environmental Technologies Inc.
    Tanja McQueen
    Corporate Development
    (604) 685-1243 or 1-800-537-3073
    or
    BioteQ Environmental Technologies Inc.
    Caren Holtby
    Investor Relations
    (604) 685-1243 or 1-800-537-3073
    (604) 685-7778 (FAX)
    Email: investor@bioteq.ca
    Website: www.bioteq.ca
    or
    Wolfe Axelrod Weinberger Assoc LLC - In the U.S.
    Adam P. Lowensteiner
    (212) 370-4500
    (212) 370-4505 (FAX)
    Email: adam@wolfeaxelrod.com