Datex Technologies Corporation
TSX VENTURE : DTC

October 22, 2009 09:14 ET

Datex Technologies Corporation Announces Appointment of David Parkes to Board of Directors

MISSISSAUGA, ONTARIO--(Marketwire - Oct. 22, 2009) - Datex Technologies Corporation ("Datex" or the "Company") (TSX VENTURE:DTC), a company operating in the Customer Management, Billing and Telecom Expense Management spaces, announced the appointment of David Parkes to the Datex board effective immediately.

Jim Dawson, Datex' President, CEO and Chairman of the Board, remarked "David has a telecom pedigree and a wealth of experience. We are indeed fortunate to have him assist in our growth and profitability plans".

David Parkes owns and operates David Parkes and Associates Inc., an executive consulting firm specializing in turnarounds and fast growth management challenges. Mr. Parkes has successfully led some of the industry's most respected companies. He has served as President and CEO of Sprint Canada, Look Communications and Telespectrum Canada as well having been a founding executive of Cantel Inc. (now Rogers Wireless). David is an experienced director of public companies, including the original board of Microcell (Fido) and he currently serves on the board of Mitec Telecom (TSX) and Envoy Capital (TSX, Nasdaq). Always a leader in community affairs, Mr. Parkes is Vice Chair of Georgian Bay Forever, and he holds a BSc and an MBA from York University.

In connection with Mr. Parkes' appointment, the Company has granted Mr. Parkes options to acquire 750,000 common shares at $0.10 per common share under the Company's stock option plan. Mr. Parkes' appointment is, in the normal course, subject to TSX Venture Exchange approval. The Company also confirms the granting of 750,000 options to David Williams and Russell Flewelling, both current members of the Datex board of Directors, under the same terms and conditions.

About Datex Technologies Corporation

Datex Technologies Corporation is listed on the TSX Venture Exchange (TSX VENTURE:DTC). Datex is a leading provider of billing software and services, customer management and order management solutions and telecom expense management services. For more information about Datex, please visit our website at www.datex.ca.

Forward Looking Statements

This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The Company disclaims any obligation to update these forward-looking statements.

The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Datex Technologies Corporation
    Mr. Jim Dawson
    President and CEO
    (905) 822-2300
    jdawson@datex.ca