Active Control Technology Inc.

Active Control Technology Inc.

September 21, 2011 08:00 ET

Active Control Appoints New Management and Adds Director to Board

TORONTO, ONTARIO--(Marketwire - Sept. 21, 2011) - Active Control Technology Inc. (TSX VENTURE:ACT) ("Active" or the "Company"), a leading provider in the design, manufacture and marketing of both wireless and fiber network solutions for mine communications, and the commercial security and access control industries, announced today that, Jonathan Emanuel has been appointed CEO of the Company and Graham Warren has moved to the role of CFO of the Company on an interim basis. Active is also pleased to announce that Michael Wolfe has agreed to join the Board of Directors, subject to regulatory approval. Mr. Wolfe has been appointed Chairman of the Audit Committee.

Jonathan Emanuel has been the CEO of PowerCart Systems Inc. ("PowerCart") since 2008 and during this period has grown both the margins and revenues. Prior to PowerCart, Jonathan worked on the successful restructuring and sale of a technology company for one of the leading merchant banks in Toronto. Prior to this, Jonathan worked in technology companies involved with software development and/or consulting. During this period he was involved in multiple transactions either integrating, acquiring or selling companies. Jonathan has held a number of senior positions including CFO, CIO and CEO. Mr. Emanuel has been intimately involved in the operations of the Company for the last four months and has agreed to take on the role of CEO.

Graham Warren has been a Director of Active since 2004 and was the CFO of the Company until the fall of 2009 and took on the role of interim CEO following the resignation of Cameron Sturgess in December, 2010. Mr. Warren has handed the reins of the Company over to Mr. Emanuel.

Michael Wolfe is currently VP Finance at Masstech Group Inc. He is a finance professional with extensive experience in private equity, business valuation and accounting, working primarily with mid-market companies. Prior to joining Masstech, he worked at several prominent private equity firms and two international accounting firms. Mr. Wolfe is a Chartered Accountant (CA), a Chartered Business Valuator (CBV) and has a Master of Business Administration degree.

"Having worked closely with Jonathan Emanuel for the last four months, I am pleased that he is taking on the responsibility of the CEO of the Company. Jonathan will be able to devote his full-time attention to integrating the operations of the Company and PowerCart and realize on the tremendous synergies and business opportunities available to the merged entities", said Graham Warren, Active's CFO and former CEO. Jonathan Emanuel, the Company's new CEO stated: "We are very pleased to welcome Michael Wolfe to Active's Board. His broad financial experience and background will be a tremendous asset to the Company and will fill the void created by the resignation of Paul Jaggard." Jonathan Emanuel further stated: "I look forward to taking on the challenge of CEO for Active to realize the technological and revenue growth available to the Company."

About PowerCart

PowerCart is the original industry founder of mobile power solutions with a legendary reputation for reliability and on-time delivery with over 30,000 units sold. PowerCart continues to lead the industry in design and innovation, for solutions requiring backup and mobile power. PowerCart offers all of its solutions in the retail, warehousing, courier and mining sectors with a bumper-to-bumper one year warranty – the best in the industry. PowerCart has locations in Mississauga, Ontario, Canada, and Medina, Ohio, USA. For more information, visit

About Active Control Technology

Active Control Technology is involved in the design, manufacture and marketing of both wireless and fiber network solutions for mine communications, and the commercial security and access control industries. The Company has two product lines: ActiveMine™, a fully integrated wireless and/or fiber communications and locating technology for underground coal mines, and ActiveSecure™, a family of wireless products for the access control industry. Located in Burlington, Ontario, Canada, Active Control Technology trades publicly on the TSX Venture Exchange under the symbol ACT. For more information, visit

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Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and, as such, are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the Company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.

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