Avantec Technologies Inc.

Avantec Technologies Inc.

December 15, 2008 16:35 ET

Avantec Technologies Inc.: Mr. B. Rico, President & CEO Retires

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2008) - Avantec Technologies Inc. (the "Company") (TSX VENTURE:AVV) announces that Mr. Bernardo Rico has retired after 42 years in the business world and has resigned as President, Chief Executive Officer and a Director of the Company. Mr. Jerry Minni has been appointed as President until the next shareholder meeting.

Mr. Rico has been instrumental in the development of the Company's business and his guidance on the regulatory approval process using the Company's chlorine dioxide delivery system. The Board of Directors wishes to thank Mr. Rico for all his contributions to the Company.

About Avantec Technologies Inc. (AVV) www.avantecsafe.com

Avantec® is a developer and manufacturer of antimicrobials for water purification, cooling water, food surface sanitation and odor elimination using proprietary technology and EPA registered products. Avantec® has established channels of distribution with companies in North America, the European Union and Asia.


Jerry A. Minni, Director

Forward Looking Statements

This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "expects", "plans", "estimates", "intends", "believes", "could", "might", "will" or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Avantec to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties which are described under the caption "Note Regarding Forward-looking Statements" and "Key Information - Risk Factors" and elsewhere in Avantec's Annual Report for the fiscal year ended June 30, 2008, as filed on SEDAR at www.sedar.com. The risk factors identified in Avantec's Annual Report are not intended to represent a complete list of factors that could affect Avantec. Accordingly, readers should not place undue reliance on forward-looking statements. Avantec does not assume any obligation to update the forward-looking information contained in this press release.

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

Contact Information

  • Avantec Technologies Inc.
    Jerry A. Minni
    (604) 683-8610
    (604) 683-4499 (FAX)
    Website: www.avantecsafe.com