BioteQ Environmental Technologies Inc.

TSX : BQE


BioteQ Environmental Technologies Inc.

February 06, 2014 08:30 ET

BioteQ Announces Board and Management Changes

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 6, 2014) - BioteQ Environmental Technologies Inc. (TSX:BQE), a leader in industrial wastewater treatment, announces a number of Board and Management changes.

David Kratochvil, previously BioteQ's President and Chief Technology Officer, will rejoin the Company in the capacity of Interim Chief Executive Officer commencing March 1st, 2014. David's previous experience with BioteQ's technologies will be well known to most shareholders. The BioteQ Board is very pleased to welcome him back in a senior role with the Company.

For personal reasons, George Poling will step down from his capacity as Board Chair, although he will remain on the BioteQ Board. The Company would like to thank George for his many years of stewardship as Board Chair and appreciate him agreeing to continue on as a Board Director.

Peter Gleeson will step up from his previous role as a non-executive member of the Board and will assume an executive management role as Executive Chairman.

Given David's return to BioteQ and the decision to create the role of Executive Chair, the current Chief Executive Officer, Jonathan Wilkinson, will step down from his positions as CEO and Board member. The Board would like to thank Jonathan for his service in these roles.

The changes being announced today are part of a plan that will include renewed emphasis on the development and provision of innovative technical solutions for the mining sector. The plan will also focus on reductions in the Company's cost structure where feasible.

Jonathan will remain with BioteQ in the capacity of Chief Executive Officer until February 28th, 2014 to enable a managed, orderly and effective transition.

BioteQ Corporate Profile

BioteQ is an innovative clean technology leader in global industrial water treatment, serving the mining and energy markets. The company has technology expertise and proven operational capabilities in sulphide precipitation, ion exchange, alkali/lime precipitation, leaching, sulphate removal and SART technology. Over the past decade, BioteQ has designed and commissioned waste water treatment plants at mine sites for leading organizations including Xstrata, Freeport McMoRan, Jiangxi Copper and the US EPA. These plants recover dissolved metals and/or remove substances such as sulphate and selenium, producing clean water and minimizing or eliminating residual waste. BioteQ is headquartered in Vancouver, Canada and trades on the TSX under the symbol BQE. Please visit our website at www.bioteq.ca for additional information.

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Certain information contained herein may not be based on historical fact and therefore constitutes "forward-looking information" under applicable Canadian securities legislation. This includes without limitation statements containing the words "plan", "expect", "project", "estimate", "intend", "believe", "anticipate", "may", "will" and other similar words or expressions. 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, uncertainties and other factors that may cause actual events or results to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the Company's dependence on key personnel and contracts, uncertainty with respect to the profitability of the Company's technologies, competition, technology risk, the Company's ability to protect its intellectual property and proprietary information, fluctuations in commodity prices, currency risk, environmental regulation and the Company's ability to manage growth and other factors described in the Company's filings with the Canadian securities regulators at www.sedar.com (including without limitation the factors described in the section entitled "Risks and Uncertainties" in the Company's Annual Report for the year ended December 31, 2012 and the section entitled "Risk Factors" in the Company's Annual Information Form for the year ended December 31, 2012). Given these risks and uncertainties, the reader is cautioned not to place undue reliance on forward-looking statements. All forward-looking information contained herein is based on management's current expectations and the Company undertakes no obligation to revise or update such forward-looking information to reflect subsequent events or circumstances, except as required by law.

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