CarbonOne Technologies Inc.

CarbonOne Technologies Inc.

June 20, 2016 07:30 ET

CarbonOne Technologies Appoints Mr. Nick Deeter as Director and Chief Strategy Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 20, 2016) - CarbonOne Technologies Inc. (TSX VENTURE:CX) ("CarbonOne" or the "Company") is pleased to announce that the Company has appointed Mr. Nick Deeter to the Board of Directors and to the position of Chief Strategy Officer.

In his capacity as Chief Strategy Officer and a Director of CarbonOne, Mr. Deeter will offer strategic advice related to business development and marketing, and will take a lead role in assessing and advising the Company with respect to new corporate opportunities.

Mr. Deeter brings more than 30 years of business leadership experience to his role with CarbonOne, having founded, financed, invested in and grown numerous companies, focused primarily in the health care industry. Mr. Deeter has held senior executive positions and board seats with a number of leading medical device companies, where he was instrumental in developing and commercializing medical innovations. Mr. Deeter earned a B.Sc. from Purdue University and an MBA from Case Western Reserve University. Mr. Deeter is currently Chairman of Cardinal Services, Inc. and Chairman & CEO of Timberlane Ventures Inc., an investment company that Mr. Deeter founded more than 25 years ago. He has also served for six years on the Executive Committee and Board of Trustees of the Corporate Partnership for Economic Growth in Indiana.

On May 24, 2016, CarbonOne announced that it has entered into a binding agreement to acquire the TekModo group of companies. TekModo is an established manufacturer and distributor of advanced composite panels for use in the recreational vehicle, bus, marine and commercial transportation vehicle industries. TekModo's head office and manufacturing facility, and the majority of its customers, are based in the region of Elkhart, Indiana.

"Mr. Deeter's business and marketing expertise, coupled with his strategic business relationships in the State of Indiana, will be invaluable as CarbonOne focuses on expanding TekModo's market share and commercializing new products," said John Proust, Chairman and Chief Executive Officer of CarbonOne. "On behalf of the Board of Directors, I welcome Mr. Deeter to the CarbonOne team."

On Behalf of the Board of CarbonOne Technologies Inc.

John Proust, Chairman & CEO

The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Notes Regarding Forward-looking Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed by such forward-looking statements or forward-looking information, including the business of the Company, CarbonOne's financial situation and its ability to continue as a going concern, CarbonOne and TekModo's ability to advance their products to commercialization and cash flow, and CarbonOne and TekModo's ability to capitalize on additional business opportunities. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward looking information. The Company does not undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

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