Computer Modelling Group Ltd.

Computer Modelling Group Ltd.

October 03, 2011 07:00 ET

Computer Modelling Group Announces Appointment of Vice President

CALGARY, ALBERTA--(Marketwire - Oct. 3, 2011) - Computer Modelling Group Ltd. (TSX:CMG) ("CMG" or the "Company") is pleased to announce the appointment of Ryan Schneider as Vice President, Marketing, effective today.

Mr. Schneider joins CMG from Acceleware Ltd., a TSX Venture-listed company where he served as Chief Technology Officer since its inception in 2004. In 1998, Mr. Schneider co-founded Vortex Computing Inc., a consulting company and value-added reseller in the high performance computing market, where he was President until 2004. Mr. Schneider also spent time as a researcher at the University of Calgary where he investigated a technology to speed up computer simulation; studies which ultimately led to the founding of Acceleware. Mr. Schneider holds Bachelor of Science and Master of Science degrees in Electrical Engineering from the University of Calgary.

"I am pleased to welcome Ryan to our executive team," said Ken Dedeluk, President and Chief Executive Officer. "Ryan brings extensive technical expertise with in-depth knowledge of our industry, as well as a proven track record of bringing products to market on a global scale."

Dan Dexter has stepped down as Vice President, Marketing of CMG to accommodate the appointment of Mr. Schneider. This move is aimed at providing an appropriate transition period as Mr. Dexter has indicated to the Board of Directors his intention to retire prior to the end of the calendar year. Mr. Dexter will remain Vice President, Canada until his retirement.

Computer Modelling Group Ltd. is a computer software technology and consulting company serving the oil and gas industry. CMG, recognized by oil and gas companies worldwide as a leading developer of reservoir modelling software, has sales and technical support services based in Calgary, Houston, London, Caracas and Dubai. CMG is the leading supplier of advanced processes reservoir modelling software in the world with a blue chip client base of international oil companies and technology centers in approximately 50 countries. The Company's shares are listed on the Toronto Stock Exchange under the trading symbol "CMG."

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