Enssolutions Group Inc.

Enssolutions Group Inc.

March 02, 2015 16:55 ET

Enssolutions Announces Resignation of CEO and Appointment of Interim CEO

TORONTO, ONTARIO--(Marketwired - March 2, 2015) - Enssolutions Group Inc. (TSX VENTURE:ENV)(PINKSHEETS:NSLSF) ("Enssolutions" or the "Company"), a manufacturer and distributor of environmentally responsible emulsion products for a wide variety of industrial and commercial market demands, announced the resignation today of Mr. Darren Dierich as Chief Executive Officer and the appointment of Mr. James C. Griffiths as Interim Chief Executive Officer. Mr. Dierich is stepping down as Chief Executive Officer in order to focus on the United States operations of the Company's business.

Mr. Griffiths said, "The Board and executive team thank Darren for his contributions as an executive officer of the Company over the past several years and look forward to his upcoming contributions to the Company's U.S. operations."

Mr. Griffiths is currently a member of the Company's Board and Audit Committee, and formerly served as the Chief Financial Officer of the Company from October of 2008 until June of 2011. Mr. Griffiths has been involved with Enssolutions's business since 2003. A chartered accountant with over 35 years of experience in the real estate development and financing industries, Mr. Griffiths is also a member of the Board of Trustees of Allied Properties Real Estate Investment Trust and serves on its Audit Committee.

About Enssolutions

Enssolutions manufactures, distributes and applies environmentally responsible products to meet a wide variety of industrial and commercial market demands. Enssolutions provides engineered environmental solutions for mine tailings control, process dust and erosion control, granular stabilization, road construction/maintenance and stockpile sealing. It has production facilities in Hamilton, Ontario and Phoenix, Arizona that service some of North America's largest mining, steel, cement, and road construction/maintenance companies as well as numerous public road authorities.

For more information on Enssolutions, please visit www.enssolutions.com.

Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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