Entrec Corporation
TSX VENTURE : ENT

Entrec Corporation

January 02, 2013 07:55 ET

ENTREC Appoints John Hudson as Vice President Safety, Training and Risk Management and Grants Employee Share Options

SPRUCE GROVE, ALBERTA--(Marketwire - Jan. 2, 2013) - ENTREC Corporation (TSX VENTURE:ENT) ("ENTREC" or the "Company") is pleased to announce the appointment of Mr. John Hudson as Vice President Safety, Training and Risk Management, effective immediately.

"We are very pleased to welcome John aboard our team," comments John M. Stevens, ENTREC's President and COO. "John is an accomplished leader in his field and brings to ENTREC over 30 years of experience in building strong safety oriented cultures in large organizations."

Mr. Hudson was most recently the CEO of DETAC Corporation, a consulting company specializing in building operational and safety competency programs for organizations. Prior to DETAC Corporation, Mr. Hudson was the Vice President of HSE & Risk Management for Peak Energy Services from 2005 to 2011 after joining that organization in 2000 as the Corporate HSE Manager. Mr. Hudson held a variety of engineering, information systems, safety, and training roles with TransAlta Utilities from 1980-2000. John received his Bachelor of Science in Electrical Engineering in 1980 from the University of New Brunswick and has been a registered Professional Engineer in Alberta since 1982. Mr. Hudson is the past Chair of the Job Safety Skills Society, promoting safety education in Alberta's high schools.

ENTREC Grants Share Options

ENTREC also announces it has granted 1,100,000 share options to key employees, including 500,000 to officers of the Company. The share options are exercisable at a price of $1.53 per share and vest at a rate of 25% per year over four years commencing January 1, 2014. The share options expire on January 1, 2018.

About ENTREC

ENTREC specializes in the lifting, transportation (over the road and on-site), loading, off-loading and setting of overweight and oversized cargo for the oil and gas, construction, petrochemical, mining and power generation industries. The common shares of ENTREC trade on the TSX Venture Exchange under the trading symbol "ENT".

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.

Contact Information

  • ENTREC Corporation
    Rod Marlin
    Chairman & CEO
    (780) 960-5647

    ENTREC Corporation
    John M. Stevens
    President & COO
    (780) 960-5625

    ENTREC Corporation
    Jason Vandenberg
    CFO
    (780) 960-5630