Eurocontrol Technics Group Inc.
TSX VENTURE : EUO

Eurocontrol Technics Group Inc.

September 04, 2012 11:24 ET

Eurocontrol Announces Appointment of CFO

TORONTO, ONTARIO--(Marketwire - Sept. 4, 2012) -

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Eurocontrol Technics Group Inc. (TSX VENTURE:EUO) ("Eurocontrol" or the "Company"), a Canadian public company specializing in the acquisition, development and commercialization of innovative authentication, verification and energy security technologies, through its wholly owned subsidiary Global Fluids International S.A. ("GFI"), today announced that Andres Tinajero has joined the Company as its Chief Financial Officer effective August 31, 2012.

Andres Tinajero has over 15 years of business experience supporting a broad range of industries including mining, not for profit, manufacturing and retail. During his career he has established a strong accounting and business skill set gained from his initial positions in the public sector working for the International Monetary Fund / State Bank as a Risk Manager and the United Nations World Food Program as Financial Director to senior finance positions for private and public companies involved in the extractive industries. Andres Tinajero has served as Vice President of Finance and CFO of a number of start-ups and medium sized public companies across Canada. He holds a degree in Business Administration and an MBA and he is a member of the Canadian Institute of Certified Management Accountants, the Certified Practicing Accountants Association of Australia and he is a certified member of the Institute of Corporate Directors.

Bruce Rowlands, Chairman and Chief Executive Officer stated, "The Eurocontrol team is looking forward to working with Andres. His extensive experience will be beneficial to Eurocontrol as we progress our business. On behalf of the Board of Directors, I would like to thank Greg Duras, our former CFO, for his commitment to Eurocontrol over the past five years."

About Eurocontrol Technics Group Inc.

Eurocontrol has three wholly owned subsidiaries: GFI, Xenemetrix and XwinSys Ltd. GFI and Xenemetrix are global pioneers in developing and implementing innovative molecular marking systems for the oil industry. Through the proprietary Petromark™ integral system, GFI has developed a four-part solution consisting of a molecular marker, injection, monitoring and control components. Such oil industry cost realities along with GFI's ten-year research and development efforts to create its industry-leading marking solutions, along with access to capital provided by Eurocontrol allows management to pursue numerous anticipated oil marking opportunities in 2012 and in years to come. XwinSys Ltd. is currently developing intellectual property that will combine 2D and 3D image processing technology, from Brossh Inspection Systems Ltd. of Israel, with Eurocontrol's subsidiary Xenemetrix Ltd.'s Energy-Dispersive X-ray Fluorescence ("EDXRF") technology.

For further information on Eurocontrol, please visit the Company's website at www.eurocontrol.ca.

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