Eurocontrol Technics Inc.
TSX VENTURE : EUO

Eurocontrol Technics Inc.

April 03, 2006 08:33 ET

Eurocontrol Technics Inc. Announces the Appointment of New President & CEO

TORONTO, ONTARIO--(CCNMatthews - April 3, 2006) -

Completion of Global Fluids International SA Acquisition a Priority

Eurocontrol Technics Inc. (TSX VENTURE:EUO) is pleased to announce the appointment of Mr. W. Bruce Rowlands to the position of President, Chief Executive Officer and Director of the company as of April 1, 2006.

Eurocontrol is a Canadian-based public company in the process of earning a 51% interest in Global Fluids International SA ("GFI"), a world leader in developing and implementing innovative marking systems for the global oil industry. Through GFI's proprietary Petromark™ integral system, GFI has developed a 4-part solution consisting of a marker, injection, monitoring and control components. GFI's innovative-patent-pending authentication solutions include various proprietary components that meet the needs of petrol distributors internationally. GFI has offices in Austria, Israel, Mexico and the US, and its R&D centre is based in Israel.

Mr. Rowlands brings an extensive background in new and emerging technologies, international capital markets and investment banking, and executive communications to his new role as President and CEO of Eurocontrol. Most recently he served as Senior Vice President, Lorus Therapeutics Inc., a public Canadian biopharmaceutical company. Prior to this, Mr. Rowlands worked in the investment industry since 1995 in several senior positions including Vice President & Director of Dominick & Dominick Securities Canada.

"I'm very excited to join the Eurocontrol/GFI team and I look forward to accelerating GFI's Petromark™ authentication marking technology leadership further into the oil industry and other market opportunities," stated Mr. Rowlands. "In a time when oil companies are facing a growing threat from fuel adulteration and theft, GFI's proprietary authentication marking solutions provide comprehensive, state-of-the-art technology that can insure the quality and quantity of fuel products internationally," added Mr. Rowlands.

Dr. Eli Zahavi, Chairman of GFI stated: "Bruce's experience in operations, international capital markets and investment banking with innovative technology companies will be extremely valuable as we accelerate deployment of our propriety authentication technology into new markets beyond our current focus in the oil industry."

Mr. Gadi Gonen, COO of GFI added: "GFI is now well positioned to compete internationally in the emerging authentication industry with its industry-leading patent-pending authentication marking technology and solutions, having applications in numerous markets including the oil industry."

Mr. Gadi Gonen will now assume the position of Vice President and Chief Operating Officer (COO) of the Eurocontrol and will continue to serve as a Director of the company. Mr. Gonen also holds the position of COO with GFI.

About Eurocontrol Technics Inc.

Eurocontrol Technics Inc. a Canadian-based company trading on the TSX Venture Exchange under the symbol "EUO." Eurocontrol is currently a minority owner of Global Fluids International S.A. (www.gfi-petromark.com) and is earning into a 51% interest (see press release dated November 10, 2005).

About Global Fluids International S.A.

Founded in 2001, Global Fluids International S.A ("GFI") is one of the world's pioneers in developing and implementing innovative marking systems for the oil industry. Through its proprietary Petromark™ integral system, GFI has developed a 4-part solution consisting of a marker, injection, monitoring and control components. GFI's innovative authentication solutions include various proprietary components that meet the needs of petrol distributors globally. GFI has offices in Austria, Israel, Mexico and the U.S., and its R&D centre is based in Israel.


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