Omnitech Consultant Group inc.

Omnitech Consultant Group inc.

January 31, 2006 09:00 ET

GCO Announces the Appointment of a New Chairman of the Board and the Creation of New Independent Committees

QUEBEC CITY, QUEBEC--(CCNMatthews - Jan. 31, 2006) - Omnitech Consultant Group Inc. ("GCO") (TSX VENTURE:GCO), announces that at their last meeting, the Board of Directors has appointed Mr. Philippe Collard as Chairman of the Board. Furthermore, GCO announces that two new independent committees have been created, in addition to the already existing audit committee: a corporate governance & compensation committee and a mergers & acquisitions committee.

The audit committee is composed of Mr. Jean Champagne, who chairs the committee, Mr. Andre Duquenne and Mr. Philippe Collard. Mr. Andre Duquenne, Mr. Mario Bertrand and Mr. Jean Champagne will sit on the corporate governance & compensation committee while Mr. Martin d'Amours and Mr. Philippe Collard will form the mergers & acquisitions committee.

"It is important for GCO to have its Board of Directors chaired by an independent director, although this is not a regulatory requirement for a venture issuer. We are pleased that Mr. Collard accepted to act as Chairman of the Board. GCO can only benefit from his considerable management experience" declared M. Claude Belley, Chief Executive Officer of GCO. Philippe Collard was President & CEO of Engenuity Technologies Inc. (TSX:EGY) from 1997 to 2002 and sat on several boards of directors. He currently works as a founding member of Le Link Inc., which provides restructuring consultation services to companies.

"I am glad to and honored to become Chairman of GCO and am anxious to work with the other directors and GCO's management team to keep on developing this company" indicated M. Philippe Collard.

About Omnitech Consultant Group Inc. ("GCO")

GCO operates in the engineering, information technology and systems maintenance sectors. GCO is capable of intervening in all aspects of industrial engineering and information technology (IT), thus combining a major and distinctive niche in comparison with the competition. GCO integrates new technologies or optimizes existing systems by applying cutting-edge expertise currently used in the best practices.

TSX Venture Exchange Inc. assumes no responsibility regarding the relevance or accuracy of this press release.

Contact Information

  • Omnitech Consultant Group Inc.
    Claude Belley
    Chief Executive Officer
    (418) 626-9090
    Omnitech Consultant Group Inc.
    Philippe R. Bertrand
    Vice President, Communications and Public Affairs
    (514) 378-7445