GEA Technologies Ltd.

February 21, 2017 09:38 ET

GEA Technologies Announces Appointment of CEO and Director

CALGARY, ALBERTA--(Marketwired - Feb. 21, 2017) - GEA Technologies Ltd. (NEX:GEA.H) ("GEA" or the "Company") announces that Mr. Antonio Ruggieri, current director of GEA, has taken on the position of President and Chief Executive Officer of the Company. Ruggieri holds a Bachelor's degree in Engineering with Honors from Concordia University and an executive MBA from the University of Calgary.

Mr. Scott Reeves has also joined the board of directors of GEA. Mr. Reeves is a partner with TingleMerrett LLP, a Calgary-based law firm with a focus on securities, corporate finance and commercial transactions for emerging and growth companies, joint ventures and partnerships. He has advised numerous private and public corporations (including registered dealers) in a wide range of business matters including access to capital markets, corporate governance and operational issues both nationally and internationally.

Forward Looking Statements

This news release contains forward-looking statements. The Corporation has provided the forward- looking statements in reliance on assumptions that it believes are reasonable at this time. The reader is cautioned that the assumptions used in the preparation of the forward looking statements may prove to be incorrect. All such forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Corporation's control. Such risks and uncertainties include, without limitation, delays resulting from or inability to obtain required regulatory approval. The actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Corporation will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive.

Trading in the securities of GEA TECHNOLOGIES LTD. should be considered highly speculative.

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

  • GEA Technologies Ltd.
    Robert Thomas, CFO
    (403) 862-7463

    GEA Technologies Ltd.
    Tony Ruggieri, CEO
    (403) 703-8395