SOURCE: Ikona Gear International

April 22, 2008 12:00 ET

Ikona Gear Adds Wadah M. Al-Taha to Board of Directors

COQUITLAM, BC--(Marketwire - April 22, 2008) - Ikona Gear International, Inc. (OTCBB: IKGI), an innovator of compact, lightweight, oil and gas machinery and gearing technology, is pleased to announce that Wadah M. Al-Taha has been appointed a director of Ikona Gear International.

"Wadah M. Al-Taha is a seasoned executive whose depth of experience in strategic planning, financial expertise and executive leadership greatly enhances the Ikona Board," said Laith Nosh, Ikona's Chairman and CEO. "Wadah has also served in various planning, strategic development and executive capacities for financial service companies, governmental agencies and universities for more than 20 years. In addition, his growing involvement with private equity and technology companies provides experience that will benefit Ikona Gear as it moves toward expanded commercialization of its technology."

Nosh continued, "Over the last 12 months Wadah has been instrumental in raising in excess of $3 million for Ikona."

Mr. Al-Taha, 49, joins the Ikona Board as an independent member. He is a member of the Brokers' Committee of the Dubai Financial Market, and is a member in many international professional associations. Mr. Al-Taha holds a B.Sc. and M.Sc. in Accounting. He is a Chartered Financial Management Analyst (American Academy of Financial Management), a Certified Business Manager (Association of Professionals in Business Management, U.S.), and a Certified Financial Consultant.

About Ikona Gear International, Inc.

Ikona Gear is a knowledge-based company with innovative and proprietary products targeting two significant markets: oil and gas field machinery and gearing and power transmission applications. The company provides a family of mud pump gear drives, hoisting drawworks and speed increasers that have established new standards within the oil and gas industry for their efficiency, weight and small footprint on the drilling platform. The company's unique patented gear technology enables engineers to design gear products with a higher power-to-weight ratio, increased control and precision of gear movement, extremely high input-to-output speed ratios and generally superior application performance over standard gearing systems. It is best suited for applications with deep ratio requirements and weight and size constrains such as the automotive industry, satellite communications equipment, robotics and medical devices. Ikona trades on the OCTBB trading system under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "lG2." For more information, please visit www.ikona.ca.

Contact Information

  • Investor and Media Relations Contact:
    Marty Tullio
    McCloud Communications, LLC
    949.553.9748
    Email Contact

    Company Contact:
    Scott Rose
    Ikona Gear International
    604.523.5507
    Email Contact