Labrador Technologies Inc.
TSX VENTURE : LTX

Labrador Technologies Inc.

February 22, 2012 08:30 ET

Labrador Announces Appointments of Directors and Officers

CALGARY, ALBERTA--(Marketwire - Feb. 22, 2012) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Labrador Technologies Inc. (TSX VENTURE:LTX) ("Labrador" or the "Company") announced today that Mr. John Redfern has been appointed to the Board of Directors and named as Non-Executive Chairman of the Board. Mr. Redfern received a Bachelor of Science (Engineering Physics) from Queen's University; a LL.B. and B.C.L. Degree from McGill University Law School, and a MBA from INSEAD.

John has had a long track record in the energy data and software niche, having previously been President of AccuMap, QC Data's Petroleum Services, and IHS Energy Inc., as well as a founder and Chairman of Common Data Access Limited. In addition, John has been involved in the tech sector in California and China and has direct oil industry experience in Canada and the UK (most recently as Director of Operations & Trading at Amerada Hess Gas in London). Currently, John is a co-founder and Chairman of Digital Earth, an oil & gas data management consultancy and resides in Shenzhen, China.

The Company is also pleased to announce that Mr. Robert Winsloe has been appointed as Vice President, International Marketing. Mr. Winsloe's thirty year career in the oil and gas industry began with Schlumberger in Indonesia and Australia before he joined the sales team in IBM's UK-based petroleum group. He moved from there to manage the European, African and Middle Eastern marketing and business development operation for Landmark. Prior to co-founding Digital Earth Inc, Robert was Managing Director for IHS Energy's International Division.

Said Ron Sterne, Labrador President and CEO, "With the recent release of eTriever® iPad™ = eTriever® Desktop and the official launch of our 'Mobile Office' campaign, the Company has actively sought prominent Oil & Gas Professionals who can help take us to the next level. Our software is data generic and has been developed to be componentized and "shaped" for a broad spectrum of initiatives, both local and International. Thus, the Company is delighted to have attracted the proven International skill-sets of John and Robert to help us achieve the breakthrough which is long-overdue."

Further, the Company is pleased to announce that Mr. Neil Bothwell has been appointed as the Company's Chief Financial Officer. Mr. Bothwell is the co-founder and Managing Director of Risk Oversight Inc., a specialized firm that offers risk management and internal audit expert services, and was previously Chief Financial Officer of GASFRAC Energy Services Inc. As well, Neil has had a broad range of experience including being a "Big 4" Audit Manager, and consulting with more than 30 publicly listed companies in the areas of risk management, corporate reporting, treasury operations, internal controls, and business advisory services.

In connection with the foregoing appointments, Mr. Jeff Howe has resigned as Chief Financial Officer and Mr. Bothwell has resigned as a director. Mr. Howe will continue as a director of the Company. The Directors thank Messers. Howe and Bothwell for their continuing valuable contributions to the Company.

Labrador® eTriever is a secure, web-based, generic data retriever, which thrives in complex database environments such as the Oil & Gas industry. eTriever® goes well beyond conventional methods of oil and gas data retrieval to provide wireless data access using such devices as the BlackBerry™, the iPhone™, and the iPad™ to create a 'mobile office'.

Neither 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

  • Labrador Technologies Inc.
    Ronald Sterne
    President and Chief Executive Officer
    (403) 263-6325