Labrador Technologies Inc.
TSX VENTURE : LTX

Labrador Technologies Inc.

July 12, 2013 15:44 ET

Labrador Announces Election of Directors and Appointment of Officers

CALGARY, ALBERTA--(Marketwired - July 12, 2013) -

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Labrador Technologies Inc. (TSX VENTURE:LTX) ("Labrador" or the "Corporation") is pleased to announce that at the Corporation's annual general meeting which was held on July 2, 2013, the Corporation's shareholders re-elected H. Ronald Sterne, George A. Wilson and Jeff Howe as directors of the Corporation. In addition, the Corporation's shareholders elected Peter Huggard and Bruce MacDonald as directors of the Corporation.

Mr. Peter Huggard is a retired business professional with 35+ year's experience of providing consulting and innovative solutions to the Oil & Gas industry. He is a retired Partner of PricewaterhouseCoopers LLP and a retired Charter Accountant. Most recently Mr. Huggard was the President of Qbyte Services Ltd., a prominent software company providing business solutions to the Canadian Oil & Gas industry, from July 1990 to July 2005 and Senior Vice-President Canadian Operations of P2 Energy Solutions, a Global Oil & Gas software company providing business solutions focused on optimizing clients' assets, from July 2005 to August 2011.

Mr. Bruce MacDonald has 30+ years of business experience both directly in the Oil & Gas industry and in providing software solutions to the industry. Most recently Mr. MacDonald was Vice-President Qbyte Services Ltd. from July 1990 to July 2005, holding various senior positions, and Senior Vice-President Global Customer Support of P2 Energy Solutions, from July 2005 to February 2013. Subsequent to Mr. Huggard's retirement from P2, Mr. MacDonald was also appointed leader of P2's Canadian Operations. Mr. MacDonald is a member of the Institute of Chartered Accountants of Alberta.

The Corporation is also pleased to announce that Mr. Bruce MacDonald has been appointed as the Corporation's President and Chief Financial Officer.

In connection with the foregoing appointment, Mr. Jeff Howe has resigned as Chief Financial Officer of the Corporation. Mr. Howe will continue as a director of the Corporation. The directors wish to thank Mr. Howe for his continuing valuable contributions to the Corporation.

Labrador® eTriever™ and wellTriever™ are secure, web-based, generic data retrievers, which thrive in complex database environments such as the Oil & Gas industry. eTriever and wellTriever go well beyond conventional methods of oil and gas data retrieval to provide data access using computers, tablets, and smartphones.

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.
    Bruce MacDonald
    President and Chief Financial Officer
    (403) 607-7128