March 22, 2007 10:48 ET

Pontiac Castle Becomes Prosys Tech Corporation and Elects New Directors

MONTREAL, QUEBEC--(CCNMatthews - March 22, 2007) - Prosys Tech Corporation (TSX VENTURE:PNC) (the "Corporation" or "Prosys") announces that following the shareholders vote at the annual and special meeting held on March 8, 2007, the Corporation has proceeded with the change of its corporate name to become Corporation Prosys Tech / Prosys Tech Corporation, formerly Corporation d'Investissements Pontiac Castle / Pontiac Castle Investments Corporation. This change of corporate name is in continuity with the Corporation's qualifying transaction with the shareholders Les Ordinateurs Prosys-Tec Inc. / Prosys-Tec Computers Inc.

At the same meeting, shareholders of Prosys elected the following Directors or renewed their mandate, namely Kerrigan Turner, Georges Hebert, Normand Duval, Daniel Hebert, Pierre-Hubert Seguin, Piero D'Amore, Maurizio Iulianella.

Mr. Kerry Turner, who is Chairman of the Board of Prosys, is President and Chief Executive Officer of Adatif International Inc., a private business bank specialized in managing companies with annual sales ranging between $2 and $20 million. Mr. Georges Hebert is the President of Prosys since 2003 and is a member of various Boards of Directors of recognized corporations, namely those of the Laurentian Bank, Vitran Corp. and MDS Aero Support Corporation. He was also President of Clarke Transport Canada Inc., as well as President and principal shareholder of J.A. Provost Ltee. Normand Duval, attorney, who acted as President of the Corporation until its qualifying transaction, will remain a Director of the Corporation. Mr. Duval, member of the Quebec Bar since 1959, founded his law firm which acts as a legal adviser for various companies regarding civil and commercial law. Mr. Daniel Hebert, a new Director of the Corporation, holds a Ba. Sc. from Acadia University and an M.B.A. from the University of Western Ontario, the Richard Ivey School of Business. Mr. Hebert is a member of the Board of Directors and a member of the Audit Committee of National Medical Health Card, a member of the Executive Committee of Continuum Health Partners and Director of the Gary Klinsky Children's Centers. Mr. Pierre-Hubert Seguin, attorney, Secretary and also a new Director of the Corporation, is a founding partner of Seguin Racine, Attorneys where he practises and heads a team of 20 professionals in securities and transactional law. Mr. Seguin is presently Secretary of the Garda World Security Corporation and its subsidiaries. For his part, Mr. Piero D'Amore is a founder and former shareholder of SPM Micro and he is Vice-President of Information Technologies and Purchasing for Prosys. Finally, Mr. Maurizio Iulianella is the Executive Vice-President of Prosys. He is a founder and former shareholder of SPM Micro and has a solid experience in sales and business development.

Furthermore, Prosys confirms the functions of Ms Christine Goyette, CA, as Chief Financial Officer and Mr Jean-Marc Clement as Vice-president Sales and Marketing.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

Contact Information

  • Prosys Tech Corporation
    Mr. Georges Hebert
    514-255-3454, ext. 270