Questor Technology Inc.
TSX VENTURE : QST

Questor Technology Inc.

January 13, 2014 16:05 ET

Questor Technology Inc. Announces Appointment of Richard Pinder to Its Board of Directors

CALGARY, ALBERTA--(Marketwired - Jan. 13, 2014) -

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Questor Technology Inc. ("Questor" or the "Company") (TSX VENTURE:QST) is pleased to announce the appointment of Richard (Dick) Pinder, C.A., to the Company's Board of Directors effective immediately. Mr. Pinder is the fourth independent director of the Company's five member Board and will take over from Mr. James Inkster as Chair of the Audit Committee.

Dick Pinder, CA, ICD.D, has over three decades of broad corporate governance experience as a director of several micro to mid-cap companies in oilfield service, environmental service, industrial, and technology sectors. Growth and international business have been consistent themes in these businesses. His focus has been on audit committee leadership, growth strategy and on governance processes. Dick currently serves as director, audit committee chair, and governance committee member at Newalta Corporation, a Canadian and U.S. environmental services company focused on waste solutions.

Mr. Pinder is President of Kingsmere Corporate Finance Ltd., a corporate advisory and investment company which counsels organizations on strategies and transactions, including mergers and acquisitions, financings and corporate structurings in a wide variety of industries. He is also a director of Saskatoon Trading Company, a private real estate and investment holding company, owned 25% by Kingsmere.

Mr. Pinder has a Bachelor of Commerce degree from the University of Saskatchewan, obtained his Chartered Accountant designation in 1975, has earned the ICD.D designation from the Institute of Corporate Directors, speaks three languages and is an avid golfer.

"I am very pleased to welcome Dick to Questor's Board and I look forward to the additional strategic vision and counsel he will provide as we move the Company into its next phase of growth," said Audrey Mascarenhas, President and CEO of Questor Technology Inc. "He has considerable experience on the Board of a very successful organization in the environmental services arena which has experienced significant growth over the 20 years. His expertise will provide us with keen insight into the right next steps on our own growth trajectory."

Questor has posted to its website (www.questortech.com) an updated Corporate presentation that provides further insight into the company's performance, its growth plans and opportunities.

ABOUT QUESTOR TECHNOLOGY INC.

Questor is an international environmental oilfield service company founded in late 1994 and headquartered in Calgary, Alberta, Canada with a field office located in Grande Prairie, Alberta. The Company is focused on clean air technologies with activities in Canada, the United States, Europe and Asia. Questor designs and manufactures high efficiency waste gas incinerators for sale or for use on a rental basis and also provides combustion-related oilfield services. The Company's proprietary incinerator technology destroys noxious or toxic hydrocarbon gases at 99.99% efficiency, which ensures regulatory compliance, environmental protection, public confidence and reduced operating costs for customers. The technology creates an opportunity to utilize the heat generated from efficient combustion. Questor is recognized for its particular expertise in the combustion of sour gas (H2S). While the Company's current customer base is primarily in the oil and gas industry, its technology is applicable to other industries such as landfills, water and sewage treatment, tire recycling and agriculture.

Questor trades on the TSX Venture Exchange under the symbol "QST".

Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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

  • Questor Technology Inc.
    Audrey Mascarenhas
    President and Chief Executive Officer
    (403) 571-1530
    (403) 571-1539 (FAX)
    amascarenhas@questortech.com