Questor Technology Inc.
TSX VENTURE : QST

Questor Technology Inc.

June 06, 2013 11:23 ET

Questor Technology Inc. Announces Election of Board of Directors

CALGARY, ALBERTA--(Marketwired - June 6, 2013) -

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Questor Technology Inc. ("Questor" or the "Corporation") (TSX VENTURE:QST) is pleased to announce the final director election results from its 2013 annual general meeting of shareholders. All nominees recommended by management were elected for a term ending at the next annual meeting. The detailed results of the vote are:

Nominee Votes in favor
Paul Drager 96.2%
Alison Earl 96.2%
Jim Inkster 96.2%
Audrey Mascarenhas 96.2%
Michael West 96.2%

Questor would like to express its sincere appreciation to retiring Board members Gerald DeSorcy, Alvin Schreiner and Daniel Motyka for their wisdom, guidance and counsel over the past fifteen years. Under their leadership Questor has grown into a strong profitable company and they will certainly be missed.

Mr. Paul Drager, QC, Ms. Allison Earl, CA, and Mr. Michael West have accepted the Corporation's invitations to become members of Questor's Board of Directors.

Mr. Drager is a senior partner at Norton Rose Fulbright and Honorary Consul in Western Canada for the Republic of Kazakhstan. He devotes his practice to matters relating to international trade law, government relations and international resource issues. He is the recipient of numerous awards and has served as a Canadian diplomat in embassies in Moscow and The Hague. Paul will bring his years of global experience to new situations that Questor will face as it grows internationally.

Ms. Earl is the President and CEO of Advantage Tower Ltd. Previously she was CEO and Board Chair for BCT Structures Ltd, and Vice President and CFO at Longbow Capital. Allison has a strong background in accounting, finance, organizational leadership and capital markets which will contribute greatly to Questor's growth profile.

Mr. West was most recently President, Chief Executive Officer and Director of CE Franklin Ltd. Prior to a decade as CEO there, he was Vice President Sales and Operations at National Oilwell. Mike's background in strategic planning, acquisitions and organizational leadership will be important to Questor achieving its planned growth in North America and internationally.

Mr. Inkster continues with the Board, having already provided fifteen years of insight in assisting management in building the firm base on which the Corporation's growth plans will materialize. Ms. Mascarenhas will also continue to serve on the Board.

Questor welcomes the new Board members and eagerly looks forward to engaging their considerable skills and experience in moving the Corporation forward.

Results for all agenda items from the annual general meeting will be posted on SEDAR shortly.

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, Canada. 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 which ensures regulatory compliance, environmental protection, public confidence and reduced operating costs for customers. 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, this 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.

Contact Information

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