Questor Technology Inc.
TSX VENTURE : QST

Questor Technology Inc.

July 27, 2015 12:14 ET

Questor Technology Inc. Announces Interim CFO and Corporate Secretary

CALGARY, ALBERTA--(Marketwired - July 27, 2015) -

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Questor Technology Inc. ("Questor" or the "Company") (TSX VENTURE:QST) announced today announced that Mrs. Susan J. Senn has been appointed as the Interim Chief Financial Officer and Corporate Secretary of the Company effective July 27th, 2015.

Mrs. Senn has over 30 years of experience leading finance teams. Most recently, she served as Chief Financial Officer for Global Public Affairs Inc., Canada's largest privately held, fully integrated public affairs firm providing integrated crisis & reputation management, government relations, stakeholder relations and strategic communications counsel and consulting services. Mrs. Senn holds a CPA, CA designation. She is a member of the CPA Canada Financial Literacy Western Advisory Board.

Ms. Mascarenhas, President and Chief Executive Officer, stated, "Susan is a strong leader with a solid background and we are delighted that she has taken on the role of Interim CFO." Susan will serve in this role as the company continues its search for a long term strategic CFO to assist in the growth of the company. Mrs. Senn is a candidate for the role.

ABOUT QUESTOR TECHNOLOGY INC.

Questor is an international environmental oilfield services provider 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 combustion 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 enables 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). The technology creates an opportunity to utilize the heat generated from efficient combustion which can be been used for water vapourization, process heat and power generation, through ClearPower Solutions (a subsidiary of Questor). While Questor's current customer base operates primarily in the crude oil and natural gas industry, the Company's combustion 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.

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