Questor Technology Inc.
TSX VENTURE : QST

Questor Technology Inc.

February 13, 2013 11:00 ET

Questor Technology Inc. Announces New Chief Financial Officer

CALGARY, ALBERTA--(Marketwire - Feb. 13, 2013) -

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Questor Technology Inc. ("Questor" or the "Company") (TSX VENTURE:QST) is pleased to announce the appointment of Mr. Kim R. Hubick, C.A., as Chief Financial Officer and Corporate Secretary. Kim brings with him over 35 years of financial experience to the role most recently as General Manager - Canada and CFO at Enflow Industries Inc. He has led the finance and accounting functions with companies of various sizes and industries that include Enerchem International Inc., Enmax Corporation, AltaGas Income Trust and Canadian Pacific Railway. He is a Director for Blaze Energy Ltd., and is Chair for the Wood's Homes Society Board.

"Kim's knowledge and experience strongly complements the current management team as the Company continues to enhance shareholder value through the successful execution of its strategic business plan," said Audrey Mascarenhas, President and Chief Executive Officer of Questor.

The Board of Directors wishes to welcome Kim and looks forward to his leadership and contribution to Questor in the future.

Questor is pleased to also announce that the company was selected as a 2013 TSX Venture 50â company. "The TSX Venture 50® are the top 10 companies listed on the TSX Venture Exchange, in each of five major industry sectors - mining, oil & gas, technology & life sciences, diversified industries and clean technology - based on a ranking formula with equal weighting given to return on investment, market cap growth, trading volume and analyst coverage. All data was as of December 31, 2012." Questor achieved a 44% growth in share price over that period.

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 the sulfur compounds (primarily H2S) in sour gas. 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.

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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