Semcan Inc.
TSX VENTURE : STT

Semcan Inc.

August 20, 2012 16:01 ET

Semcan Announces the Appointment of Robert J. Tweedy as Chairman and the Addition of Peter Clark to the Board of Directors

TORONTO, ONTARIO--(Marketwire - Aug. 20, 2012) - Semcan Inc. (TSX VENTURE:STT) ("Semcan" or the "Company") announced changes to its board of directors today.

Mr. Robert J. Tweedy was re‐elected to the board of directors at the Company's annual general meeting held on June 28, 2012 (the "AGM"), and was appointed Chairman of the board on the same day. Mr. Tweedy first became a director of Semcan on October 13, 2011.

Following his re‐election to the Company's board at the AGM, Mr. Ian L.T. Conn retired as a director effective August 9, 2012. On August 15, 2012, Mr. Peter Clark was appointed to the board of directors to replace Mr. Conn.

Mr. Tweedy, Chairman, said "I am delighted with the appointment of Peter Clark to the board of directors. Peter's entrepreneurial background and strong operations experience is a valuable addition as Semcan pursues its growth strategy."

Mr. Clark was President and CEO of Clark Shoes from 1969 to 1988 and President and CEO of CPI Plastics Group from 1989 to 2009. CPI Plastics was twice named in the 50 Best Companies list and, in 2004, Mr. Clark was also named Manufacturing Entrepreneur of the Year by the National Post. He has served on numerous public and private boards, including Just Energy, and served for 15 years as Chairman of the Metropolitan Toronto Licensing Commission.

Mr. Tweedy is a director of Dundee Realty Investment Trust (TSE) and Chairman of Aurcana Corporation (TSE Venture). Mr. Tweedy is also an advisor to MaRS, an organization which supports the creation and growth of Canadian companies with innovative technology. Mr. Tweedy started his career as a consultant with McKinsey & Co. Inc., in Toronto, Cleveland and Paris, France. He returned to Toronto to become President of Dufferin Concrete Products Group. From 1977‐80, he was President and Regional Coordinator, Bata Shoe Co. Inc. (U.S.A. & Caribbean). From 1980‐89, he was President & C.E.O. of PCL Industries Ltd., Toronto and then from 1990‐2006 Chairman & C.E.O., Sklar Peppler Furniture Corporation. His affiliations include membership in the World Presidents' Organization and Past Chairman of the Young Presidents' Organization, Ontario Chapter. In 2003 he was awarded H. M. The Queen's Golden Jubilee medal for his work with Care Canada including serving as Chairman. He has an Honours BA from the University of Toronto and an MBA from Stanford University.

About Semcan Inc.

Semcan is a North American supplier of environmental solutions and industrial processes, with specific emphasis on water remediation and emission control systems.

The Company is of the view that environmental considerations and preventative technologies are becoming a prerequisite of most modern industrial expansion, particularly in the mining, oil & gas and power sectors.

The Company's principal focus is the conceptual design, engineering, project management, and assembly and installation of complete bulk material handling systems used to clean up water and control air emissions - from the storage silos, to the conveying systems, to the computerized electronic controls. The systems are utilized internationally in a broad range of industries.

Caution Regarding Forward‐Looking Information

Forward‐Looking Information

This news release contains certain forward‐looking statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions regarding the growth, results of operations, performance, and business prospects and opportunities. Such forward‐looking statements reflect management's current beliefs and expectations and are based on information currently available to management of Semcan. In particular, statements regarding the future operating results and economic performance are forward‐looking statements. Forward‐looking statements involve significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward‐looking statements, including risks outlined under "Risk Factors" in our Annual Information Form, which is posted at www.sedar.com. In evaluating these statements, investors should specifically consider various factors, including such risks as Investment Risk; Business Valuations; Condition of Capital Markets; Dependence on Key Personnel; General Economic Factors; Interest Rate Risk; Competition; and Reliance on Key Suppliers. One or more of these "Risk Factors" could cause actual events or results to differ materially from any forward‐looking statement. These factors should not be considered exhaustive. Although the forward‐looking statements contained in this press release are based on what management of Semcan considers to be reasonable assumptions based on information currently available to them, there can be no assurance that actual events or results will be consistent with these forward‐looking statements, and management's assumptions may prove to be incorrect. These forward‐looking statements are made as of the date of this press release, and none of Semcan nor its directors assume any obligation to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward‐looking statements.

Neither the 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 of this release.

Contact Information

  • Semcan Inc.
    David Deacon
    CEO
    (905) 875-5577