Solegear Bioplastics Inc.

Solegear Bioplastics Inc.

February 10, 2011 08:01 ET

Solegear Welcomes Brian Gusko as Incoming CFO

New Expertise at Executive Level to Drive Forward Solegear's Focused Development Plans for 2011

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2011) - Solegear Bioplastics Inc. is pleased to announce that Brian Gusko will be joining the executive team of the company as Chief Financial Officer, effective February 1, 2011. With an MBA from the University of Calgary, Mr. Gusko's international background as a financial controller, capital markets advisor and corporate governor includes roles as CFO, Investor Relations and Director for numerous publicly traded companies.

"We are delighted and honoured to welcome Brian to Solegear. With his appointment, we are in a stronger position to deliver on our objective of becoming an enduring leader in the global bioplastics industry," said Toby Reid, Solegear Founder & CEO. "Not only does Brian have an impressive track record of supporting the growth of entrepreneurial ventures, his business experience and financial expertise will be invaluable as Solegear moves ahead with more extensive operational, commercial and financial plans."

"What drew me to Solegear was not only its award-winning technology and strong marketing platforms, but also the company's commitment to integrity and sustainability throughout its operations," said Mr. Gusko. "My focus will be on financial planning, analysis of pubic markets and raising investment funds that will support Solegear and its ongoing transformation of the plastics industry. I'm excited to be joining the team as it gets going on the next phase of its development."

Solegear is moving ahead into a period of high growth, where it plans to acquire additional customers, deepen supply chain partnerships and add innovative technologies. Management expects to see results generated as soon as the end of Q1 2011, with further significant developments forecasted for Q2 and beyond. "Business in 2011 demands incredibly effective collaboration, internally and externally. With the positive developments on our team, I'm confident about the opportunities that lie ahead for Solegear," added Reid.

About Solegear Bioplastics Inc.

Solegear, based in Vancouver, BC, designs, produces and distributes high-performance bioplastics and biocomposites, as alternatives to petroleum-based plastics. Founded in 2006, Solegear is leveraging patent-pending technology, diverse R&D, entrepreneurial ambition and sustainable business practices to becoming an enduring leader in the bioplastics industry.

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