Calgary, Alberta, January 12, 2009 – Aqua-Pure Ventures Inc. (AQE on the TSXV) announces that Karim Teja will be replacing Peter Kinash as the Company’s Chief Financial Officer.
Since September 2007, Karim has been a consultant advising technology companies on financial, operational and strategic matters. From June 1999 to September 2007, he served as an officer of Imaging Dynamics Company Ltd. (”IDC”), a TSX listed technology company with international operations. From June 1999 to June 2006 Karim was the Chief Financial Officer at Imaging Dynamics and from June 2006 to September 2007 he was the Chief Operating Officer. During Karim’s tenure at IDC revenue grew from $0 to over $30 million, and Karim was instrumental in completing several significant financing transactions.
Mr. Teja has extensive experience in technology commercialization, financing and public company management. Prior to working with Imaging Dynamics, Mr. Teja was the Chief Financial Officer of Erasoft Technologies Inc., – a private software company where he helped negotiate its successful sale to NASDAQ traded Viasoft Inc.
The board, management and staff would like to recognize and thank Mr. Kinash for his substantial contributions to the Company while serving as CFO. Mr. Kinash will remain available as an advisor to the board.
Aqua-Pure is a leading provider of industrial and municipal wastewater services and technology solutions that ensure environmental sustainability through utilization of patented and proprietary technologies. The Company’s common shares are listed on the TSX Venture Exchange under the trading symbol “AQE”.
For more information, please contact info@aqua-pure.com or:
Richard Magnus
Chairman
Tel: (403) 301-4123
Cell: (403) 471-8733
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.