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ACT

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Share Name Share Symbol Market Type
TSXV:ACT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Active Control Appoints New Management and Adds Director to Board

21/09/2011 1:00pm

Marketwired Canada


Active Control Technology Inc. (TSX VENTURE:ACT) ("Active" or the "Company"), a
leading provider in the design, manufacture and marketing of both wireless and
fiber network solutions for mine communications, and the commercial security and
access control industries, announced today that, Jonathan Emanuel has been
appointed CEO of the Company and Graham Warren has moved to the role of CFO of
the Company on an interim basis. Active is also pleased to announce that Michael
Wolfe has agreed to join the Board of Directors, subject to regulatory approval.
Mr. Wolfe has been appointed Chairman of the Audit Committee.


Jonathan Emanuel has been the CEO of PowerCart Systems Inc. ("PowerCart") since
2008 and during this period has grown both the margins and revenues. Prior to
PowerCart, Jonathan worked on the successful restructuring and sale of a
technology company for one of the leading merchant banks in Toronto. Prior to
this, Jonathan worked in technology companies involved with software development
and/or consulting. During this period he was involved in multiple transactions
either integrating, acquiring or selling companies. Jonathan has held a number
of senior positions including CFO, CIO and CEO. Mr. Emanuel has been intimately
involved in the operations of the Company for the last four months and has
agreed to take on the role of CEO.


Graham Warren has been a Director of Active since 2004 and was the CFO of the
Company until the fall of 2009 and took on the role of interim CEO following the
resignation of Cameron Sturgess in December, 2010. Mr. Warren has handed the
reins of the Company over to Mr. Emanuel.


Michael Wolfe is currently VP Finance at Masstech Group Inc. He is a finance
professional with extensive experience in private equity, business valuation and
accounting, working primarily with mid-market companies. Prior to joining
Masstech, he worked at several prominent private equity firms and two
international accounting firms. Mr. Wolfe is a Chartered Accountant (CA), a
Chartered Business Valuator (CBV) and has a Master of Business Administration
degree.


"Having worked closely with Jonathan Emanuel for the last four months, I am
pleased that he is taking on the responsibility of the CEO of the Company.
Jonathan will be able to devote his full-time attention to integrating the
operations of the Company and PowerCart and realize on the tremendous synergies
and business opportunities available to the merged entities", said Graham
Warren, Active's CFO and former CEO. Jonathan Emanuel, the Company's new CEO
stated: "We are very pleased to welcome Michael Wolfe to Active's Board. His
broad financial experience and background will be a tremendous asset to the
Company and will fill the void created by the resignation of Paul Jaggard."
Jonathan Emanuel further stated: "I look forward to taking on the challenge of
CEO for Active to realize the technological and revenue growth available to the
Company."


About PowerCart 

PowerCart is the original industry founder of mobile power solutions with a
legendary reputation for reliability and on-time delivery with over 30,000 units
sold. PowerCart continues to lead the industry in design and innovation, for
solutions requiring backup and mobile power. PowerCart offers all of its
solutions in the retail, warehousing, courier and mining sectors with a
bumper-to-bumper one year warranty - the best in the industry. PowerCart has
locations in Mississauga, Ontario, Canada, and Medina, Ohio, USA. For more
information, visit www.powercart.com. 


About Active Control Technology 

Active Control Technology is involved in the design, manufacture and marketing
of both wireless and fiber network solutions for mine communications, and the
commercial security and access control industries. The Company has two product
lines: ActiveMine(TM), a fully integrated wireless and/or fiber communications
and locating technology for underground coal mines, and ActiveSecure(TM), a
family of wireless products for the access control industry. Located in
Burlington, Ontario, Canada, Active Control Technology trades publicly on the
TSX Venture Exchange under the symbol ACT. For more information, visit
www.activecontrol.com.


Get more out of your mine.(TM)

Cautionary Note Regarding Forward-Looking Statements: This press release
contains forward-looking statements that involve risks and uncertainties, which
may cause actual results to differ materially from the statements made. When
used in this document, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "estimate", "expect" and similar expressions
are intended to identify forward-looking statements. Such statements reflect our
current views with respect to future events and, as such, are subject to risks
and uncertainties. Many factors could cause our actual results to differ
materially from the statements made, including those factors discussed in
filings made by us with the Canadian securities regulatory authorities. Should
one or more of these risks and uncertainties, such as changes in demand for and
prices for the products of the Company or the materials required to produce
those products, labour relations problems, currency and interest rate
fluctuations, increased competition and general economic and market factors,
occur or should assumptions underlying the forward looking statements prove
incorrect, actual results may vary materially from those described herein as
intended, planned, anticipated, or expected. We do not intend and do not assume
any obligation to update these forward-looking statements, except as required by
law. The reader is cautioned not to put undue reliance on such forward-looking
statements.


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