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ESV

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Share Name Share Symbol Market Type
TSXV:ESV 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 -

ESI Appoints New Board Members

18/04/2011 8:48pm

Marketwired Canada


E. S. I. Environmental Sensors Inc. ("ESI" or the "Company") (TSX VENTURE:ESV)
is pleased to announce the appointment of Stephan Radermacher and Johan Grandin
to the Board of Directors for the Company. The Company continues to execute its
new strategy with regard to board and executive management restructuring as well
as innovative market driven product development.


Stephan Radermacher brings 20 years of industrial management experience to the
Board and will act as its Chairman. A business lawyer by education with law
degrees from Germany (Munich LMU) and the U.S. (Duke), he has held various
executive officer positions in private as well as in large international public
corporations, among them ABB Power Generation, a global business with several
hundred subsidiaries. Focusing on business development and corporate
restructuring, Mr. Radermacher most recently joined an international consultancy
as Managing Partner. In 2010 he assumed the role of Board Member and Chief
Operating Officer of Avis Financial Corporation, which has recently acquired
30,000,000 common shares of ESI along with 30,000,000 share purchase warrants. 


Johan Grandin has over 20 years of experience working with public companies and
a proven track record in raising venture capital. Currently working with Element
and Associates of Vancouver, BC, a full service corporate finance company, Mr.
Grandin brings an extensive expertise in corporate financial restructuring and
capital markets to ESI. Through his past officer and director positions for
various public issuers, Mr. Grandin has learned to streamline growth initiatives
with precision. Having also worked in the field of engineering, Mr. Grandin
holds a Masters of Science degree in Business Economics and Engineering Physics.


In addition to the above changes, Ian Middleton, Nicolas Loebel and Edwin
Mitchell are voluntarily stepping down from the Board of Directors for ESI; they
will continue to provide advisory support to ESI's Board and executive
management going forward. These directors have achieved much during their terms,
both in terms of financings and product development milestones, as well as
seeing ESI through some difficult financial times. The Company is extremely
thankful for the dedication and perseverance all three of these directors have
demonstrated throughout their years of service to the Company and its
shareholders.


The new Board of Directors and executive management team look forward to
continuing with recent product development initiatives and enhancements as they
move the Company to financial and market success.


About Avis Financial Corporation

As an international business developer, Avis Financial provides a comprehensive
package of services to its portfolio companies and supports them with its
business network and extensive expertise. Avis Financial's services include
capital and operational restructuring, business development and placement
preparation. For further information on Avis Financial, please visit their
website at www.avisfinancial.com.


About ESI

ESI is a leading manufacturer of patented and proprietary solutions for
environments where understanding the presence, movement, and/or amount of water
are important. Major market sectors include: agriculture, golf and turf,
scientific research, civil engineering, mining, environmental monitoring and
crude oil production. ESI solutions have been successfully introduced into more
than 40 countries to enable customers to optimize their operations by monitoring
the presence and movement of water, managing irrigation systems, and monitoring
the integrity of landfill covers. In addition, ESI's Flo.Point(TM) instrument
has been deployed in the oil industry to measure the volumetric presence of
water pumped during crude oil extraction for characterization and optimization
of the process. ESI differentiates itself by translating the best technology and
science available into practical, easy to use solutions. Irrigation managers,
reservoir engineers, and scientists have adopted ESI's products for their
accuracy, ease of use, repeatability, and ability to operate in challenging
environments. ESI is publicly traded on the TSX Venture Exchange under the
symbol "ESV". Further information about ESI may be obtained through the
Company's website at www.esica.com.


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