Innovente appoints Pierre Duval as Vice President

QUÉBEC, Oct. 16, 2013 /CNW Telbec/ - Innovente inc. (TSXV: IGE) ("Innoventé" or the "Corporation") is pleased to announce the appointment of Pierre Duval to the position of Vice President, Projects. Mr. Duval has over 30 years of experience in management of major international projects. A Mechanical Engineering graduate of the Université de Sherbrooke, Mr. Duval served as a senior executive for such major organizations as Hydro-Québec, Atomic Energy of Canada Limited (AECL) and SNC-Lavalin. In particular, he managed the construction of nuclear and hydroelectric power generating stations in Québec, Argentina, Cameroun, Romania, China, South Africa and Morocco.

"We are delighted that we can now count on Pierre Duval's expertise to accomplish our two new plant construction projects, in Trois-Rivières and Matane," said Richard Painchaud, President of Innoventé. "By this appointment, Innoventé is adopting the necessary means to carry out these major projects, on time and within budget."

Appointment of Marjolaine Giasson
Innoventé also wishes to confirm the appointment of Marjolaine Giasson to the position of Vice President, Finance. She had already been appointed on an interim basis in January 2013. Ms. Giasson has over 15 years of experience in accounting, finance and administration. She has a degree in Accounting and holds a MBA from Université Laval (Québec). She is also a Chartered Professional Accountant (CPA, CA).

About Innoventé

Based in Québec City, Innoventé produces renewable energy and provides communities with a green and sustainable solution for the management of organic residues through its technology patented in Canada and the United States. Innoventé's shares are listed on the TSX Venture Exchange under the symbol IGE (TSXV: IGE). www.innovente.ca

Caution Regarding Forward-Looking Information

Certain statements contained in this document, including those that express management's expectations or estimates regarding the Corporation's future performance, are "forward-looking information" within the meaning of applicable securities legislation.  Forward-looking information is necessarily based on a certain number of estimates and assumptions which, while considered plausible by the management when they are made, are inherently subject to significant commercial, economic and competitive risks and uncertainties. We advise investors not to rely unduly on forward-looking information. The Corporation further declines any intention or obligation to publicly update this forward-looking information, whether due to new information, or future or other events.

Neither the TSX Venture Exchange nor its regulation service provider (as these terms are defined in policies of the TSX Venture Exchange) bears responsibility for the adequacy or accuracy of this press release.

SOURCE Innoventé Inc.

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