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IVX Inventronics Limited

0.82
0.00 (0.00%)
29 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Inventronics Limited TSXV:IVX 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% 0.82 0.74 0.83 0 01:00:00

Inventronics Announces Resignation of Chief Executive Officer and Closure of Calgary Office

28/04/2011 10:48pm

Marketwired Canada


Inventronics Limited ("Inventronics" or the "Corporation") (TSX VENTURE:IVX), a
designer and manufacturer of custom enclosures for the telecommunications,
electric transmission, cable television and other industries in North America,
today announced its President & CEO, Mr. Dan Stearne, for personal reasons, will
be stepping down from his position with Inventronics effective May 31, 2011. Mr.
Stearne will remain as a member of the Board of Directors of Inventronics. A
replacement for this position has not yet been announced. As a result of Mr.
Stearne's departure, Inventronics will close its Calgary, Alberta office and
consolidate all administration at its Brandon, Manitoba location.


About Inventronics

Inventronics Limited designs and manufactures custom enclosures and other
products for an array of customers in the telecommunications, electric utility,
cable television, electronics and computer services industries in North America.
The Corporation owns its ISO 9001-registered production facility in Brandon,
Manitoba.


Shares of Inventronics trade on the TSX Venture Exchange under the symbol "IVX."
For more information about the Corporation, its products and its services, go to
www.inventronics.com.


Disclaimer

This news release may contain forward looking information that represents the
Corporation's internal projections, expectations, estimates or beliefs
concerning, among other things, future operating results and various components
thereof or the Corporation's future economic performance. These statements
relate to future events or future performance. All statements other than the
statements of historical fact may be forward-looking statements. In some cases,
forward-looking statements can be identified by terminology such as "may",
"will", "should", "expects", "projects", "plans", "anticipates", and similar
expressions. The projections, estimates and beliefs contained in such
forward-looking statements are based on management's assumptions relating to the
production performance of Inventronics' assets, the cost and competition
throughout the telecommunications industry and the continuation of the current
regulatory and tax regimes in the jurisdictions in which the Corporation
operates, and necessarily involve known and unknown risks and uncertainties,
including risks and assumptions relating to exchange rates, costs of production,
outlook for sales, and other factors that may cause actual performance and
financial results in future periods to differ materially from any projections of
future performance or results expressed or implied by such forward-looking
statements. Accordingly, readers are cautioned that events or circumstances
could cause results to differ materially from those predicted. Except as
otherwise required under applicable securities laws, the Corporation does not
undertake to update any forward-looking information in this document whether as
to new information, future events or otherwise.


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