NXT Energy Solutions Inc. (TSXV:SFD)
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CALGARY, July 11, 2011 /CNW/ --
CALGARY, July 11, 2011 /CNW/ - NXT Energy Solutions Inc. ("NXT")
(TSX-V:SFD; NASDAQ-OTCBB:NSFDF), announces that Greg Leavens has joined
the Company as VP Finance and Chief Financial Officer. Mr. Leavens is
a Chartered Accountant with more than 20 years of experience that has
included senior financial roles within the oil and gas exploration and
production, as well as services sectors. Mr. Leavens was Chief
Financial Officer of Result Energy Inc. from 2003 until November 2009,
subsequent to which he was involved in a variety of consulting roles.
Mr. Leavens is succeeding Ken Rogers, who has served as NXT's VP Finance
and CFO since January 2006. Mr. Rogers is leaving the Company to
pursue other interests.
"The addition of Mr. Leavens to our management team will provide us with
financial and strategic leadership during this period of commercial
expansion," said George Liszicasz, NXT's President and CEO. "NXT and
the Board of Directors want to thank Ken for his contributions that
helped us evolve into a reputable service provider over the past five
years. We look forward to continuing to work with Ken in the future and
wish him the best in his future endeavors."
NXT also announces that it has retained The Equicom Group Inc.
("Equicom") to provide strategic investor relations and communications
services.
Equicom provides strategic communications services to approximately 100
public companies across a diverse range of industries. Under the terms
of the agreement, NXT will pay Equicom a monthly fee of $6,000 for
select strategic communication services. The contract commences
immediately.
Neither Equicom nor any of its principals have an ownership interest,
directly or indirectly, in NXT or its securities, nor has the Company
granted Equicom or its principals any rights to acquire any such
interests. Equicom is a wholly-owned subsidiary of TMX Group Inc.
About NXT Energy Solutions Inc.
NXT is a Calgary based company providing airborne detection solutions to
support international hydrocarbon exploration enabling our clients to
focus their exploration decisions concerning land commitments, data
acquisition expenditures and prospect prioritization onto the areas
with the greatest potential. NXT's proprietary airborne Stress Field
Detection ("SFD®") survey system provides a unique survey method that
remotely identifies potential traps and reservoirs. SFD® is
environmentally friendly and unaffected by ground security issues or
difficult terrain and is effective both onshore and offshore. NXT
provides its clients an efficient and reliable method to conduct
frontier surveys to support exploration. SFD® is the registered
trademark of NXT Energy Solutions Inc.
Forward-Looking Statement
This news release includes a forward-looking statement. When used in
this document, words such as "see", "anticipate" and "scheduled", are
forward-looking statements. Forward-looking statements are subject to
a wide range of risks and uncertainties, and although the Company
believes that the expectations represented by such a forward-looking
statement are reasonable; there can be no assurance that such
expectations will be realized. Any number of factors can cause actual
results to differ materially from those in the forward-looking
statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) nor
NASDAQ OTCBB Exchanges accept responsibility for the adequacy or
accuracy of this release.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/July2011/11/c4479.html
table border="1" cellspacing="0" class="cnwBorderedTable" tr valign="top" td align="left" Greg Leavens, CFO /td td valign="top" align="left" Jeremy Dietz /td /tr tr valign="top" td align="left" NXT Energy Solutions Inc. /td td valign="top" align="left" The Equicom Group /td /tr tr valign="top" td align="left" 505 - 3rd Street, S.W., Suite 1400 /td td valign="top" align="left" 300 - 5th Avenue SW, 10th Floor /td /tr tr valign="top" td align="left" Calgary, Alberta, Canada T2P 3E6 /td td valign="top" align="left" Calgary, AB, Canada T2P 3C4 /td /tr tr valign="top" td align="left" Tel: (403) 264-7020 /td td valign="top" align="left" Tel: (403)218-2833 /td /tr tr valign="top" td align="left" Fax: (403) 264-6442 /td td valign="top" align="left" a href="mailto:jdietz@equicomgroup.com"jdietz@equicomgroup.com/a /td /tr tr valign="top" td align="left" a href="mailto:nxt_info@nxtenergy.com"nxt_info@nxtenergy.com/a /td td valign="top" align="left" /td /tr tr valign="top" td align="left" a href="http://www.nxtenergy.com"www.nxtenergy.com/a /td td valign="top" align="left" /td /tr /table p /p