Essential Innovations Te... (CE) (USOTC:ESIV)
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Essential Innovations Technology Corp. (OTCBB: ESIV) has
appointed Salvador Diaz-Verson and James Paterson to its Board of
Directors, increasing the size of the board to seven members.
Mr. Diaz-Verson, 54, is the founder and principal of Miramar
Securities, a registered broker-dealer, the founder and owner of
Diaz-Verson Capital, LLC, which provides services to public and
private pension funds, insurance companies, and individuals, and the
founder and chairman of United Americas Bank, a national bank
headquartered in Atlanta, Georgia.
Mr. Diaz-Verson was the President and Chief Investment Officer of
American Family Corporation, now known as AFLAC, Inc. until 1991, when
he left to form Diaz-Verson Capital. Mr. Diaz-Verson is also the
founder and Chairman of Salvaco, a research and development company, a
director and minority owner of Clemente Capital, a money management
firm, and a director of SIP MULTI MEDIA Inc., a communication and
network company. Mr. Diaz-Verson is a graduate of Florida State
University.
The other new board member, James Paterson, 36, is an investment
banker at Jefferies & Company, Inc., an investment bank headquartered
in Los Angeles, California. The Company provides financial advisory
services to growth-oriented, mid-size companies. These financial
advisory services include the structuring and execution of acquisition
financing, recapitalizations, and refinancing in both the private and
public debt markets.
Prior to March 2006, Mr. Paterson was a portfolio manager at GE
Capital in Los Angeles, California. His previous experience includes
positions as an investment banker at Montgomery & Co., Inc., in Los
Angeles, California, and at Banc of America Securities, LLC, in New
York, New York.
Mr. Paterson holds an Honors Bachelor of Arts in Business
Administration from the University of Western Ontario's Richard Ivey
School of Business, and a Master of Business Administration from the
University of Michigan's Ross School of Business.
William Baumgartner has resigned from the board, effective
September 1, 2006, due to personal commitments.
About Essential Innovations Technology Corp.
Essential Innovations is a Geoexchange Energy Service Company that
utilizes proprietary turnkey Geoexchange systems and solutions to
deliver heating, cooling and dehumidification, as well as domestic hot
water to residential, commercial and institutional applications. The
Company's unique "one-stop-shop" approach to Geoexchange technology
applications incorporates all the requisite pockets of technological
expertise required for "best-practices" design and implementation in
one integrated package.
Essential Innovations currently has operations in the United
States, Canada and Hong Kong; exclusive distributors in Canada and
Mexico; and exclusive and non-exclusive sales agents in Mexico,
Hungary, China and Alaska. Additional information may be found at
www.eitechcorp.com and www.earthsource.ca.
FORWARD-LOOKING STATEMENTS: This news release contains
"forward-looking statements," as that term is defined in Section 27A
of the United States Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. Statements in this press release,
which are not purely historical, are forward-looking statements and
include any statements regarding beliefs, plans, expectations or
intentions regarding the future. Investors are cautioned that such
forward-looking statements involve risks and uncertainties. These
statements include, but are not limited to, statements that do not
describe historical facts and statements that include the word
"believes," "anticipates," "expects," "plans," "intends," "designs,"
"projects" or similar language, as well as statements regarding
consumer or marketplace acceptance of the Company's new or existing
products; comments concerning marketing and consumer acceptance of
proprietary products; the potential benefits of Essential Innovations'
products; initiatives undertaken by the Essential Innovations'
divisions; the Company's research, manufacturing and facilities
expansion programs; and the Company's growth, revenue, or projected
earnings; all such statements which may or may not occur in the
future. These forward-looking statements are made as of the date of
this news release, and Essential Innovations Technology Corp. assumes
no obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those projected in
the forward-looking statements. Investors should consult all of the
information set forth herein and should also refer to the risk factors
disclosure outlined in our periodic reports filed from time to time
with the Securities and Exchange Commission.