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ESIV Essential Innovations Technology Corporation (CE)

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Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Essential Innovations Technology Corporation (CE) USOTC:ESIV OTCMarkets 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% 0.0001 0.00 01:00:00

Essential Innovations Appoints Salvador Diaz-Verson and James Paterson to Its Board of Directors

14/09/2006 3:30pm

Business Wire


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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.

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