OTTAWA, March 4 /CNW Telbec/ - Clearford Industries Inc. ("Clearford", TSX-V: CLI) announced today the appointment of C. Ian Ross to its Board of Directors. Mr. Ross is currently a Director at PetValu Inc., Menu Foods Income Fund, Ontario Power Generation, and Comcare Canada Limited. Mr. Ross has a Bachelor of Arts degree from the University of Western Ontario, and a Bachelor of Laws degree from the University of Toronto. Rod Bryden, Chairman of the Board at Clearford commented, "The appointment of Ian Ross adds his extensive business experience and insight to Clearford's Board of Directors, and we welcome his addition."
As part of his compensation, Mr. Ross has been granted options to buy 50,000 shares at forty cents a share, vesting 25,000 at each of the first and second anniversary of his appointment.
Upon the appointment of Mr. Ross to the Board, Michael Gerrior has resigned as Director. Mr. Gerrior had agreed to sit on the Board until a suitable independent Board member could be found. "Mr. Gerrior has been a valued contributor on our Board, and we thank him for his commitment to Clearford," said Mr. Bryden.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release. No Securities Commission or other regulatory
authority having jurisdiction over Clearford has approved or disapproved
of the information contained herein.
About Clearford Industries Inc.
Clearford Industries Inc. is comprised of two divisions: the Wastewater Systems Division and the Brooklin Concrete Division. The Wastewater Systems Division designs and implements the patented Small Bore Sewer(TM) (SBS(TM)), a watertight small diameter wastewater collection system for developers, municipalities and First Nations communities who need to create, expand or upgrade their sewage systems. This solution provides servicing with superior operational and environmental performance at a significantly lower cost when compared to historic gravity sewers. With its first installation in 1989, the SBS(TM) has since had several installations within Canada and the U.S. The Brooklin Concrete Division has been in operation since 1952, with 4 locations in Ontario, including: Brooklin, Newmarket, Huntsville and Haliburton. A leading producer of septic tanks in Ontario, Brooklin manufactures precast concrete products ranging from interlocking pavers and patio slabs, to retaining walls and storage structures. For more information on Clearford Industries Inc., please visit www.clearford.com.