TORONTO, ONTARIO--(Marketwire - Oct. 10, 2012) - Semcan Inc. (TSX VENTURE:STT) ("Semcan" or the "Company") announced today that Mr. Remy Stachowiak, President of the operating division STT Stanco, has left the Company as of October 10, 2012.
As a result of Mr. Stachowiak's departure, the Company will make some changes to its organizational structure. At the senior level, Mr. John Greig will be promoted to President of the newly defined STT Stanco Tanks division, reporting directly to David Deacon, CEO. Fraser Bringeland will become Director of Sales and Darren Farnworth will become Director of Business Development for STT Stanco, and both will also report directly to the CEO.
"We wish Remy the very best in his future endeavours, and appreciate his contribution to the Company during the past four years," said Mr. David Deacon, CEO of Semcan.
About Semcan Inc.
Semcan is a North American supplier of environmental solutions and industrial processes, with specific emphasis on water remediation and emission control systems.
The Company is of the view that environmental considerations and preventative technologies are becoming a prerequisite of most modern industrial expansion, particularly in the mining, oil & gas and power sectors.
The Company's principal focus is the conceptual design, engineering, project management, and assembly and installation of complete bulk material handling systems used to clean up water and control air emissions- from the storage silos, to the conveying systems, to the computerized electronic controls. The systems are utilized internationally in a broad range of industries.
Caution Regarding Forward-Looking Information
This news release contains certain forward-looking statements. These statements relate to future events or future performance and reflect management's current expectations and assumptions regarding the growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and expectations and are based on information currently available to management of Semcan. In particular, statements regarding the future operating results and economic performance are forward-looking statements. Forward-looking statements involve significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking statements, including risks outlined under "Risk Factors" in our Annual Information Form, which is posted at www.sedar.com. In evaluating these statements, investors should specifically consider various factors, including such risks as Investment Risk; Business Valuations; Condition of Capital Markets; Dependence on Key Personnel; General Economic Factors; Interest Rate Risk; Competition; and Reliance on Key Suppliers. One or more of these "Risk Factors" could cause actual events or results to differ materially from any forward-looking statement. These factors should not be considered exhaustive. Although the forward-looking statements contained in this press release are based on what management of Semcan considers to be reasonable assumptions based on information currently available to them, there can be no assurance that actual events or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements are made as of the date of this press release, and none of Semcan nor its directors assume any obligation to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.