TORONTO, Oct. 8, 2013 /CNW/ - HydraLogic Systems Inc. ("HydraLogic" or the "Company") (NEX: HLS.H - OTC Pink Sheet: HYSYF) today announced that on September 26, 2013 Mr. Andrew Wilson was appointed to the Company's board of Directors and will serve as Chair of the Governance Committee.
The Company further reports that on September 27, 2013, Mr. Michael Beckley resigned as the Company's Chairman and CEO. The Company has appointed Director Mr. Robert Gowans as acting CEO and Chairman of the board until the next Annual General Meeting.
The Company remains on the NEX Board of the TSX Venture Exchange. Trading in the Company's securities remains suspended. The Company remains vigilant in pursuing all available options for the shell.
Forward Looking Statements
This press release contains certain "forward looking statements". These statements relate to future events or future performance and reflect expectations and belief regarding growth, results of operations, performance, business prospects, opportunities or industry performance and trends. These forward looking statements reflect current internal projections, expectations or beliefs and are based on information currently available. A number of factors could cause actual events or results to differ materially from the results discussed in the forward looking statements. Although it is believed that the forward looking statements contained in this press release are based upon reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward looking statements. These forward looking statements are made as of the date of this press release, and HydraLogic Systems Inc. assumes no obligation to update or revise them to reflect new events or circumstances, except as required pursuant to applicable securities laws.
The NEX Exchange does not accept responsibility for the adequacy or accuracy of this news release.
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Richard Gowans CEO