Glenbriar Technologies (fka GBRT)

[RichieBoy]

No worries bearbait thanks

Yes I can definitely draw similar parallels but he did say the German partners had moved on for another possible industrial investor and one of the new hires is very familiar with the financing. So I guess he has reason to be optimistic financing progress could turn around faster than most seem able to understand IMHO?

Anyways as predicted that Latimer 150,000 share sell order definitely seems to be gumming up the works although the spread got chipped away at yesterday that could be an obstacle for a while T/A speaking.

Rob has always been a great listener/converstionalist in my experience also and his honesty genuine concern for shareholders and experience are definitely the stronger reasons keeping me in this. Here again is his strategy and commitment to this type of financing in that new director Peter Vateresian from Halifax.

Hang in there bearbait this has the ability to turn around post haste IMHO

Cheers....Rich

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Glenbriar Technologies Inc. is pleased to announce the appointment of Peter Varteresian of Halifax, Nova Scotia to its board of directors.

"Mr. Varteresian is the second appointment to our board in two weeks, and represents a proactive effort to bring in some fresh ideas and independence to the Glenbriar board. Peter's experience is well rounded, from being an investment advisor and financial planner with major firms to setting up and managing small public companies. Peter has developed a good list of contacts, having been stationed in Vancouver, Toronto and Halifax over the last 10 years," noted Glenbriar's CEO, Robert Matheson. "Peter will also be able to provide us with more depth in seeking opportunities for creative financing."


Before launching MPV Capital, a private financial consultancy, in Halifax earlier this year, Mr. Varteresian spent one year as CFO of an information technology company, and 6 years in the investment banking industry. From 1997 to 2003, Mr. Varteresian worked in various positions for divisions of CIBC Wood Gundy and RBC Dominion Securities in Toronto and Halifax, starting out in back office support and working his way up to investment advisor and professional financial planner. Prior to that, Mr. Varteresian managed the financial statement preparation and regulatory reporting functions for a number of small public companies on the predecessors to the TSX Venture Exchange. Mr. Varteresian is licensed as an investment advisor in British Columbia, Manitoba, Ontario, New Brunswick and Nova Scotia.


"Glenbriar presents some exciting opportunities, and I hope that by working together, we will be able to capitalize on them," stated Mr. Varteresian.


Mr. Varteresian is a new appointment to Glenbriar's board. The appointment is subject to regulatory approval.


About Glenbriar

Glenbriar Technologies Inc. is a business technology solutions provider headquartered in Calgary, with locations in Alberta, British Columbia and Ontario. Glenbriar designs, implements and supports business workflow solutions for small and medium enterprises, including IT outsourcing and consulting services, IP telephony and call centre solutions. Glenbriar's Peartree Software Inc. division in Kitchener-Waterloo, Ontario, develops, markets and supports proprietary software suites to specific market verticals, such as recreational vehicle dealerships and automotive parts manufacturers. Peartree's enterprise resource planning (ERP) software modules are used by manufacturers and distributors, such as Magna Canada, Dana Canada and Delta Faucet. Peartree's software is certified and verified for EDI for GM, Ford, DaimlerChrysler, Honda, Toyota and 61 other EDI formats. See www.glenbriar.com and www.ptsoft.com for more details.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



CONTACT: TEL: [phone] x 117 Robert Matheson, Glenbriar
FAX: [phone]


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