Catch the Wind announces management change
September 08 2010 - 6:00AM
PR Newswire (Canada)
MANASSAS, VA, Sept. 8 /CNW/ -- MANASSAS, VA, Sept. 8 /CNW/ - Catch
the Wind Ltd. (TSX-V: CTW), developer and manufacturer of the
Vindicator(R) laser wind sensor (LWS) and other wind sensor
products, announced today that Robin Roge, CPA, has been appointed
as interim Chief Financial Officer of the Company, succeeding David
Samuels effective immediately. Ms. Roge has more than 25 years of
accounting and financial reporting experience, working with a
number of public and private companies. Since 2009, she has served
as Director of Accounting of the Company and has performed its
Controller function. Ms. Roge will be responsible for the
day-to-day financial operations and reporting for the Company until
a permanent replacement is hired. Mr. Chris Lowe, who was recently
appointed as an independent director of the Company and serves as
Chairman of the Audit Committee, will provide oversight of Catch
the Wind's financial activities. Mr. Lowe, a senior financial
executive with more than 17 years of experience in the investment
banking and energy sectors, currently serves as Chief Financial
Officer of Noble Environmental Power. In connection with the
management change, Catch the Wind has retained the services of an
independent financial advisor who will provide counsel to Ms. Roge,
and drive the Company's funding and capital markets initiatives.
The financial advisor brings specific expertise in the renewable
energy sector and has more than 20 years of finance and capital
markets experience, including public-company experience as a chief
financial officer. "We wish David all of the best in the future,"
said Mr. Phil Rogers, President and CEO of Catch the Wind. "We are
confident of the financial team we currently have in place and
believe that the recent addition of Chris Lowe and the experience
of our financial advisor are tremendous assets towards our goal of
addressing our near-term and long-term capital needs." About Catch
the Wind Ltd. Catch the Wind Ltd. is a high-growth technology
company headquartered in Manassas, Virginia. The company was
founded in 2008 to develop and manufacture the Vindicator(R) laser
wind sensor. Catch the Wind serves the commercial market sector for
laser based wind sensor systems, recognized as the "gold standard"
in wind measurement. The company is focused on becoming a major
contributor in making clean, renewable wind energy more affordable
and profitable. For more information, visit
www.catchthewindinc.com. Forward-Looking Information This news
release includes certain forward-looking statements within the
meaning of Canadian securities laws. Forward-looking statements
involve risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ
materially from those expressed in such forward-looking statements.
Forward-looking statements in this news release, include, but are
not limited to, economic performance and future plans and
objectives of Catch the Wind. Any number of important factors could
cause actual results to differ materially from these
forward-looking statements as well as future results. Although
Catch the Wind believes that the assumptions and factors used in
making the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply
as of the date of this news release, and no assurance can be given
that such events will occur in the disclosed timeframes or at all.
Catch the Wind disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Neither 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 or accuracy of this release. Catch
the Wind Ltd., Claudia Jaques, Vice President and General Counsel,
703-393-0754, cjaques@catchthewindinc.com; The Equicom Group, Joe
Racanelli, Investor Relations, 416-815-0700 ext. 243,
jracanelli@equicomgroup.com
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