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MONTREAL, April 11, 2019 /CNW Telbec/ - Ecolomondo
Corporation (TSXV: ECM) (the "Company" or "Ecolomondo")
is pleased to announce the appointment of Mr. Mario Girard as member of its Audit Committee.
This nomination follows the resignation of Mr. Eric Favreau as director, and Chair of
Ecolomondo's Audit Committee.
Mr. Girard is an independent director of Ecolomondo since it
became a publicly listed company in 2017. Mr. Girard has extensive
experience in governance of public corporations. He is an
experienced entrepreneur and manager with nearly 30 years of
experience. Mario Girard has been
President and Chief Executive Officer of the Quebec Port Authority
since January 2011. He was CEO of the
Fondation of Entrepreneurship from 2008 to 2011 and founder and
Chief Executive Officer of two information technology companies,
Nstein Technologies Inc., from 2001 to 2007 and Gespro Technologies
Inc., from 1985 to 2001. Mario
Girard is Vice President of the worldwide network of port
cities (AIVP) and a member of YPO in addition to sitting on several
boards of private, public and publicly traded organizations for
over 20 years.
Ecolomondo thanks Mr. Favreau for his important contribution to
its Board of directors and as Chair of its Audit Committee and
wishes him great success in his new projects.
About Ecolomondo Corporation
Ecolomondo is a cleantech Canadian company that is
commercializing its waste-to-products technology. The Thermal
Decomposition Process ("TDP") converts hydrocarbon waste
into marketable commodity end-products, namely carbon black
substitute, oil, gas and steel. Technologies such as Ecolomondo's
are expected to play an important role in resource recovery needed
in today's circular economy.
Management believes that technological breakthroughs in areas of
emissions, process optimization, automation, end-product processing
and safety, position Ecolomondo to become an industry leader.
The Company's main revenues will come from the sale of TDP
turnkey facilities and royalties from their operations. TDP
facilities will generate revenues from the sale of end-products,
tipping fees and carbon credits. Ecolomondo's first focus is to
market TDP turnkey facilities that use scrap tires as a feedstock,
because scrap tires yield end-products with a higher commercial
value, especially the recycled carbon black.
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain
information and statements about management's view of future
events, expectations, plans and prospects that constitute forward
looking statements. These statements are based upon assumptions
that are subject to significant risks and uncertainties. Because of
these risks and uncertainties and as a result of a variety of
factors, the actual results, expectations, achievements or
performance may differ materially from those anticipated and
indicated by these forward looking statements. Although Ecolomondo
believes that the expectations reflected in forward looking
statements are reasonable, it can give no assurances that the
expectations of any forward looking statements will prove to be
correct. Except as required by law, Ecolomondo disclaims any
intention and assumes no obligation to update or revise any forward
looking statements to reflect actual results, whether as a result
of new information, future events, changes in assumptions, changes
in factors affecting such forward looking statements 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.
SOURCE Ecolomondo Corp
