TORONTO,
March 4, 2013 /CNW/ - Innovative
Composites International Inc. ("ICI" or the "Company"), (TSXV: IC)
(OTCQX: ICIZF), a producer of proprietary engineered composite
products, announced today a change to the board of directors of the
Company.
Mr. Andrew
McConnell has resigned as a director of the Company.
Mr. McConnell felt that the evolving business interests and
potential partnerships moving forward between he and the Company
placed him in a position of conflict as a director and,
accordingly, that it would be more appropriate for him to resign
from the Board.
"We were fortunate to have someone of Mr.
McConnell's caliber as a director of the Company, even if it was
for a short period of time and although the loss of his expertise
on the Board will be felt, we understand the reasons for his
decision," said Terry Ball, CEO of
ICI. "We are excited about the discussions with Mr. McConnell
regarding possible partnerships relating to fire retardants and the
development of northern housing for use by First Nations
communities, and mining companies doing business with First Nations
communities. On behalf of the board of directors of ICI, I wish to
thank Mr. McConnell for his services."
About Innovative Composites International
Inc.
Headquartered in Toronto, Canada, Innovative Composites
International Inc. (TSXV: IC) (OTCQX: ICIZF) is a high-tech
engineering and manufacturing company whose goal is to utilize its
proprietary "green" composite materials and building systems to
provide innovative, engineered product solutions to markets that
include prefabricated modular housing, shelters and containers, and
industrial applications.
To find out more about ICI please visit our
website at: www.innovativecompositesinc.com.
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.
"Statements made in this press release
include forward-looking statements that involve a number of risks
and uncertainties. These statements relate to future events or
future performance and reflect management's current expectations
and assumptions. A number of factors could cause actual events,
performance or results to differ materially from the events,
performance and results discussed in the forward-looking
statements, such as the economy, generally, competition in its
target markets, the demand for ICI's products and the availability
of funding. These forward-looking statements are made as of the
date hereof and ICI does not assume any obligation to update or
revise them to reflect new events or circumstances. Actual events
or results could differ materially from ICI's expectations and
projections."
SOURCE Innovative Composites International Inc.