Election of H2O Innovation's Board of Directors
November 18 2009 - 10:36AM
Marketwired
H2O Innovation Inc. ("H2O Innovation" or the "Company") (TSX
VENTURE: HEO)(ALTERNEXT: MNEMO:ALHEO), a complete water treatment
solutions company providing custom designed water treatment systems
along with operating and maintenance solutions, today held its
Annual General Meeting of Shareholders at the Cafe-spectacle of the
Palais Montcalm in Quebec City.
Shareholders re-elected the following directors to the Company's
Board of Directors: Philippe Gervais, Chairman of the Board,
Frederic Dugre, President and CEO, John G. Booth, Andre Duquenne,
Elaine C. Phenix, and Richard Hoel. PricewaterhouseCoopers
LLP/s.r.l./s.e.n.c.r.l., Chartered Accountants, was appointed as
auditors of the Company for the fiscal year ending June 30,
2010.
"Fiscal 2009 was a significant year for H2O Innovation, a year
during which we succeeded in making our business model evolve and
became a truly complete water treatment solutions company with
sound diversification of its markets and technologies, a strong
foothold in North America, a growing international presence, and a
solid financial health", commented Frederic Dugre, President and
CEO of H2O Innovation. "Despite the challenging economic climate of
the past months, we have remained firmly committed to following our
long term development strategy seeking to generate positive cash
flows, maintain a healthy gross margin and maximize our results,
all of which contribute to the creation of increased and sustained
shareholder value. More than a quarter into fiscal 2010, we have
made noteworthy progress in growing our sales of consumable
products such as water additives and have significantly increased
our international sales by ten-fold", concluded Frederic Dugre.
Prospective disclosures
This press release may contain prospective disclosures
representing current expectations of H2O Innovation which are
subject to certain risks and uncertainties. For details of these
risks and uncertainties, please refer to the Company's Annual
Information Form dated September 28, 2009 available on SEDAR
(www.sedar.com). H2O Innovation rejects any obligation to revise or
update the prospective disclosures contained in this press
release.
About H2O Innovation
Exclusively dedicated to water treatment, H2O Innovation is
establishing itself as a key player in sustainable development and
the field of clean technologies. H2O Innovation designs, develops,
produces, and integrates state-of-the-art custom-built water
treatment systems for the production of drinking water, the
reclamation of water, the treatment of wastewater and industrial
process water in the municipal, commercial, industrial, mining, and
energy markets. Additionally, the Company offers complete operating
and maintenance solutions for membrane filtration and reverse
osmosis systems. H2O Innovation has approximately 100 employees and
eight offices including three manufacturing and assembly plants in
Canada and the United States. Shares of H2O Innovation are listed
on the TSX Venture Exchange (HEO) as well as on the NYSE Euronext
Alternext Exchange (MNEMO: ALHEO). For more information about H2O
Innovation, visit the Company's website at
www.h2oinnovation.com
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) nor the Alternext Exchange accepts responsibility
for the adequacy or accuracy of this release.
Contacts: H2O Innovation Inc. Guillaume Ducharme 1-418-688-0170
ext. 329 guillaume.ducharme@h2oinnovation.com
www.h2oinnovation.com
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