Board Changes
August 03 2007 - 1:19PM
UK Regulatory
MicroFuze International plc
MicroFuze announces Board Changes
3 August 2007: The Board of MicroFuze is pleased to announce the appointment of Mr. Wilhelm Jacobus
Schoeman ("Jaco") to the position of Executive Director, effective immediately. In this role, Jaco will
assume overall responsibility for the recently-acquired water technology and entity development. Jaco is
considered by the board to be important to the success of the venture as co-founder of Western Utilities
Corporation (WUC), as a key link to one of WUC's first customers, and as a source of technical knowledge
and resource availability. Jaco also brings with him an impressive network of potential clients,
regulatory contacts and technical expertise.
Jaco will receive directors' fees of �10,000 per year and will receive a salary as an executive from the
subsidiary, Western Utilities Corporation. In addition, Jaco will receive 5 million Ordinary Shares in
the Company payable immediately, plus an additional 10 million Ordinary Shares based upon achievement of
certain milestones over the next 24 months.
At the same time, the Board has received and accepted the resignation of Timothy Wall, who has fulfilled
the role of Financial Director since February 2006. Following the recent fundraising, Tim has decided to
resign and pursue other career opportunities after relocating back to Australia. Before leaving, Tim
ensured that Duncan Sheard Glass (DSG) was positioned to expand its role as company secretary and financial
advisor. Dennis Bowers from DSG has been in the role of Company Secretary and also maintains a role as
Financial Officer of the Company. This, coupled with the more active involvement of Doug Parrish in the
financial oversight of the Company, ensures that the appropriate controls, accountabilities and corporate
governance standards will be maintained until further appointments are made. The Board extends its
appreciation to Tim for his contribution to the Company and wishes him well in his chosen endeavors.
For further information:
MicroFuze International plc www.microfuze.com
Peter Marks, Chairman Tel: +44 (0)20 7016 5100
Doug Parrish, Chief Executive Tel: +44 (0)20 7016 5100
parrish@microfuze.com Mobile: +44 (0) 7789 373 292
Nominated Advisor: Nabarro Wells & Co Limited
Hugh Oram/John Wilkes Tel: +44 (0)20 7710 7400
Media enquiries:
Positive Profile
Henry Gewanter Tel: +44 (0)20 7489 2028
henryg@positiveprofile.com Tel: +44 (0) 7774 22 88 45
MicroFuze International plc
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