Aeroquest International Limited Announces Changes in Management and Board of Directors.MILTON, Ontario -- The Chair and Board of Directors of Aeroquest International Limited (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AQL (language) AQL - A picture query language, extension of APL. ["AQL: A Relational Database Management System and Its Geographical Applications", F. Antonacci et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 569-599]. ) is pleased to announce the appointment of Mr. Roy Graydon as Chief Executive Officer. Mr. Graydon has also joined the Board of Directors. These appointments are effective November 10, 2005. Mr. Graydon, a geophysicist by training, brings extensive business and financial experience to his positions. Most recently, Mr. Graydon was Executive Vice President and Chief Financial Officer of Call-Net Enterprises Inc., a TSX-listed company, and prior to that had been involved in the investment industry for 15 years. The appointment of Mr. Graydon strengthens the management team as AQL continues to develop and operate innovative and proprietary airborne geophysical surveying Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. platforms. Mr. Waldimer Boyko, Chair of AQL had the following comments, "We are pleased to welcome Roy to the company; it is significant for all AQL stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. that with his skills and experience, he would choose to lead the company." In another development, the Board of Directors announces that Mr. Mark Botelho, Chief Financial Officer of AQL, has left the company. Effective immediately the Board has appointed Mrs. Ann Dumyn, an AQL Director, Interim CFO See Chief Financial Officer. pending the appointment of a permanent replacement for Mr. Botelho. Mrs. Dumyn served as Interim CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. prior to the appointment of Mr. Graydon. The appointments of Mr. Graydon and Mrs. Dumyn are subject to customary regulatory approvals. Aeroquest International Limited (TSX-V:AQL) is the parent company of Aeroquest Limited, a world leader in the development and operation of innovative and proprietary airborne geophysical surveying platforms servicing the mineral exploration, oil and gas, and environmental industries. More information about AQL can be found at www.aeroquestsurveys.com. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. does not accept responsibility for the ad equacy or accuracy of the release. Aeroquest International Limited (TSX VENTURE:AQL) |
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