Aeroquest International Limited Announces Reorganization Of The Company.MILTON, Ontario -- Roland Horst, Chief Executive Officer and Secretary of Aeroquest International Limited ("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]. ") (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AQL) announced his resignation from those positions effective October 3, 2005. Mr. Horst will continue as an independent director of AQL. Mr. Horst stated "I have enjoyed being 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. of AQL, helping to take the company public and building a strong management team. I believe AQL has a great future and I will continue to be active as an independent board member and member of the audit committee". The board of AQL has appointed Ann Dumyn, an AQL board member, as interim CEO effective October 3, 2005 until the board decides on a permanent CEO. Ann Dumyn is a business executive with over 35 years experience in administration, business development, finance and contract negotiations. Following a 32 year career with Bank of Montreal “BMO” redirects here. For the mathematics competition, see British Mathematical Olympiad. Bank of Montreal/Banque de Montréal (TSX: BMO, NYSE: BMO) is Canada's fourth largest bank[1], and is classified as a Domestic Chartered Bank (Schedule I). , Ann was an executive with SNC-Lavalin Inc. The board of AQL also terminated, without cause, the Consulting Agreement with A-Cubed Inc. effective immediately. Under the terms of the agreement A-Cubed Inc. will receive a payment of $240,000. Dr. Gary Black, principal of A-Cubed Inc. and previously V.P. Instrumentation of AQL, has also resigned as director of AQL and Aeroquest Limited. Stephen Balch, President of AQL will assume the leadership of the Instrumentation Department. AQL also announces the resignation of L. Lamont Gordon as director of the company effective September 15, 2005 for personal reasons. Mr. Gordon was one of the founding directors of AQL and the AQL board thanks Mr. Gordon for his valuable contribution to the company. Mr. Gordon wished the company significant success in the future and will be available as an advisor to the company. Aeroquest International Limited (TSX VENTURE:AQL) is the parent company of Aeroquest Limited, a world leader in the development and operation of 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 servicing the mineral exploration, oil and gas, and environmental industries. AQL has 15,829,162 shares outstanding and 17,448,606 shares on a fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. basis. 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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