Changes on the Board of Directors of Microtec Enterprises Inc.ST-AUGUSTIN-DE-DESMAURES, Quebec -- Microtec Enterprises Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :EMI (ElectroMagnetic Interference) An electrical disturbance in a system due to natural phenomena, low-frequency waves from electromechanical devices or high-frequency waves (RFI) from chips and other electronic devices. Allowable limits are governed by the FCC. ) (the "Company") announced today that, in the context of its recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. , its insurers did not renew the insurance policy covering the directors and officers of the Company at their satisfaction. Therefore, six of its directors, namely Messrs. Yves Gonthier, Jean Champagne, Pierre Matte, Daniel Cyr, and Daniel Tardif, as well as Mrs. Anne Dutil, have resigned from the Board of Directors of the Company on July 28, 2004. However, Messrs. Raymond Gilbert, Chairman of the Board and Chief Executive Officer, Michel Michel named after Gaston Michel, a French surgeon (1875-1937). Michel clip metal skin sutures in various sizes from 8 to 16 mm long. Each clip is a 2 mm wide band of metal with a downturned sharp prong at each end. Gosselin, Executive Vice President and Chief Financial Officer, and Robert Branchaud, Chairman and Chief Executive Officer of Microtec Securi-T Commercial Inc., remain as directors of the Company. |
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