Coretec Inc. announces the appointment of Jonathan Schofield as Chief Operating Officer.TORONTO -- Coretec Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :CYY) today announced the appointment of Jonathan Schofield as Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. effective January 2, 2005. Mr. Schofield will assume the operational leadership role for Coretec's facilities in Canada and the USA. He brings to Coretec over 20 years of operational and manufacturing logistics expertise and most recently held several senior executive roles with a major international aerospace firm. Mr. Schofield is a Professional Engineer (Mechanical Engineering, Carleton University Carleton University, at Ottawa, Ont., Canada; nonsectarian; coeducational; founded 1942 as Carleton College. It achieved university status in 1957. It has faculties of arts, social sciences, science, engineering, and graduate studies, as well as the Centre for ) and received an MBA MBA abbr. Master of Business Administration Noun 1. MBA - a master's degree in business Master in Business, Master in Business Administration from the Rotman Business School, University of Toronto Research at the University of Toronto has been responsible for the world's first electronic heart pacemaker, artificial larynx, single-lung transplant, nerve transplant, artificial pancreas, chemical laser, G-suit, the first practical electron microscope, the first cloning of T-cells, , as well as being certified by the Canadian Association of Production and Inventory Control. "We are thrilled to be able to attract someone with Jonathan's credentials to our organization. We believe that his experiences will help us further optimize our operations in terms of logistics, as well as facilitate continuous process and productivity improvements. In addition, Jonathan will play a key role with regards to strategy and future growth initiatives", said Paul Langston, Coretec's President and 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. . The company also announced the departure of its current Chief Operating Officer, Mr. Barry Bristow effective immediately. Mr. Bristow was one of the founders of Coretec and played an instrumental role over the years with respect to the Company's growth and success. Coretec is one of the leading designers and fabricators of printed circuit boards for the prototype and quick turnaround production segments of the North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. and European markets. Coretec distinguishes itself from its competitors by providing complete printed circuit board solutions, including design, advanced prototyping and quick turnaround production across an outstanding range of product technologies. This news release may include statements about future expectations, plans and prospects that may constitute forward-looking statements. Please be cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results or developments may vary materially from those projected or implied in the forward-looking statements as a result of any number of factors, including currency exchange rate fluctuations; variability of operating results; dependence on certain industries; management growth and expansion; ability to attract and retain key personnel; nature of sales; product complexity and product defects; international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. ; material cost fluctuations and limited availability When customers of the PSTN make telephone calls, they commonly make use of a telecommunications network called a switched-circuit network. In a switched-circuit network, devices known as switches are used to connect the caller to the callee. of raw materials; potential loss of customers; competition; industry contraction and slow economic growth; technological change and process development; environmental liability; need for additional financing; product liability; pricing pressure; ability to reduce costs; and other risks listed in Coretec's public disclosure documents and other filings with securities regulatory authorities found at www.sedar.com. Additional information about Coretec Inc. is available at www.coretec-inc.com. Coretec Inc. (TSX:CYY) |
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