Cryopak `Expands and Strengthens` Board of Directors.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Aug. 28, 2002 Cryopak Industries Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CYPKF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Venture:CII CII Confederation of Indian Industry CII Chartered Insurance Institute (UK) CII Construction Industry Institute (University of Texas) CII Council of Institutional Investors ) today announced that senior executives Robert Fisher, Robert Fetherstonhaugh and Donald M. Lyons have accepted nomination to its Board of Directors. "We are very pleased to have such experienced and influential leaders join our Board," says 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. , John Morgan. "These additions will enhance Cryopak's profile in the business and investment communities - all three directors represent senior experience, and are well known and respected in the North American financial markets. Additionally, all have worked internationally and will make significant contributions in helping us grow our business globally." Robert C. Fisher, Board Nominee: Robert Fisher brings 37 years of securities industry experience to Cryopak's Board, as well as extensive knowledge of retail startups. Mr. Fisher is a founding partner of Sandoz Family Foundation Financial Services America, and represents SFF Financial Services S.A. interests in Cryopak. He has worked at leading investment banks such as Goldman Sachs (NYSE NYSE See: New York Stock Exchange :GS), Drexel Burnham Lambert Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was driven into bankruptcy in the 1980s by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. , and Schroder Wertheim & Co. Mr. Fisher also has extensive experience with building startup companies and is currently Chairman of Krispy Kreme-Canada. Robert Fetherstonhaugh, Board Nominee: Robert Fetherstonhaugh is a seasoned financial executive and Chartered Accountant with extensive experience and knowledge in corporate mergers and acquisitions. He will provide a strong strategic financial perspective to the Cryopak Board. He is a former partner of KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen , and was Deputy Chairman of Trader.com, an international publishing company with operations in 20 countries around the world. Mr. Fetherstonhaugh currently is Executive Vice President of Claridge, Inc. and President of Claridge SRB Investments and represents the Bronfman interests in Cryopak. He is also a Director of public companies, Trader.com (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TRDR) and Stake Technology Ltd (NASDAQ:STKL)(TSX:SOY). Donald M. Lyons, Board Nominee: Donald M. Lyons is an accomplished senior financial executive with broad international financial experience and in-depth knowledge of Canadian financial markets. Mr. Lyons is currently chairman of the Toronto Fire Department Superannuation and Benefit Fund Committee. He has served on the Boards of and held Senior Executive positions with numerous financial institutions including Constitution Insurance Company (Chairman and Director), Coronet Trust Company (Founder, President, and CEO), Silicon Valley Bank Shares Inc. (Founder and Director), Northwest Trust Company (President, CEO and Director) and was a Partner at Wood Gundy. He also was a member of the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. , serving on numerous committees. About Cryopak: Cryopak Industries Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CYPKF) (TSX Venture:CII) develops, manufactures and markets quality temperature-controlling products such as the premium patented Cryopak Flexible Ice(tm) Blanket, flexible hot and cold compresses, gel packs, and instant hot and cold packs. The products are used during transport to ensure critical temperature maintenance for pharmaceuticals, blood, airline food and beverages, seafood and all other perishable items. Cryopak's products are also used for first aid, medical and physiotherapy treatments, and, through retail distribution, for daily all-purpose chilling applications. With almost 10 years of experience in research and development, we also offer expert testing and consulting services to help companies optimize their cold-chain management programs. For more information about Cryopak Industries Inc. or its products, visit our website at www.cryopak.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. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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