Destiny Resource Services Corp.: Changes in Management Structure.Business Editors CALGARY, Alberta--(BUSINESS WIRE)--Sept. 6, 2001 Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. R. Libin, Executive Chairman and Chief Executive Officer of Destiny Resource Services Corp. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :DSC (1) (Digital Signal Controller) A microcontroller and DSP combined on the same chip. It adds the interrupt-driven capabilities normally associated with a microcontroller to a DSP, which typically functions as a continuous process. See microcontroller and DSP. .), announced today changes in Destiny's management structure. Effective immediately: -- Jim Holt is appointed Vice-President, Market Development. Mr. Holt, previously Vice-President, Survey and Line Clearing, will now focus his energies not only on Destiny's survey and line clearing divisions but on all opportunities that may present themselves for market development, in all divisions, and for opportunities beyond Destiny's current businesses. -- Roy Bjorklund is confirmed as General Manager, Line Clearing, and -- Warren Plue is confirmed as General Manager, Survey. These appointments are both a promotion and a clarification of existing roles. Roy Bjorklund and Warren Plue have worked with Jim Holt Jim L. Holt, born January 17, 1965 in Camden, Arkansas is a conservative Republican politician from Springdale, Arkansas. Background Holt joined the military in 1987 and served in the U.S. in building the survey and line clearing businesses and now will take expanded responsibility for divisional marketing, operations and results. Separately, Destiny also announced it has settled outstanding matters with two former officers of the Company. In return for a transfer of certain assets, which are collateral to and have no value for Destiny's on-going businesses and the settlement of outstanding obligations by the former officers to Destiny, Destiny will receive for cancellation 2,278,250 common shares of Destiny, representing 4.6% of the common shares outstanding. For the purposes of this settlement, the shares were valued at $0.4825 per share, being the average of the closing prices for the 20 trading days In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. ended the date of settlement. Destiny provides fundamental services to energy explorers and producers in three of the primary phases of oil and gas exploration and production: Seismic Front-End Services is comprised of seismic survey and mapping services, seismic line clearing and shothole drilling. Surface Preparation Services includes wellsite preparation, oilfield road and lease construction and maintenance as well as wellsite reclamation Reclamation A claim for the right to return or the right to demand the return of a security that has been previously accepted as a result of bad delivery or other irregularities in the delivery and settlement process. . Post-Drilling Services focuses on pipeline gathering systems and facility construction, piping and structural fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. and managed oilfield maintenance contracting. |
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