Apr. 9, 2010 (Filing Services Canada) -- Audiotech Healthcare Corporation (AUD - TSX Venture),
Mr. Osvaldo (Ozzie) Iadarola reports,
Audiotech Healthcare Corporation is pleased to announce that Darryl Walker, CFO, has accepted a full-time, permanent position as a Hearing Care Practitioner at the company's Vernon, B.C. clinic. Darryl has been instrumental in the success of this clinic to date and in order to take on his expanded role at the clinical level it is necessary that he step down as CFO of the company.
Mr. Walker has served as the company's Chief Financial Officer since February 2005 and has been an integral contributor in many aspects of the company's growth and in fostering relationships with Audiotech's financial partners. The Board of Directors sincerely thanks Darryl for his many years of dedicated service as the company's CFO, and it looks forward his significant ongoing contributions at the clinic level.
Audiotech is also pleased to announce that Mr. Grant Robertson, B.B.A., has accepted appointment to the position of Chief Financial Officer. Mr. Robertson has served on the Board of Directors since April 2002 and as the Chairman of the Audit Committee for several years. Mr. Robertson completed his undergraduate studies in business and accounting at Simon Fraser University in 1994. Following graduation, he served as an accountant and auditor with a major accounting firm and as an independent small business accounting and tax consultant. Following the sale of his accounting practice, he founded an investment research and business/finance consulting services company. Mr. Robertson was a co-founder and currently serves as President, CEO, and director of the MediaWave Group of Companies, a consortium of product distribution businesses founded in 1999.
The appointment of Mr. Robertson to this management position will result in him no longer being considered an independent director. Accordingly, Mr. Robertson has stepped down as the Chairman of the Audit Committee. He will remain a member of the Board of Directors. To restore an appropriate balance of independent members, the Board of Directors has appointed Mr. James T. Gillis to the Board and as the Chairman of the Audit Committee. Mr. Gillis brings public company administration experience to the Board. Since 1985, he has been the President of James T. Gillis Management Co. Inc., a private company which provides management services to public companies. Mr. Gillis also presently serves as a director and the President and CEO of Cassidy Gold Corp, Island Arc Exploration Corp. and Africa West Minerals Corp. He is also a director and the President of Anglo Aluminum Corp. and a director of Metro Bridge Networks International Inc.
Management and the Board of Directors are confident that these changes will enable all involved to focus on the areas of business that their expertise can have the greatest impact on the company's future growth, while ensuring the level of independence on the Board of Directors is maintained.
Additional information relating to the company is available on SEDAR at www.sedar.com, or at the company's website at www.audiotech.org.
The company's shares are listed and posted for trading on Tier 1 of the TSX Venture exchange under the symbol "AUD." For more information on the company, contact Osvaldo (Ozzie) Iadarola, President & CEO, at (250) 372-5847, or Doren Quinton of QIS Capital, investor relations, at (250) 376-8989, or visit the company's website at www.audiotech.org.
AUDIOTECH HEALTHCARE CORPORATION
First Bank Building
760-175 Second Avenue
Kamloops, B.C. V2C 5W1
Phone: (250) 372-5847
Fax: (250) 372-3859
Except for historical information contained herein this document contains forward-looking statements. These statements contain known and unknown risks and uncertainties that may cause the company's actual results or outcomes to be materially different from those anticipated and discussed herein. Forward-looking statements are based on the beliefs, estimates and opinions of the company's management on the date the statements are made. Audiotech Healthcare Corporation undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Source: Audiotech Healthcare Corporation (AUD - TSX-V) http://www.audiotech.org
Maximum News Dissemination by Filing Services Canada Inc. *