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Blumetric Environmental Inc
Symbol BLM
Shares Issued 25,231,644
Close 2015-03-27 C$ 0.15
Market Cap C$ 3,784,747
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Blumetric appoints Clifton to board, Malley as chairman

2015-03-30 15:20 ET - News Release

Mr. Roger Woeller reports

BLUMETRIC ANNOUNCES BOARD CHANGES

Blumetric Environmental Inc. has made several changes to its board of directors following its annual general meeting held March 26, 2015.

Ron Clifton was elected to the company's board of directors by shareholder consent. Ron Clifton, MASc, PEng, is a professional engineer with a broad range of corporate experience running and growing international high-tech companies. As president and founder of CliftonGroup International Ltd., Mr. Clifton has provided consulting services to C-level executives in both small- and medium-sized enterprises, and the business units of larger companies. In addition to a number of president and chief executive officer posts, Mr. Clifton served as general manager of Zenon Environmental Systems Inc. (a water and waste water treatment company acquired by GE Water in 2006), and has both public- and private-company experience at senior management, operations, project management and board levels. (More information is available on the CliftonGroup website.)

Blumetric also announced the retirement of Denis Douville, who has served for four years on the boards both of Blumetric and one of its predecessor companies.

By majority shareholder consent, the Blumetric board now consists of Jordan Grant, Jane Pagel, Roger Woeller, Murray Malley and Mr. Clifton. Ian Malone, formerly Blumetric's chief financial officer, will act as secretary to the board.

Blumetric also announced the appointment of Mr. Malley as board chair. Effective immediately, Mr. Malley, an independent board member for the past 18 months who chaired the board's audit committee, will be taking over the position from Mr. Grant. Mr. Grant, who has served Blumetric as chairman since the company's creation in 2012, and served as chairman as well as interim chief executive officer of a predecessor company, will continue to sit on the board as a director.

Murray Malley, CA, MBA (international), ICDD, is president of Malley Associates, founded in 2007, an association of C-suite executives who provide small- and mid-capitalization companies with mentoring and guidance on financial strategies, governance and corporate sustainability. For the past 11 years, Mr. Malley has also served as president of HRand Inc. and its predecessor company, MediDirect. He developed a single-platform, fully integrated human resource software suite of payroll, benefits and HR information systems. His extensive experience at the senior executive level spans a wide range of industries, including waste management. Currently, he sits on the boards of HRand Inc. and Group Employee Mortgage Inc., as well as Blumetric. (More information is available on his corporate website.)

"I am excited about Blumetric's future," said Mr. Malley. "I believe that Blumetric's strategy of focusing on its strong, new integrated technologies and innovative products will position it well to build significant sales and profits."

"Blumetric will be well served by this board, with its strength in finance, governance and business, and its knowledge of, and familiarity with, Blumetric and our sector," said Mr. Woeller, CEO of Blumetric. "We are very pleased to welcome Ron Clifton to the Blumetric board. His expertise and knowledge of our specific business, business in general and board experience will serve us well as we continue to build Blumetric's reach. At the same time, we would like to wish Denis Douville well in his coming retirement, and thank him for his many contributions during the years he served on our board. We also thank Murray Malley for agreeing to serve as incoming chair, and particularly thank Jordan Grant for the depth of his commitment to Blumetric, and the breadth and effectiveness of his activities as our inaugural board chair."

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