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Ergoresearch announces the nomination of a C.F.O.
|By PR Newswire
|April 1, 2014 09:29 AM EDT
LAVAL, QC, April 1, 2014 /CNW Telbec/ - Ergoresearch Ltd
« Ergoresearch » (TSX Venture Exchange: ERG) is proud to announce the
nomination of Mr. Piero Greco as its new Chief Financial Officer in the
management team of the company. Mr. Greco will be assisted by Mrs.
Dominique Boudreau, who will now act as the group's Corporate
Controller. Mme Boudreau held the same position the last seven years
for Laboratoire Langelier, a company acquired by Ergoresearch Ltd in
M. Greco is a member of The Chartered Professional Accountants and has
accumulated many years of experience in corporate financing, treasury,
administration and in merging and acquisition, for different companies,
in services and manufacturing, working in Québec, Canada and at the
"Mr. Greco strengthens the management team already in place and brings
extensive expertise in mergers and acquisitions with over thirty
closing. He also carried out a number of negotiation at the
international level and stood out as a proficient manager of human,
material and financial resources. With the separation of the Controller
and the Chief Financial Officer positions, the company has given itself
the means to perform the next steps in its growth plan." mention
Sylvain Boucher, President and CEO of Ergoresearch Ltd.
And Mr. Greco added: "Ergoresearch has built a unique platform in the
orthopedic market. This structure offers interesting levers and a
perspective of significant growth. I look forward to join the team in
place to continue and contribute to the future development of the
Ergoresearch has developed Quebec's leading network in orthotics, with over 100
corporate and satellite centres under the Clinique du pied Équilibre, Orthoconcept and Laboratoire Langelier banners. The Company holds patents in the field of bionics including
intellectual property used in the Power Knee, the world's only motor-powered prosthesis for above-knee amputees, and
is the leading manufacturer of "intelligent" foot orthotics and
specialty orthotics, it is a trend-setter in creating durable medical
equipment and software in the orthopedics market.
Ergoresearch has developed and commercialized Expert-Fit™, the first robotized custom-fit orthotics manufacturing software
program, launched the first Living Lab in Canada and more recently, a new generation of world -patented
orthotic device called the OdrA, that revolutionizes the treatment of pain associated with knee
osteoarthritis. Ergoresearch Ltd is listed on the TSX Venture Exchange
(TSXV) under the symbol ERG.
This document is not intended to encourage the purchase of securities
listed on the TSX Venture Exchange. TMX Group, and the members of the same group, do not endorse or
recommend the title referred to herein. Please seek the advice of a
specialist to evaluate specific securities.
This press release contains forward-looking statements and information
that are subject to material risks and uncertainties. Such statements
are not historical facts and are based on current management
expectations. We ask the reader to note that these statements are
subject to a multitude of risks and uncertainties that could cause
actual results, future circumstances or events to differ materially
from those contained in the forward-looking. These risk factors are
related, but are not limited to, our ability to finance our operations,
competition, the ability to negotiate and maintain up alliances with
partners, the market acceptance of the Company's products, the strength
of intellectual property, the success of our research and development
programs, reliance on subcontractors and their key personnel and other
risks and uncertainties detailed from time to time in other documents
we file with the Canadian securities commissions and are available at www.sedar.com.
The reader should not give great importance to forward-looking
statements as the results may differ from conclusions, predictions or
projections contained in such forward-looking statements; and certain
important factors or hypothesis taken into account in reaching
conclusions or the preparation of a projection or prediction may prove
to be incorrect in fact.
Management disclaims any intention or obligation to update or revise any
forward-looking statements whether as a result of new information,
future events or circumstances. All figures are in Canadian dollars,
unless otherwise specified.
Neither 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 release.
SOURCE Ergoresearch Ltd
Image with caption: "Nomination of the new Chief Financial Officer: Mr. Piero Greco, MBA, CPA, CA, Ergoresearch Ltd (CNW Group/Ergoresearch Ltd)". Image available at: http://photos.newswire.ca/images/download/20140401_C8095_PHOTO_EN_38688.jpg
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