MONTREAL, Sept. 19, 2005 (PRIMEZONE) -- Bio-Tracking Security Inc./Nord Oil International Inc. (Pink Sheets:BTSI) today announced the new composition of its board of Directors to serve until the next shareholders meeting.
The board nominated Stratton D. Stevens, Viatcheslav Makarov, Gerald T. Parkin, Mikhail Ashonovich Dzhalovian, Armenak Artemovich Safarov and Andrei Eduardovich Kuzolev as Directors to serve on the board of Directors of the company until the next shareholders meeting.
Stratton D. Stevens will take over as Chairman of the company. Mr. Stevens was appointed as a member of the Order of Canada. As an entrepreneur and businessperson sine 1950, he is involved in the development of hotels, commercial and large industrial projects and in their management as well as in the general contracting of such projects. Mr. Stevens' experience and leadership will enable the company to develop its oil reserves to their full potential.
Viatcheslav Makarov will serve as Director and was appointed President and Chief Executive Officer of the company. Mr. Makarov graduated from Moscow University in the Space Technology Field. He has extensive business experience in both Russia and North America. At the advent of privatization, he was a representative and key manager with Volvo, Renault as well as with Elf Petroleum. He works closely with legal and accounting firms in both continents, namely in Moscow, Montreal, Toronto and New York.
Gerald T. Parkin will serve as Director and was appointed Vice-President of Legal Affairs. Mr. Parkin obtained his law degree from University of Montreal and attended L'Ecole Superieure de Droit International in France. He practiced law in the commercial and financial field for over 20 years and presently sits on the board of companies in diverse sectors. He is involved with numerous projects assisting companies in obtaining public status.
Mikhail Ashonovich Dzhalovian will serve as Director and was appointed Vice-President and General Manager. Mr. Dzhalovian graduated from the Institute of Oil and Gas majoring in oil extraction and refining. Between 1989-2003 he was active in the oil industry as director of oil extraction of NGDU and director of oil extraction with the Department of Orenburg Orion Company. Since 2003 he is the general manger of Nord Oil Product.
Armenak Artemovich Safarov will serve as Director and was appointed Vice-President of Acquisitions. Mr. Safarov is a graduate of the Tashkent Construction Institute. His past experience in the oil sector includes being a director of the department of Exploitation of NGDU as well as the director of the Department of Oil wells with Sigma Oil Company. Since 1999 he is the president of Nord Oil Holding.
Andrei Eduardovich Kuzovlev will serve as Direcotr and was appointed Vice-President, and Managing Director. Mr. Kuzovlev graduated from Moscow Construction Institute specializing in constructing oil and gas related structures. His work experience began in 1992 with Yukos Oil Company and from 1995-2003 he acted as director of the sales department. Since 2003, he is the managing director of Nord Oil Product.
The company also announced that the website www.nordoil.com will be officially launched on September 28, 2005. The company also planned to be fully reporting by no later than October 15, 2005 and expects the reverse split and name change to occur on or before September 28, 2005.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.