VANCOUVER, British Columbia, Dec. 10, 2018 (GLOBE NEWSWIRE) -- Sharc International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC" or "the Company") is pleased to announce Mr. Jas Sahota, CPA, CGA has joined the Company as Senior Vice President of Finance.
Mr. Sahota is a Chartered Professional Accountant (CPA) and a Certified General Accountant (CGA), and has over 25 years of Operational & Management experience, which have included financial planning & analysis, internal controls and information technology and human resources. He is the current CFO of WA-2! and Jas played an integral role in positioning the water division of WA-2! for sale, which was completed in February 2018. Jas was the past Controller of Canadian Springs Water Company and played a key role on the leadership team to build into a national bottled water company over a span of 18 years. After leaving Canadian Springs, Jas provided strategic planning consulting services to various independent organizations and customers of the Business Development Bank of Canada until joining WA-2! as their COO. Jas has also served as a committee member on the Self Employment Program at Douglas College since 2005. Jas holds Diploma of Technology from the British Columbia Institute of Technology (BCIT) and received a CGA designation from the University of British Columbia, Faculty of Commerce and Business Administration (now UBC Sauder) in 1993.
"SHARC is extremely pleased to have a C-Suite executive with the experience and abilities of Mr. Sahota join our company," said Lynn Mueller, CEO of SHARC. "Jas will be an excellent addition to the executive team as his appointment aligns his operational and financial expertise and extensive knowledge in finance with SHARC and our plans for continued growth. Myself and the Board wish to welcome Mr. Sahota and look forward to his valued contribution as the newest member of our executive team."
Mr. Sahota stated, “Working with Lynn and the team at SHARC is a tremendous opportunity to make a global company even stronger. I could not be more pleased to join a team with such an outstanding record of accomplishments in such a short period of time.”
About SHARC International Systems
SHARC International Systems Inc. is a world leader in thermal heat recovery. SHARC™ technology systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings. SHARC is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA).
Further information about the Company is available on our website at www.sharcenergy.com or under our profile on SEDAR at www.sedar.com.
ON BEHALF OF THE BOARD
“Lynn Mueller”
Chairman and Chief Executive Officer
For further information, please contact:
Investor Relations
Jeff Walker
The Howard Group
Phone: (888) 221-0915 or (403) 221-0915
Email: jeff@howardgroupinc.com
Jamie Hyland
SHARC International Systems Inc.
Telephone: (604) 442-2425
Email: jamie.hyland@sharcenergy.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as "anticipate", "plan", "estimate", "expect", "may", "will", "intend", "should", and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC's actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company's expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.