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Attention Business Editors
Engenuity Announces Departure of CFO
MONTREAL, July 22 /CNW/ - Engenuity Technologies Inc. (TSX: EGY), a
leading provider of solutions for the development of high-end visualization
and simulation applications, today announced that Yves Boucher has resigned
his position as Chief Financial Officer. He will remain with the Company in
the next few weeks to ensure a smooth transition of responsibilities.
"Yves has served Engenuity well since he joined in 2003," said Patrice
Commune, president and CEO of Engenuity Technologies. "He was instrumental in
developing and executing a plan to return the Company to profitability and
create a strong foundation for future growth. We deeply appreciate his
contribution and commitment to help us identify his successor and we wish him
all the best in his future endeavours."
"With the operational turnaround complete and the Company on solid
financial footing, Engenuity is well positioned to expand its global presence
and emerge as a leader in the visual simulation software space. With Patrice
Commune at the helm, Engenuity has a highly capable team in place and I
believe this is a good transition point for me and for the organization," said
Yves Boucher. "I look forward to working with the management team over the
next few weeks to ensure a proper transition."
About Engenuity Technologies
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Engenuity Technologies Inc. (TSX: EGY) is a global leader in
visualization and simulation software solutions for the aerospace, defense and
automotive industries. The company's products and services are currently used
by more than 800 customers in 40 countries, including many of the world's
largest organizations. Engenuity has offices and distributors throughout North
America, Europe, the Middle East and Asia. Visit our Web site at:
www.engenuitytech.com.
This press release includes forward-looking statements that are based on
certain assumptions and reflect Engenuity's current expectations. These
forward-looking statements are subject to a number of risks and uncertainties
that could cause actual results or events to differ materially from current
expectations. Additional factors are discussed in Engenuity's materials filed
with the securities regulatory authorities in Canada from time to time.
Engenuity disclaims any intention or obligation to update or revise any
forward-looking statements.
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/For further information: Andrew Elvish, Director - marketing
communications, Engenuity Technologies, Inc.,
andrew.elvish@engenuitytech.com; Claire Daplyn, High Road Communications,
T: (416) 368-8348 Ext: 250, E: cdaplyn@highroad.com/
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