FORMCAP CORP (PINKSHEETS:FRMC) a product and services development company, is pleased to announce the appointment of Mr. Graham Douglas President & CEO effective immediately.
The Board of Directors has received and accepted the resignation of Jeffrey Dashefsky as President and CEO as well as Director, which was effective as of April 29, 2009.
“The Board wishes to take this opportunity to thank Mr. Dashefsky and acknowledge his contributions in assisting Formcap,” stated incoming President & CEO, Mr. Graham Douglas.
About FORMCAP CORP
FORMCAP is a fully reporting issuer with the shares traded on the “Pink Sheets”. FORMCAP’s mandate is to seek out developing companies for acquisition, joint venture or partnering and to provide these companies with financial and senior strategic management assistance.
Safe-Harbor Statement: Under the Private Securities Litigation Reform Act of 1995. This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act'), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words “may,' “would,' “will,' “expect,' “estimate,' “anticipate,' “believe,' “intend,' and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
Contacts:
FORMCAP CORP
Graham Douglas, 1-888-877-8777
gdouglas@formcapcorp.com