VANCOUVER, British Columbia, Dec. 10, 2004 (PRIMEZONE) -- The Board of Directors of Corporate Development Strategies Inc. (Pink Sheets:CDGJ) is announcing that effective December 10, 2004, the Company's name shall be effectively changed to Irwin Energy Inc., with an accompanying new trading symbol of (Pink Sheets:IWNN).
The name changes reflects the direction of its core business on energy exploration with a particular focus on the tremendous opportunities in the province of Alberta. Further details on the company and its activities can be found on the Company's website at www.irwinenergy.com
Irwin Energy Inc. is also pleased to announce the appointment of a skilled and experienced executive team who will be driving corporate developments.
The new executive team members are:
Dr. Erwin Liem, PhD. (Director, Chairman), Dr. Liem has specialized for the last 15 years in the area of mergers and acquisitions. He has also been a government project liaison officer in the capacity of project advisor in Costa Rica, Panama, Republic of China and Indonesia. Dr. Liem has represented companies in mergers and acquisition including work in the area of financial institution diversification. His work has also included being a representative of a Russian bank for their North America division in 1993. Dr. Liem is currently acting in the capacity of Corporate Strategy Advisor to a number of companies located in Canada, USA, Indonesia, Hong Kong, Republic of China, Costa Rica, and Panama. Dr. Liem holds an MBA and PhD in Economics.
Dr. Werner F. Grieder, PhD. (Vice Chairman), Dr. Grieder received his Doctor in Economics (Dr.rer.pol.) from University of Basel, Switzerland. He also completed the IMEDE Seminar in Advanced Financial Management Lausanne, Switzerland, 1976. Dr. Grieder speaks German, English, French, and Spanish. Dr. Grieder spent 18 Years in a range of management positions at CIBA Geigy Ltd. and has been stationed in Basel, Africa, Japan, Singapore and other parts of Asia. Subsequently he spent 2 years with Holderbank Ltd. In Honduras. Currently, Dr. Grieder is a management consultant in Panama and a financial advisor to US and Canadian Venture Companies, with major emphasis on junior mining companies. Over the last eighteen years he has raised several million dollars in funding for clients in Europe, and also negotiated strategic alliances, joint ventures, mergers and acquisitions for US and Canadian Companies.
John Gaetz (Director & President), Mr. Gaetz, the founder of UV Technology Inc., brings over 35 years of experience in the manufacturing sector and a strong background in accounting and finance. He has held several senior-level management positions in the past, including the position of Executive Vice-President and Secretary of UVST until its 100% acquisition by SVSY. Prior to UVST, Mr. Gaetz was responsible at various companies for financial administration, engineering, purchasing, production, product development, sales, labor relations, service, installation and quality control. Mr. Gaetz was Vice-President and Director of Administration for Harnischfeger Corporation where he was responsible for the manufacturing and development of naval defense equipment for the Navy of NATO.
Darrell Cho (Secretary), Mr. Cho is the Secretary for the Company. His background includes being the top salesman for Motorola Canada and was responsible for the West Coast sales area. Mr. Cho has over twenty years in sales and advertising and is fluent with all aspects of the marketing of the Company. Mr. Cho is responsible for the structure and organization of the sales and marketing staff of the Company with www.theusedcarlot.com
FOR FURTHER INFORMATION PLEASE CALL OUR INVESTOR LINE at 604-581-2090, email info@irwinenergy.com or visit the web site at www.irwinenergy.com
This press release contains statements, which may constitute "forward-looking" statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.