VANCOUVER, British Columbia, Aug. 23, 2005 (PRIMEZONE) -- Zentrac Technologies Inc. (Pink Sheets:ZTCT) is pleased to announce that the company has appointed Mr. Richard Manley and Ms. Julie Hajduk as new outside Directors. Mr. Richard Manley is also taking the position of Chairman of the Board and CEO.
Ms. Hajduk brings to Zentrac 15 years of experience in working with publicly traded companies in the United States and Canada, ranging from the technology sector to resource management. Ms. Hajduk's areas of responsibility have included public and investor relations and various forms of public financing.
Mr. Richard Manley, Chairman of the Board and CEO, will be responsible for arranging directors meetings and setting corporate goals. From 1994 to 1998, Mr. Manley held positions as sales and account manager for a California/Colorado chemical company and marketing, sales, and business expansion responsibilities with a multimedia production company in the Silicone Valley. He also held a position as a stockbroker and portfolio advisor for a security firm.
From 1998 to date, Mr. Manley has been self-employed as a business consultant for a number of public companies. His responsibilities included raising capital, designing and executing innovative marketing strategies, creating strategic business relationships that have enhanced corporate value and perception and facilitating increased shareholder value.
"We believe that Ms. Hajduk and Mr. Manley will be a valuable contribution to our company as we complete our corporate restructuring and launch into the development stage of our business," stated Mr. Robert Craig, President of Zentrac Technologies.
Mr. Richard Smith has voluntarily resigned his positions of Chairman, CEO and Director and will no longer be working for the company.
Zentrac Technologies Inc. has a revolutionary staging system that is being developed for use by marketing groups, advertisers and event promoters to stage public or private events. Utilizing advanced computer sequencing and the latest available technology, a stage that would normally take 24 hours to assemble can now be ready for use in under 10 minutes. Fully deployed, the stage will be approximately 500 sq. ft. with the option to add large LED screens and computer sequenced lighting. It will quickly be the entertainment industry's standard.
For more information on Zentrac please visit us on the web at: www.zentrac.com.
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Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
This press release contains "forward-looking" statements. These statements involve risk and uncertainties that could cause actual results to differ materially. There is no assurance the above described transaction will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are discussed in detail in the company's filings with the S.E.C.