VANCOUVER, British Columbia, May 25, 2006 (PRIMEZONE) -- Braintech, Inc. (OTCBB:BRHI), a leading provider of vision guided robotic, ("VGR") software and solutions, announced today the appointment of Mr. Cliff G. Butler to its Board of Directors.
Mr. Butler is currently President and Chief Executive Officer of the BAS Group, Inc., a privately held automotive service center, Managing Member of 14720 Southlawn, LLC, a private company that owns and manages commercial investments and commercial real estate, and President and Chief Operating Officer of Aviation Facilities Corporation, Inc., an aviation real estate venture that owns and operates the leasehold for 60 individual aircraft T-Hangers for the indoor storage of aircraft. Through the 80's and early 90's, Mr. Butler was a lessee member of Congressional Air, Ltd., an aircraft charter operation, and played a vital role in its success. Mr. Butler has over 33 consecutive years of entrepreneurial experience in the private sector.
Mr. Butler resides in the state of Maryland.
Owen Jones, Braintech CEO stated, "We recently signed a global agreement with industrial giant ABB that provides us with world-wide market access secured with a US$10.5 million minimum purchase guarantee to the end of 2008. As such, the outlook for Braintech has radically improved.
I want to take full advantage of our improved situation and make changes to the Board of Directors and Management that will maximize our ability to grow. To this end, I've asked Cliff to join the Board because of his background in making small companies into successful revenue generating businesses."
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Statements in this document that are not purely historical are forward-looking statements and reflect the current views of management with respect to future events and are subject to certain risks, uncertainties and assumptions. It is important to note that the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include risks and uncertainties such as technical difficulties in developing the products; competition from other suppliers of similar products; pricing that may not be acceptable to potential markets; and many other known and unknown factors. Readers should also refer to the risk disclosures outlined in the Company's 10-KSB and 10-QSB Forms filed from time to time with the SEC.