GUELPH, ON, Sept. 8, 2011 /CNW/ - BIOREM Inc. (TSX-V:BRM) today announced that the employment of Mr. Robert Wood, Chief Financial Officer, has been terminated effective September 7, 2011.
About BIOREM Inc.
Biorem is a leading clean technology company that designs, manufactures
and distributes a comprehensive line of high-efficiency air emissions
control systems used to eliminate odors, volatile organic compounds
(VOCs), and hazardous air pollutants (HAPs). With sales and
manufacturing offices across the continent, a dedicated research
facility, a worldwide sales representative network and over 700
installed systems worldwide, Biorem not only offers state-of-the-art
technology-based products but also peace of mind for municipalities,
industrial companies and their surrounding communities. Additional
information on Biorem is available on our website at www.biorem.biz.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This press release contains forward-looking statements based on current
expectations. These forward-looking statements contain various risks
and uncertainties that could cause actual results to differ materially
from those reflected in the forward-looking statements. Risks and
uncertainties about the Company's business are more fully discussed in
the disclosure materials, financial statements and MDA filed with the
securities regulatory authorities in Canada on www.sedar.com
Non-GAAP Measures
"Order Bookings" and "Order Backlog" do not have any standardized
meaning prescribed by Canadian generally accepted accounting principles
("GAAP") and may not be comparable to measures presented by other
companies.
Order Bookings and Order Backlog are non-GAAP measures that the Company uses to evaluate its sales performance. Order Bookings are those binding contracts that the Company enters into with a third party for the delivery of our products or services. As Order Bookings are received, the contract value (before any associated sales taxes) is included in the Order Backlog. The Order Backlog is reduced by the revenue that is recognized on each project.