Stock Symbol: SMY
Listing: Toronto Stock Exchange (TSX)
Web Site: www.samsys.com
TORONTO, Sept. 23 /CNW/ - SAMSys Technologies Inc. (SMY:TSX), ("SAMSys"
or the "Company"), an international provider of Radio Frequency Identification
(RFID) hardware solutions, announced today that David Newble has been
appointed to the Company's Board of Directors.
Mr. Newble is a Chartered Accountant and is Finance Director at BTG plc,
a company listed on the London stock exchange. BTG is a company positioned to
capture value from technologies that will shape the markets of tomorrow. BTG
finds, develops and commercializes technologies that have significant market
potential in the fields of science and technology.
Mr. Newble has extensive experience in financial management; fund raising
for both public and private companies; and the creation and growth of
technology based companies in the fields of high technology and medical
innovation. He is also a director of KetoCytonyx Inc., a private company
developing drugs to treat neurodegenerative disorders. Mr. Newble has a BSc in
Physics from the University of London. He joins William McClean as the second
of two directors which BTG is entitled to nominate.
Cliff Horwitz, Chairman of SAMSys said, "We are delighted that David has
joined SAMSys' board. David, through his association with BTG, a major
shareholder in SAMSys, has an in-depth understanding of intellectual property,
trends and opportunities in RFID industry."
Mr. Newble was appointed to fill the vacancy created by the resignation
today of William Davidson. Mr. Davidson had been a director of SAMSys since
November 2000 and decided to leave the Board of Directors to focus his efforts
on his new RFID solutions company called RFID Resolution Team.
Mr. Horwitz said, "We would like to sincerely thank Bill for his
contribution to SAMSys' board over the past five years. The Company and I will
look forward to remaining in contact with Bill and wish him success with RFID
Resolution Team."
About SAMSys Technologies Inc.:
SAMSys Technologies Inc. (SAMSys), founded in 1995, is a world-leading
provider of radio frequency identification (RFID) hardware solutions designed
to evaluate and recommend optimal RFID solutions to enhance existing business
process. SAMSys offers a family of products to simplify the installation and
ensure the ongoing performance of the overall RFID hardware infrastructure.
SAMSys is a public company whose shares are listed for trading on the TSX
Exchange under the symbol: "SMY". Visit SAMSys at www.samsys.com and
www.investorfile.com.
THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION. ACTUAL FUTURE
RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTEMPLATED. THE RISKS,
UNCERTAINTIES AND OTHER FACTORS, BOTH KNOWN AND UNKNOWN, THAT COULD INFLUENCE
ACTUAL RESULTS MAY BE SUBSTANTIAL AND INCLUDE THOSE DESCRIBED IN DOCUMENTS
FILED WITH REGULATORY AUTHORITIES, SUCH AS THE COMPANY'S MOST RECENTLY FILED
ANNUAL REPORT AND ANNUAL INFORMATION FORM. ACCORDINGLY, NO ASSURANCES CAN BE
GIVEN THAT ANY OF THE EVENTS ANTICIPATED BY THE FORWARD-LOOKING STATEMENTS
WILL TRANSPIRE OR OCCUR, OR IF ANY OF THEM DO SO, WHAT BENEFITS THE COMPANY
WILL DERIVE THEREFROM.
