TORONTO, July 03, 2018 (GLOBE NEWSWIRE) -- Enssolutions Group Inc. (TSX-V:ENV.H) (OTC Pink Sheets:NSLSF) (“Enssolutions” or the “Company”), a manufacturer and distributor of environmentally responsible emulsion products for a wide variety of industrial and commercial market demands, announced today that Mr. James D. Staudohar, the Company’s President and Chief Executive Officer, has ended his tenure as President and Chief Executive Officer effective June 30, 2018, the date of the expiration of his fixed term employment contract, which had been extended for an additional six months past its original expiration date of December 31, 2017. Mr. Staudohar has concurrently resigned as a member of the Board of Directors.
Mr. Jeremy Schoenfelder, the Company’s current Chief Operating Officer, will succeed Mr. Staudohar in the role of President and Chief Executive Officer.
“On behalf of the Board, I would like to thank Jim for his significant contributions to the business of the Company and wish him continued success in the future, and we are delighted to have Jeremy as our new President and CEO. Jeremy arrives at the position well qualified and well versed in the Company’s operations as we attempt to continue to grow the business,” said Mr. Mark Young, Chairman of the Board of Directors of the Company.
Prior to joining Enssolutions as COO earlier this year, Mr. Schoenfelder was the founder and President of Sienna Partners, LLC, a consulting firm that has served, among other industries, various real estate businesses including finance, contracting and sales organizations. He previously served as Vice President of Project Development for Walton Development & Management, a real estate investment firm based in Canada with assets under administration in excess of $4 Billion, and played a significant role in obtaining the approval of projects from the United States Citizenship and Immigration Service, a division of the Department of Homeland Security. Mr. Schoenfelder previously served as a portfolio manager for two real estate investment funds and was also heavily involved in business development. His experience has allowed him to make contacts within the real estate and investment fields, in both the private and public sectors.
About Enssolutions
Enssolutions manufactures, distributes and applies environmentally responsible products to meet a wide variety of industrial and commercial market demands. Enssolutions provides engineered environmental solutions for mine tailings control, process dust and erosion control, granular stabilization, road construction/maintenance and stockpile sealing. It has production facilities in Beamsvile, Ontario and Phoenix, Arizona that service some of North America’s largest mining, steel, cement, and road construction/maintenance companies as well as numerous public road authorities.
For more information on Enssolutions, please visit www.enssolutions.com .
Certain information in this news release constitutes forward-looking statements. When used in this news release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
For Further Information:
Mark Young Chairman of the Board Tel: (877) 520-6767 Email: jims@enssolutions.com
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