VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/17/14 -- Offsetters Climate Solutions Inc. ("OCS" or the "Company") (TSX VENTURE: COO)(FRANKFURT: 9EA) has elected to postpone the date of the Annual General Meeting until Q1 of 2015. Additionally, Offsetters is pleased to announce that Dr. Robert Falls, current Chairman of the Board will be assuming an active role in the company as Senior Advisor, Special Projects. Accordingly, he has elected to step down as Chairman of the Board effective November 30, 2014. Alexander Zang, current Director, will assume the role of Acting Chairman of the Board until a replacement is decided upon at the forthcoming Annual General Meeting.
"We are excited to have Dr. Falls working alongside our management team again as we expand our product offerings and prepare to launch a suite of new initiatives over the coming months," commented Dr. James Tansey, CEO of Offsetters. "As the current Board representative of our largest shareholder, there will be a seamless transition with Mr. Zang assuming the Acting Chairman role."
James Tansey, Ph.D.
President and CEO
Offsetters Climate Solutions Inc.
About Offsetters Climate Solutions Inc.
Offsetters is Canada's largest and most diversified carbon management solutions company. Its team of industry leaders specializes in the origination, development and commercialization of high-quality carbon offset projects, and through a comprehensive offering of sustainability consultancy services Offsetters helps organizations understand, reduce and offset their climate impact. A merger of ERA Carbon Offsets and Offsetters, Offsetters is based in Vancouver, Canada and has worked with over 150 of the world's most prestigious organizations including Aimia, Vancity, lululemon athletica, Catalyst Paper, Harbour Air, HSE - Entega, and Shell Canada Limited. Offsetters is publicly listed company on the Toronto Venture Exchange (TSX VENTURE: COO) and in (FRANKFURT: 9EA). For more information, please visit us at www.offsetters.ca.
FORWARD-LOOKING STATEMENTS: This document includes forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, the continued advancement of the company's general business development, research development and the company's development of forest-based carbon offsets. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intent", "may", "project", "plan", "should" and similar expressions may identify forward-looking statements. Although Offsetters Climate Solutions Inc. believes that their expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statements. Important factors that could cause actual results to differ from these forward-looking statements include fluctuations in the marketplace for the sale of carbon credits, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
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.
Contacts:
Offsetters Climate Solutions Inc.
David Rokoss
778-945-0951
david.rokoss@offsetters.ca
www.offsetters.ca
