NEWS RELEASE TRANSMITTED BY Marketwired
FOR: Divestco Inc.
TSX VENTURE SYMBOL: DVT
JULY 11, 2014
Divestco Appoints Interim CFO
CALGARY, ALBERTA--(Marketwired - July 11, 2014) - Divestco Inc. (TSX
VENTURE:DVT) ("Divestco" or the "Company") is pleased to
announce the appointment of Richard Kines as Interim CFO effective June 23,
2014. Mr. Kines brings over 35 years of financial management experience in
upstream and downstream sectors of the oil and gas industry, oil and gas
service industry, merchant banking and public accounting service sector.
Mr. Kines was most recently working as Interim CFO at a private oil and gas
company and was CFO of Connacher Oil and Gas Limited from 2004 - 2012. Mr.
Kines has extensive experience in instituting and maintaining financial
controls, investor relations, tax planning, regulatory reporting and banking.
Mr. Stephen Popadynetz has resigned his role as CFO but remains president and
CEO of Divestco. Mr. Popadynetz commented, "Richard is extremely well
qualified to act as our CFO." "His deep leadership experience will
help complement our team and provide us with the knowledge to strategically
transform our financial position and to access and deploy new capital and
Mr. Kines is a chartered accountant who earned his B.Comm from the University
About the Company
Divestco provides innovative geoscience solutions to Energy and Service
companies worldwide. Our customers predominantly operate in geology,
geophysics, land and engineering and we work with our clients to ensure they
have the right solutions, at the right time, to help them make more informed
decisions. Commitment, innovation, accountability and agility form the
cornerstone of our values and enable us to consistently provide reliable
solutions and exceptional, personalized service in all of the core areas in
which we operate. Divestco provides Software & Data, Seismic Processing,
Geomatics Services, Seismic Data & Brokerage, and Land Services. Divestco
is headquartered in Calgary and trades on the TSX Venture Exchange under the
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 news release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. Stephen Popadynetz
CEO, President and CFO
INDUSTRY: Energy and Utilities - Oil and Gas
-0- Jul/11/2014 15:50 GMT
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