[February 07, 2005] Diversified Industries Appoints Director of Investor Relations Communications Tweet SIDNEY, British Columbia --(Business Wire)-- Feb. 7, 2005 -- Diversified Industries Ltd. (TSX VENTURE:DVS) announces the appointment of John Arlitt as Director of Investor Relations Communications commencing Febuary 1, 2005. Mr. Arlitt will manage Diversified's communications with underwriters, brokers, market makers, shareholders, potential investors, financial analysts and other related parties. This is the second time Mr. Arlitt has worked with Diversified on its investor communications. Two years ago, Diversified hired him as an independent investor relations consultant; however, according to Stephen Davis, President & CEO of Diversified, the company wasn't quite ready for Mr. Arlitt at that time. "We frankly couldn't sustain the positive response he generated. Now, I believe the company is in a better position to support Mr. Arlitt's efforts given the kind of growth we expect to achieve in both sales revenue and on the investor relations side of the business." Mr. Arlitt has been helping companies achieve their corporate and financial goals through his numerous business contacts and associations throughout North America and Europe. As well, he has served as a director for several public corporations. In his new position at Diversified, Mr. Arlitt will also assist the company in developing presentation materials, corporate mailing pieces, brochures, shareholder communication materials and any other collateral materials. The Services Agreement with Mr. Arlitt will be on a quarterly basis beginning Febuary 1, 2005. The company will pay a monthly retainer fee of $5,000 plus GST and expenses related to the services, and will grant 100,000 incentive stock options priced at $0.61 per common share. The Agreement is subject to acceptance by the TSX Venture Exchange. As Diversified has decided to build investor relations capabilities within the company, its investor relations contract with Hedlin Lauder Associates Inc., which expired February 1, 2005, has not be renewed. Diversified Industries specializes in the development and commercialization of innovative products and solutions that target a cross-section of industries. At present, the company has three technologies in various stages of research, development and commercialization. Its lead product, DVS 6000, an innovative hydrogen sulphide scavenger, is experiencing increasing sales to the oil and gas industry in western Canada, the U.S. and international markets. Diversified Industries is headquartered in Sidney, British Columbia, and has a product development and marketing facility in Edmonton, Alberta. Statements made in this news release that relate to future plans, expectations, events or performances are forward-looking statements. Such statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. Diversified Industries Ltd. (TSX VENTURE:DVS) [ Back To TMCnet.com's Homepage ]