For Immediate Release – November 1, 2004
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) announces the appointment of Mr. Wayne Gibson, National Freight Manager of Teamsters Canada to its newly created industry advisory board.
“As one of North America’s leading designers and manufacturers of brake safety products for the truck and transportation industry, we decided it was appropriate to create an industry advisory board to broaden and enhance the company’s level of familiarity with industry issues and to support Spectra in evolving our long term sales and marketing strategies,” said Andrew Malion, Chairman of Spectra Inc. “The appointment of Wayne Gibson to our advisory board demonstrates our commitment to ensure that a broad cross-section of industry perspectives are available to the company. We are looking forward to benefiting from Mr. Gibson’s extensive knowledge of trucking industry operations.”
Wayne Gibson commented, “I am delighted to be able to share my experience with a company that is both innovative and committed to improving safety for not only the trucking industry but also the traveling public. I am very impressed with Spectra’s products for the trucking industry as Freight Director for Teamsters Canada, which is affiliated with the International Brotherhood of Teamsters. These are solid products.”
Spectra Products Inc. anticipates further announcements relating to membership of its advisory board in the near future.
Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of Brake SafeÒ, the visual brake stroke indicating system and Brake InspectorÒ, the company’s electronic in-cab air brake diagnostic system. During the recent Operation Air Brake roadside inspections conducted in Canada and the United States brake defects were found to be the leading cause of vehicles being put out of service, accounting for 69 percent of major defects (source Operation Air Brake Statistics - September 2004). Spectra’s products are gaining increasing recognition and acceptance as demands for enhanced brake safety increase among regulatory authorities and the motoring public.
Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporation’s customers. Actual results and developments may therefore differ materially from those described in this release.
On behalf of the Board of Directors,
Andrew J. Malion, Chairman, Spectra Inc. www.spectra-ssa.com
Investor Relations: 1-800-308-5255 E-Mail: ssa@spectra-ssa.com
The TSX VENTURE Exchange has neither approved nor disapproved the information contained herein |
