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Michael Ball Joins Carmanah as VP of Sales and Marketing
FOR IMMEDIATE RELEASE
Thursday, November 14, 2002
(No.2002-11-22)
MICHAEL BALL JOINS CARMANAH AS VICE PRESIDENT OF SALES AND MARKETING
Victoria, British Columbia - November 14, 2002 - Carmanah Technologies Corporation (TSX VE: CMH; Berlin and Frankfurt Stock Exchanges: QCX) is pleased to announce the appointment of Mr. Michael Ball as Vice President of Sales and Marketing for the company.
"We are very pleased that Mr. Ball has joined the Carmanah team", says Art Aylesworth, Carmanah's CEO. "Michael has an impressive sales and marketing track record in both North America and Europe. He is a strong addition to the company and we feel privileged to have enticed him to join us on Vancouver Island."
Mr. Ball has sixteen years of international marketing and business development experience in technology companies, including five years with Vancouver-based Creo Products Inc. Mr. Ball worked with Creo from 1995 to 2000, during which time the companys revenue increased tenfold, from $70 million to $700 million.
Creo is a world-leading supplier of computer-to-plate (CTP) systems to the graphic arts and printing industries. From 1997 to 1999, Mr. Ball served as the Vice President of Sales, Service and Support for Creos European operations, based in Belgium. During his tenure, sales revenues of the European division grew from $15 million to $70 million and the staff grew from 30 to over 100 people. A key success factor in Europe was his development of a strong distribution network of value-added resellers. Mr. Ball also participated in the acquisition of Creo's largest competitor, Scitex, as well as other merger and acquisition projects.
In 1999, Mr. Ball returned to Canada to take on the role of Vice President of Business Development. In this role, Michael was responsible for developing Creos successful business-to-business e-commerce strategy.
Between 2000 and 2002, Mr. Ball assisted various BC technology firms with strategic planning and market development activities as an independent consultant.
In October 2002, Mr. Ball joined Carmanah as head of it's successful sales and marketing team, which continues to expand growth and establish Carmanah as an industry leader of solar-powered LED lighting products. Since 1998, Carmanah's revenues have increased at an average annual rate of 80%.
About Carmanah Technologies Inc.
Carmanah is an award winning alternative energy manufacturer specializing in patented solar-powered LED lighting solutions for the marine, transit, roadway and railway markets. To-date, the company has more than 50,000 units installed in 110 countries. The shares of Carmanah Technologies Corporation (parent company) are publicly traded on the TSX Venture Exchange under the symbol "CMH" and on the Berlin and Frankfurt Stock Exchanges under the symbol "QCX". For further information, please visit www.carmanah.com.
On Behalf of the Board of Directors
Carmanah Technologies Corporation
Praveen Varshney
Praveen Varshney, Director
For further information, please contact:
Corporate Contact:
Mr. Praveen Varshney, Director
Tel: (604) 629-0264
Toll-Free: 1-866-629-0264
investors@carmanah.com
Media Contact:
Mr. David Davies
Tel: (250) 382-4332
ddavies@carmanah.com
Investor Relations Contact:
Vanguard Shareholder Solutions
Tel: (604) 608-0824
Toll-Free: 1-866-801-0777
vanguard@carmanah.com
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