ETX Systems

Press Release

Date: September 10, 2006

ETX Systems adds seasoned energy analyst to Board

CALGARY, AB – ETX Systems Inc. has added depth to its board with the addition of Randy Ollenberger. Mr. Ollenberger is a respected and seasoned energy analyst with BMO Nesbitt Burns.

"Bringing on Randy as a resource adds a whole new dimension to our company. As we continue to grow we have a recognized need to add to our business acumen. Gaining access to the talents and knowledge that Randy brings is certainly a positive move for us.", explains Gerard Monaghan, CEO. "The perspective that Randy brings will provide insight that was not available to us in the past. This will increase confidence in our cash flow modeling and market predictions, further reducing risk for our investors."

Randy Ollenberger leads BMO Capital Markets’ coverage of the North American oil and gas industry. Randy has been an energy analyst since 1996 and has consistently been among the top ranked oil and gas analysts in Canada. In the 2006 Brendan Wood International Survey, he was ranked as an ‘All Star’ analyst.

ETX Systems Inc. is a fit-for-purpose private entity based in Calgary, AB, whose sole mandate is to commercialize its patented IYQ Upgrading technology. The process claims to deliver revolutionary yields and qualities relative to delayed coking, for significantly less cost per barrel. The increased production of high quality liquids leads to reduced environmental impact, leveraged through both the upstream and downstream scope.  For more information contact Gerard Monaghan, CEO of ETX Systems Inc. (gerard.monaghan@etxsystems.com).

IYQ Upgrader Logo