ETX Systems

Press Release

Date: January 20, 2007

Chief Technology Officer appointed at ETX Systems

CALGARY, AB – ETX Systems Inc. is pleased to announce the appointment of Wayne Brown as its Chief Technology Officer. Dr. Brown has been associated with the ETX Upgrader since its inception, and has experience in technology development in a variety of industries.

"Wayne has been associated with the development of the technology since the beginning. This appointment simply formalizes this role.", says Gerard Monaghan, CEO. "As we move closer to commercializing our technology, it is apparent that we need an individual to look after our long term interests. We need to make sure that all of the programs that we are embarking upon are aligned technically with where we need to be."

Dr. Brown is also acting as the Chief Operating Officer for ETX Systems.

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).

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