ETX Systems

Press Release

Date: December 12, 2007

ETX Systems Inc appoints George Crookshank to its Board of Directors

CALGARY, AB – ETX is pleased to announce the appointment of George Crookshank to its Board of Directors effective Dec. 12th, 2007. George has over 25 years of experience in the Oil and Gas industry. He has been Chief Financial Officer for a number of different companies including EnSource Energy Services Inc., Newport Petroleum Corporation, Ocelot Energy Inc., and CS Resources. As the first Chief Financial Officer for OPTI Canada, George was engaged in raising equity and debt in excess of $5.0 billion in support of OPTI’s oil sands activities. From the time of George’s initial hire in 2002 until his retirement in 2007, OPTI Canada successfully transitioned from a private entity with an initial capitalization of $40 million to a multi-billion dollar public company with significant presence in the oil sands industry.

“With the time and effort George has devoted to ETX over the past several months he has gained an appreciation of the ETX Upgrading technology. George has been very helpful in developing a business case that will help ETX Investors realize greater value in their investment. He has a wealth of relevant experience that truly adds to our existing base”, said Gerard Monaghan, President and CEO of ETX Systems Inc. “I appreciate the diligence George has exercised to arrive at this point and his commitment to making a real contribution. I am pleased to welcome him to the ETX Board”.

Mr. Crookshank is a chartered accountant with a MBA from the University of Alberta. He has undergraduate degrees in business and education from Acadia University.

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. (

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