Braintech Adds Two U.S. Directors to Board
New Directors to chair Audit and Governance Committees.
Vancouver, BC (PRWEB via PR Web
Direct) August 29, 2005 -- Braintech, Inc. (OTCBB: BRHI), a leading provider
of vision guided robotic ("VGR") software solutions, announced today that
Richard M. Torre of California and Dr. Drew Miller of Nebraska have joined
Braintech's Board of Directors.
Owen Jones, Braintech's CEO states,
"Braintech shareholders are very fortunate to have these two individuals with
their extensive business backgrounds join our company as independent directors.
Each brings strong financial and business expertise that will help the Board
guide Braintech through its initial growth phase. I'm very pleased that both
Dick and Drew have consented to act as Directors and look forward to drawing on
their expertise and experiences to achieve our objectives."
Following are
brief resumes of each Director:
Richard M Torre has over 30 years of
diversified national and international finance and business experience in New
York, Dallas, Los Angeles and Montreal, specializing in mergers and
acquisitions, corporate finance and investment advisory services. Mr. Torre is
an active board member for a variety of public and private firms and civic
organizations. Presently he is Chairman of Signature Eyewear Inc (OTCBB) and The
Hydrogen Fund as well as Vice-Chairman of JLM Foodservices Inc. He is also
President of MMT Investors Inc., Managing Partner of Dauntless Capital Partners,
LLC, and a member of the Boards of both Airecomm Wireless Inc and Cosco Inc. He
has completed terms as Vice-Chairman of Pacific Mercantile Bank (NASDAQ) and as
Chairman of Exceed Capital Holdings (CDNX). He is the former Chairman of the
highly regarded Forum for Corporate Directors and is currently a member of the
Executive Board of the Graduate School of Management at the University of
California, Irvine. Additionally he is a member of the Association for Corporate
Growth and the Southern California Investors Association. Mr. Torre's corporate
career began with Mill Factors Corp. and subsequently included Philadelphia
National Bank / Congress Financial and Bank of Virginia in their New York and
Montreal subsidiaries. Subsequently he served as senior Vice-President of Heller
Financial in Los Angeles, responsible for the firm's factoring and asset based
lending on the West Coast, the Orient and Australia. He has been a guest
lecturer at Pepperdine University, the US Naval Institute, City College of New
York, Woodbury University, the New York Institute of Credit (it's former
President) and Melbourne University on a diverse range of topics, principally
business finance and strategy and tactics of the Pacific War 1937-1945.
Particularly notable has been his commitment to the establishment of the USS
Missouri as a National Monument at Pearl Harbor and his support of the National
World War II Memorial, Washington D.C. which was commissioned as a National
Monument on May 29, 2004.
Mr. Torre will be appointed as Chairman of
Braintech's Corporate Governance Committee and will assist with financing and
the development of corporate strategy.
Dr. Drew Miller has been the
President of Heartland Consulting Group since 1994. He serves on the Board of
Directors and Audit Committee of Signature Eyewear Inc (OTC). In past positions
he served as President of Financial Continuum, a financial planning firm; Vice
President of Planning and Development at Securities America, one of the largest
independent broker-dealers in the United States; and President of Global Vantage
Securities, an investment banking firm. Dr. Miller is a Certified Management
Accountant, Certified Mergers and Acquisitions Advisor, Certified Financial
Planner and a Certified Government Financial Manager. Dr. Miller began his
business career at ConAgra Inc in their Corporate Planning and Development
department after serving as an Air Force intelligence officer. Dr. Miller served
in the Pentagon in the Senior Executive Service, and continues to pursue defense
analysis work as a consultant with the Institute for Defense Analyses and a
Colonel in the USAF Reserve. Dr. Miller is a summa cum laude graduate of the
U.S. Air Force Academy, and received an academic scholarship to Harvard
University's Kennedy School of Government where he earned a Masters Degree and
PhD in Public Policy. He currently serves as a member of the University Of
Nebraska Board Of Regents.
Dr. Miller will be appointed as Chairman of
Braintech's Audit Committee and will assist with the company's development of
new business opportunities in the government and defense
industries.
About Braintech (OTCBB: BRHI) – For more information, visit
www.braintech.com.
Statements in this document that are not purely historical are
forward-looking statements and reflect the current views of management with
respect to future events and are subject certain risks, uncertainties and
assumptions. It is important to note that the Company's actual results could
differ materially from those in such forward-looking statements. Factors that
could cause actual results to differ materially include risks and uncertainties
such as technical difficulties in developing the products; competition from
other suppliers of similar products; pricing that may not be acceptable to
potential markets; and many other known and unknown factors. Readers should also
refer to the risk disclosures outlined in the Company's 10-KSB and 10-QSB Forms
filed from time to time with the SEC.
Contact:
Jennifer
Summers
Braintech Inc.
#102 – 930 W 1st Street
Vancouver BC V7P
3N4
604-988-6440 x 202
e-mail protected from spam bots
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