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Technology Stocks : Thermo Tech Technologies (TTRIF)

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To: john b who wrote (6283)	3/26/2001 10:31:01 AM
From: CAYMAN	of 6467

Int'l Bio-Recovery Appoints President and CEO International Bio-Recovery Corp - News Release International Bio-Recovery Corp IBR Shares issued 14,287,511 2001-03-23 close $1.3 Monday Mar 26 2001 News Release Mr. Ross MacLachlan reports Frank Dixon has been appointed president and chief executive officer effective April 1, 2001. Ben Van Dyk will continue to be involved in the company as non-executive chairman of the board. The board of directors has accepted Dick Van Dyk's resignation as director. The board expresses its gratitude and appreciation to Dick Van Dyk for his years of valuable service to the board. Concurrently, Mr. Dixon has been appointed to the board of directors. These actions are part of the company's stated priority to transition to a seasoned professional management team and to change the composition of the board of directors. Separating the chairman and the chief executive officer roles provides the added benefit of more clearly establishing the board's accountability to the shareholders and management's accountability to the board. Since the founding of the company, Ben Van Dyk has been chairman, president and CEO. Mr. Dixon joined the company in January, 2001, as executive vice-president. Ben Van Dyk stated: "At the annual general meeting held Dec. 11, 2000, I announced my plan to step down as CEO within six months. Since then, Frank was recruited and quickly won the respect of everyone, including myself. I am confident that Frank's experience and professional background will help position the company for the demands of growth and commercial application of our unique technology." (c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com International Bio-Recovery Corporation (IBR) 52 Riverside Drive North Vancouver BC Canada V7H 1T4 Tel: (604) 924-1023 Fax: (604) 924-1043 Email: ibrcorp@direct.ca IBR Web-site: ibrcorp.com Ross MacLachlan Investor Relations T. 604.924.1023 Email: ross@ibrcorp.com Daniela Louie Corporate Communications T. 604.924.1023 Email: dlouie@ibrcorp.com

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