John,
Here's some news from this afternoon. CII added Ross G. Morrison to the Cryopak Board. He's a businessman with experience. This should benefit the company and the shareholders.
There's been good support at the $1.00 level. I've noticed that there is almost always a good sized bid for 10,000 or 25,000 shares at that level. Looks like we'll stay in this range ($0.98 to $1.15) until we have a few more new buyers come along.
I wonder when they will announce a new contract? One I'd really like to see would be with FedEx or another large carrier. I would also make sense that a sea food company (companies that will ship fresh lobster, fish, etc., straight to your door overnight) would
want to use the product to ship the food. It does the job better and it's lighter than using ice - you could use less - and therefore not as costly to ship.
Anyway, here's the announcement.
Brian
P.S. Notice the last portion of the press release that makes reference to what CII does - bold is mine:
"and internet directed retail and commercial shipping networks"
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CRYOPAK INDUSTRIES INC ("CII-V;CYPKF-L") - Appointment Notice
The Board of Directors of Cryopak Industries Inc. is pleased to announce the election of Ross G. Morrison to the Cryopak Board, effective immediately.
"The Board is extremely pleased to be joined by someone of Mr. Morrison's calibre and experience," said Mr. Harry Bygdnes, President and CEO of Cryopak Industries Inc.
Mr. Morrison is president of the Bunn-O-Matic Corporation of Canada Ltd., a subsidiary of the Bunn Corporation, North America's leading manufacturer of commercial coffee brewing equipment and other accessories. He is responsible for all facets of the company's operations, including manufacturing, sales, marketing, finance, and administration. Prior to joining Bunn-O-Matic, Mr. Morrison served as president of Sealed Air of Canada Ltd., a subsidiary of Sealed Air Corporation, which manufactures a broad range of packaging materials and equipment. He has previously held positions at the vice
presidential level with Colgate-Palmolive Inc. and the American Hospital Supply Corporation.
Cryopak Industries Inc. develops, manufactures and markets temperature-controlled products and packaging systems for the
transport of pharmaceuticals, seafood, airline food and beverages, and internet directed retail and commercial shipping
networks. TEL: (604) 685-3616
Harry Bygdnes, President FAX: (604) 685-9170 TOLL FREE: 1-800-667-2532 E-MAIL: cryopak@cryopak.com
INTERNET: www.cryopak.com
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