Immunotec Appoints New Chief Financial Officer

Posted on 04. Oct, 2009 by Dan Mitchell in Network Marketing News

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Source: Stockhouse

Immunotec Inc. (TSX Venture Exchange: IMM), a Canadian based company and a leader in the wellness industry (the "Company") today announces the appointment of Patrick Montpetit to the position of Vice-President and Chief Financial Officer effective immediately. Immunotec today also announced that Richard Patte is retiring from the Company as Chief Financial Officer. Mr. Patte will remain as a director on the Board of the Company and will assist the transition on an advisory basis.

"On behalf of the entire management team and the Board, I would like to thank Richard for his contribution over the past eleven years with the Company and we are pleased that Richard has agreed to provide us with his continued support," said James A. Northrop, President and CEO of Immunotec Inc. "Patrick's extensive international and public company expertise will play an important role as we continue to pursue growth opportunities both locally and internationally and we welcome him to the team". On September 24, 2009, the Board of Directors approved the grant of 100.000 stock options to Mr. Montpetit under the Company's stock option plan at the price of $0.42, which represents the closing price of Immunotec shares as of the close of business on September 23, 2009.

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