Company News
National Challenge Appoints Gary Kain, Former CEO of Regional Cablesystems Inc., to its Board of Directors
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National Challenge Systems Inc.
3700 Steeles Avenue West, Suite 601
Woodbridge, Ontario L4L 8K8
TEL: (905) 264-7700 FAX: (905) 264-7273
E-mail: info@nationalchallenge.com
Website: www.nationalchallenge.com
February 19, 2007 TSX Symbol: NLC
NEWS RELEASE
National Challenge Appoints Gary Kain, Former CEO of Regional Cablesystems Inc., to its Board of Directors
Woodbridge, Ontario - February 19, 2007. National Challenge Systems Inc., a leader in the provision of vacuum truck services for the collection, treatment and disposal of non-hazardous liquid waste, is pleased to announce the appointment of Mr. Gary Kain to its Board of Directors. Mr. Kain is a successful entrepreneur with extensive financial and funding experience in the Canadian public markets.
Mr. Kain founded Regional Cablesystems Inc. in 1988 and was its CEO and Chairman of the Board. A cable television, high speed internet and telecom company with operations in Canada and the Bahamas, Regional (later renamed Persona Inc), was listed on the TSE and sold in 2004 for gross proceeds of $406 million.
"Gary's experience starting a public company, raising in excess of $2 billion to grow that company and then building it to the point where it was included in the TSE 300 index, will be a great benefit to National Challenge." said Mr. Charles Buehler, the Company's CEO. "We are very pleased to have him on board."
From 1984 until 1988, Mr. Kain was with Canadian Satellite Communications Inc. (Cancom), a T.S.E. listed satellite communications and broadcasting company, where he held the positions of VP Finance, CFO and then COO.
Mr. Kain obtained a BA and a MBA from McMaster University and is a Chartered Accountant. He also obtained a CBV designation from The Canadian Institute of Chartered Business Valuators.
Mr. Kain is (or has been) a member of the board of directors of McMaster University, Sheridan College, Oakville Hydro Ltd., Cable Bahamas Ltd., and The Community Foundation of Oakville. He was a member of the Canadian government appointed Local Network Convergence Committee; the author of a number of articles on business valuations; and, a lecturer for the Law Society of Upper Canada and the Ontario Institute of Chartered Accountants.
This press release is available on the Company's official on-line investor relations site for investor commentary, feedback and questions. Investors are asked to visit the investor relations section of the Company's website at http://www.nationalchallenge.com/NCS_Investor.asp. Alternatively, investors are asked to e-mail all questions and correspondence to Info@NationalChallenge.com where they can also request addition to the National Challenge investor e-mail list to receive all future press releases and updates directly.
About National Challenge Systems Inc.
National Challenge is Canada's largest provider of vacuum truck services for the collection, treatment and disposal of organic and other non-hazardous liquid waste. NCS services in excess of 8,000 commercial, industrial, institutional and residential customers in Ontario, Quebec, and British Columbia. Further information about NCS may be obtained at the Company's web site at www.nationalchallenge.com .
CONTACT INFORMATION
Corporate Inquiries
Charles H. Buehler,
Chief Executive Officer
info@nationalchallenge.com
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