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Wednesday, September 21, 2011
Active Control Appoints New Management And Adds Director To Board
Toronto
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TORONTO, Ontario September 21, 2011 - Active Control Technology Inc. (“Active” or the “Company”), a
leading provider in the design, manufacture and marketing of both wireless and fiber network solutions for mine
communications, and the commercial security and access control industries, announced today that, Jonathan
Emanuel has been appointed CEO of the Company and Graham Warren has moved to the role of CFO of the
Company on an interim basis. Active is also pleased to announce that Michael Wolfe has agreed to join the
Board of Directors, subject to regulatory approval. Mr. Wolfe has been appointed Chairman of the Audit
Committee.
Jonathan Emanuel has been the CEO of PowerCart Systems Inc. (“PowerCart”) since 2008 and during this
period has grown both the margins and revenues. Prior to PowerCart, Jonathan worked on the successful
restructuring and sale of a technology company for one of the leading merchant banks in Toronto. Prior to this,
Jonathan worked in technology companies involved with software development and/or consulting. During this
period he was involved in multiple transactions either integrating, acquiring or selling companies. Jonathan has
held a number of senior positions including CFO, CIO and CEO. Mr. Emanuel has been intimately involved in
the operations of the Company for the last four months and has agreed to take on the role of CEO.
Graham Warren has been a Director of Active since 2004 and was the CFO of the Company until the fall of
2009 and took on the role of interim CEO following the resignation of Cameron Sturgess in December, 2010.
Mr. Warren has handed the reins of the Company over to Mr. Emanuel.
Michael Wolfe is currently VP Finance at Masstech Group Inc. He is a finance professional with extensive
experience in private equity, business valuation and accounting, working primarily with mid-market companies.
Prior to joining Masstech, he worked at several prominent private equity firms and two international accounting
firms. Mr. Wolfe is a Chartered Accountant (CA), a Chartered Business Valuator (CBV) and has a Master of
Business Administration degree.
"Having worked closely with Jonathan Emanuel for the last four months, I am pleased that he is taking on the
responsibility of the CEO of the Company. Jonathan will be able to devote his full-time attention to integrating
the operations of the Company and PowerCart and realize on the tremendous synergies and business
opportunities available to the merged entities”, said Graham Warren, Active’s CFO and former CEO. Jonathan
Emanuel, the Company’s new CEO stated: “We are very pleased to welcome Michael Wolfe to Active’s Board.
His broad financial experience and background will be a tremendous asset to the Company and will fill the void
created by the resignation of Paul Jaggard.” Jonathan Emanuel further stated: “I look forward to taking on the
challenge of CEO for Active to realize the technological and revenue growth available to the Company.”
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