Dynex Power Announces Changes in Board

September 11, 2002 by Jeff Shepard

Dynex Power Inc. (UK) announced the retirement of Jack Lawrence from its board of directors and the appointment of Richard Carl who is a Partner at Lawrence and Company (Toronto, Canada. Carl has broad-based experience in investment research, equity sales and trading.

"First, on behalf of the board and the senior management of the company, I would like to express our deep gratitude to Jack for the contributions he has made to the company since joining the board in June 2001," said Michael LeGoff, president and CEO. "We are very pleased and fortunate to have Richard Carl appointed as his replacement. Richard's experience in capital markets and investment banking will add to the strengths and diversity of the current board to maintain a strong team to effectively oversee and manage the company through these uncertain economic times."