Edmonton, Alberta - June 5, 2007 - Matrikon (TSX:MTK) announced that Amin Rawji has stepped down as President and Chief Executive Officer (CEO) and resigned as a member of Matrikon’s board of directors effective immediately. Company founder Nizar J. Somji will resume the role of President and CEO. As Nizar is currently interim Chief Financial Officer (CFO), Matrikon will begin to actively search for a permanent CFO. "We thank Amin for his significant contributions to Matrikon’s growth and success over the past 12 years," said Somji.
"Amin played an instrumental role in establishing Matrikon as an international leader in the industrial intelligence space. We wish him continued success." Amin Rawji stated: "I want to thank my colleagues at Matrikon and, in particular, Nizar for their support over the years. Together we have built a strong company that can only become stronger in the coming years." Conference Call Wednesday, June 6 at 9:00 am Eastern Matrikon President and CEO Nizar J.
Somji will hold a conference call tomorrow morning at 9:00 am Eastern time (7:00 am Mountain time). To participate live, call 416-644-3414 in the Toronto area and 1-800-732-9307 for all other areas. A replay will be available until midnight on Wednesday, June 13, 2007.
To access the playback service, please dial 416-640-1917 in Toronto or 1-877-289-8525 elsewhere, passcode 21235545 followed by the pound sign.The call will also be webcast at: www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1899480
About Matrikon
Matrikon is a leading provider of industrial intelligence solutions that enable manufacturing plants to achieve operational excellence by transforming production data into knowledge to predict and prevent problems and optimize operations. Matrikon's customers achieve agile operations through the combination of external market and plant data to make informed, intelligent decisions in real-time. With offices in major cities throughout North America, Asia-Pacific, Europe and the Middle East and a global client base including industry leaders in a wide range of process industries, Matrikon's reach is global.Matrikon trades on the Toronto Stock Exchange under the trading symbol MTK.