Jenex Announces Appointment of New CEO and Board Changes

February 11, 2016 8:00 AM EST | Source: Therma Bright Inc.

Toronto, Ontario--(Newsfile Corp. - February 11, 2016) - The Jenex Corporation (TSXV: JEN.H) ("Jenex" or the "Company") announces the appointment of David Duranovich as CEO & Director of the Jenex Corporation.  David is a results oriented finance and sales and marketing professional with a track record for revitalizing sales operations, increasing revenues and improving margins. David has a reputation for creating and maintaining strong relationships with high profile Bay St. advisors and financial planners providing superior customer service to a diverse client base ensuring retention and growth of customers.  A skilled communicator and facilitator with strong analytical and problem solving skills who has excellent knowledge of equity markets and an extensive professional network that crosses multiple industries. David has received multiple sales awards at former employers Dynamic Mutual Funds, TD Asset Management, Man Investments Canada and more recently Maple Leaf Funds. David is tasked with utilizing his skill set to revitalize the Jenex Corporation and grow its existing and new consumer products.

"We are pleased and looking forward to working with David as he builds The Jenex Corporation into a major success.  David is a motivated and outgoing leader with an aptitude for building high-performance results." said Rob Fia, Chairman of the Board, The Jenex Corporation.

Jenex is announcing the resignation of CEO, Peter Shippen. In addition, Mr. Shippen will resign from the Board of Directors, effectively immediately.

"I would like to thank Peter for his valuable contributions to Jenex since joining in 2009. Not only was he a key catalyst for change at Jenex, but his relentless energy and thoughtful leadership has continued to help guide the positive transformation of the company," We wish him well in his future endeavors." said Rob Fia, Chairman of the Board, The Jenex Corporation.

Forward Looking Statements

This press release contains forward-looking statements. More particularly, this press release contains statements which include the timing of closing the offering, the anticipated use of proceeds and the receipt of the required approvals. The forward-looking statements are based on certain expectations and assumptions made by Jenex. Although Jenex believes that those expectations and assumptions are reasonable, undue reliance should not be placed on the forward-looking statements because Jenex can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those anticipated due to a number of factors and risks. In addition to other risks, the closing of the offering could be delayed if Jenex is not able to obtain necessary approvals when planned and the offering will not be completed at all if approvals are not obtained or some other condition to the closing is not satisfied. Accordingly, there is a risk that the offering will not be completed within the anticipated time or at all. The intended use of the net proceeds of the offering by Jenex might change if Jenex determines that it would be in the best interests of Jenex to use the proceeds for some other purpose. The forward-looking statements contained in this press release are made as of the date hereof. Jenex disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information please contact:

The Jenex Corporation
Rob Fia
Chairman

Phone: (416) 722-4994
e-mail: rfia@thejenexcorporation.com

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES

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