| Matrikon™ announces Nimal Rodrigo's plans to step down as CFO
Edmonton, Alberta – February 21, 2006
Matrikon Inc. (TSX:MTK) today announced that chief financial officer Nimal Rodrigo will resign as of July 31, 2006 for personal reasons.
Amin Rawji, president and chief executive officer of Matrikon commented: “We thank Nimal for his contributions to Matrikon over the past year and a half, including the tremendous leadership he has provided to the financial team. We are sad to accept his resignation, however we are appreciative of his commitment to ensuring a smooth transition to the new CFO.”
“We are affirming our previous guidance for fiscal year 2006 revenue growth of 10% to 15% and net income growth of 34% to 62%,” continued Rawji.
“I've greatly enjoyed my time at Matrikon and am grateful for the opportunities it has presented to me,” stated Nimal Rodrigo. “I look forward to helping ensure a smooth transition once a new CFO has been found.”
Matrikon will begin an external search for Nimal's replacement immediately to allow ample transition time prior to July 31.
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, Australia , 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 is a trademark or registered trademark of Matrikon Inc.
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