FAIRFAX, Va., Jan. 11, 2006 (PRIMEZONE) -- CTR Investments & Consulting, Inc. (Pink Sheets:CIVX) has accepted the resignation of Paul Palmer as its Chairman and Chief Executive Officer. Mr. Palmer shall remain as a member of the board of directors and will continue to assist the company in the capacity of Chief Development Officer.
The Company is also pleased to announce that Jerry Janik has accepted the position of Chief Executive Officer of the Company effective immediately. Mr. Janik brings a wealth of experience and background in the areas of product development, sales, marketing and finance.
After completing a BBA and an MBA in finance at York University in Toronto, Mr. Janik earned his CFA while spending five years as an institutional analyst specializing in economics with a Montreal-based brokerage firm.
Mr. Janik has broad experience in all aspects of corporate development. Mr. Janik has worked with a number of companies both as consultant and principle to bring about growth when faced with difficult market conditions. He has refinanced the companies by raising significant investment capital, predefined product, reorganized the sales and marketing efforts, generated sales and developed long-term strategy. In most cases he was requested to take a leading executive role providing the fresh start or the lift needed to achieve corporate growth.
Mr. Janik has been involved in a number of industries, such as finance, real estate, restaurant, franchising, high-tech start-ups, security and biometrics. Mr. Janik is also an accomplished energetic public speaker and excellent communicator.
After fifteen years developing the portfolio and performance of Dixtor Investments Limited, an Ontario-based investment and real-estate company, Jerry Janik founded and acted as president of AcSys Biometrics Corp., a position he's held since its inception until December 2002. He is the former Chairman and CEO of NEXUS Group International Inc., a role he held from January 1997 to December 2003. It was through Mr. Janik's insights and significant effort that NEXUS Group entered into the new millennium concentrating on leading-edge technologies in the explosive field of security and biometrics.
Jerry Janik states, "I am excited to join CTR as its CEO, I believe that the companies products are positioned to maximize the growth in the security vertical. With today's world in constant fear of terrorist attacks, it makes me feel good that I am heading up a company that can help counter that threat."
Paul Palmer states, "It gives me great pleasure to work with Jerry and continue the development of the company. His vision and productization expertise will ensure that the company has solid leadership going forward. Jerry will access new markets and continue to refine the company's product set."
For further information about this release and the business at CTR Investments & Consulting, Inc., contact: Jerry Janik CEO, +1- (410) 255-7319, fax: +1- (703) 273-9851. jerryjanik@cablespeed.com
Except for historical information, all other information provided in this news release consists of "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1935. These "forward-looking statements" are subject to risks and uncertainties, which could cause actual results to differ materially from those projected, anticipated or implied. The most significant of these risks and uncertainties are discussed and identified in CTR Investment & Consulting, Inc.'s public filings made with the Securities and Exchange Commission, and include (but are not limited to) a possible inability to raise adequate capital to execute proposed strategies, changes in overall strategy due to economic, regulatory, governmental and/or market conditions, the costs and difficulties related to integration of potentially acquired businesses, potential changes in customer and supplier relationships of potentially acquired firms, changes in governmental regulations, changes in management, and changes in financial markets.