Carmanah Reports Successful Results at Annual General Meeting

 

VICTORIA, BRITISH COLUMBIA CANADA (June 22, 2011) Carmanah Technologies Corporation (TSX: CMH), is pleased to announce that all resolutions proposed at its annual general meeting held on June 21, 2011 (the "AGM") were duly passed.

Of the shareholders that voted, approximately 98% approved the re-appointment of Rob Cruickshank, Ted Lattimore, Bob Wiens, and Peter Berrang as directors. Also, Dr. David Green was newly appointed as a director of Carmanah.

Before the AGM, Robert Logan decided to not stand for re-election. “I want to thank Rob for his many years of valuable service to Carmanah during his long tenure as a director. We wish him great success in his future endeavors,” said Rob Cruickshank, Chairman of Carmanah’s Board of Directors.

"We are pleased that despite the current postal strike in Canada, almost 40% of the common shares were represented at the AGM,” noted Ted Lattimore, Carmanah’s CEO. “Our shareholders responded positively with an overwhelming majority to the resolutions that were presented by management. With no objection or contrary votes of any significance, the vote of confidence allows us now to collectively focus on continuing to build Carmanah as a leader in the industry and taking all measures to aggressively defend and bring the Lightech action to an end.”

 

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About Carmanah Technologies Corporation
As one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial applications worldwide. Industry proven to perform reliably in some of the world's harshest environments, Carmanah solar LED lights and solar power systems provide a durable, dependable and cost effective energy alternative. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH”. For more information, visit www.carmanah.com.

 
 
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This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will” or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Carmanah to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties. For additional information on these risks and uncertainties, see Carmanah’s most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Company’s website at www.carmanah.com. The risk factors identified in Carmanah’s AIF and MD&A are not intended to represent a complete list of factors that could affect Carmanah. Accordingly, readers should not place undue reliance on forward-looking statements. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.