CEMATRIX Announces New Chief Financial Officer

CALGARY, Alberta, Feb. 05, 2024 (GLOBE NEWSWIRE) -- CEMATRIX Corporation (TSXV: CVX) (OTCQB: CTXXF) ("CEMATRIX" or the "Company") is pleased to announce Marie-Josee Cantin (“MJ”) as the new Chief Financial Officer of CEMATRIX, effective February 5, 2024.

MJ brings over 20 years of experience in finance, strategic planning, and operational excellence and we look forward to her contributions in growing CEMATRIX into one of North America’s leading cellular concrete manufactures. In her previous role, MJ was Director of Finance for a top 10 Canadian construction company offering a broad scope in construction services. Her dedication to fostering a collaborative and results-driven culture aligns seamlessly with our core values at CEMATRIX.

Jeff Kendrick, President and Chief Executive Officer, stated: “The Board and I feel very fortunate to add MJ to our team. Her tremendous background in financial and public company management in both the infrastructure and building construction sector are valuable assets and qualities we were looking for when interviewing candidates. MJ will play a key role in executing our current strategic plan of becoming a profitable enterprise while simultaneously growing our backlog. MJ will also play a key role as a member of our senior management team in the development of our future strategies, as we continue to build on the profits and cashflows that CEMATRIX is currently generating. Please join me in extending a warm welcome to MJ as she takes on this critical leadership role in our Company.”

“We also want to thank Randy Boomhour for his invaluable service as our CFO and General Manager of our Canadian Division and thank him for all his accomplishments including his assistance and guidance in raising capital, the clean-up of our balance sheet and for being a strong part of the senior management team that produced record results in the third quarter of 2023 and throughout the balance of the year. We wish him the very best in his new role as Chief Operating Officer in charge of managing the Canadian and US operating divisions,” concluded Mr. Kendrick.

ABOUT CEMATRIX

CEMATRIX is a rapidly growing company that manufactures and supplies technologically advanced cellular concrete products developed from proprietary formulations across North America. This unique cement-based material with superior thermal protection delivers cost-effective, innovative solutions to a broad range of problems facing the infrastructure, industrial, energy and commercial markets. The Company’s wholly owned operating subsidiaries include CEMATRIX (Canada) Inc. (“CCI”), Chicago based MixOnSite USA Inc. (“MOS”) and Bellingham based Pacific International Grout Company (“PIGCO”). This has made CEMATRIX a true leader in North America’s growing Cellular Concrete market.