Coretec Inc. announces the appointment of Jeffrey Canavor as Vice President, Marketing and Sales

Coretec Inc. (TSX: CYY) announced the appointment of Jeffrey Canavor as Vice President of Marketing and Sales effective July 19, 2004. Mr. Canavor will assume the leadership role for Coretec's marketing and sales activities worldwide. Mr. Canavor brings to Coretec over 20 years of related industry expertise and most recently held several senior executive roles with a major EMS company in North America and Europe. Mr. Canavor received his MBA from York University and a Bachelor of Science Degree (Mechanical Engineering) from the University of Waterloo.

"We have conducted a thorough search across North America to fill this strategic position and are thrilled that we have been able to attract someone of Jeff's stature and experience to our organization. We believe that his career and education background will help us execute and accelerate our growth plans particularly in regards to Tier 1 OEM and EMS penetration. In addition, we believe that Jeff's experiences within a larger electronics company framework will serve Coretec very well in terms of staff mentoring and motivation," said Paul Langston, Coretec's President and CEO.