03:52 PM EST - PharmEng International Inc. : has decided to reduce corporate costs as part of its ongoing efforts to restructure the company. Effectively immediately, the CEO took a 50-per-cent salary reduction and the company's CFO Brian Fielding, Vice-President of Marketing John Durham and Vice-President Charles Ivey have left the company. Further to reducing the size of its management team, the company announced that Bernard Boudreau, Edgar Parker, Aditya Jah, Vasu Chanchlani and Michael Sefton have all resigned from the board of directors of the company effective immediately. PharmEng International Inc.
shares V.PII are trading up $0.005 at $0.04.
