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Computer Modelling Group Announces Appointment of Chief Operating Officer

CALGARY, ALBERTA — (Marketwired) — 04/01/15 — Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG) is pleased to announce the promotion of Ryan Schneider to Chief Operating Officer effective April 1, 2015.

Since joining CMG as Vice President, Marketing in October 2011, Mr. Schneider has expanded the Company–s marketing efforts and assumed responsibility of CMG–s information technology department. In April 2012, he was appointed to Vice President, Marketing and Canadian Sales. In addition to his current duties, Mr. Schneider will assume overall responsibility for all operational units, with the exception of Administration, Finance and Human Resources. The Chief Operating Officer, a new position within CMG, will report to the Chief Executive Officer.

Mr. Schneider holds Bachelor of Science and Master of Science degrees (Electrical Engineering) from the University of Calgary.

“Ryan has taken on increasingly important responsibilities at CMG over the past three and a half years, during which he demonstrated exceptional technical abilities and commitment,” said Ken Dedeluk, President and Chief Executive Officer. “Ryan–s experience and industry knowledge will continue to be important to the entire Company, as he assumes his new role, and, in particular, his outstanding leadership will be invaluable as we continue to grow our business. On behalf of our Board of Directors and management team, I congratulate Ryan on his appointment.”

Computer Modelling Group Ltd. is a computer software technology and consulting company serving the oil and gas industry. CMG, recognized by oil and gas companies worldwide as a leading developer of reservoir modelling software, has sales and technical support services based in Calgary, Houston, London, Caracas, Dubai, Bogota, and Kuala Lumpur. CMG is the leading supplier of advanced processes reservoir modelling software in the world with a blue chip client base of international oil companies and technology centers in over 50 countries. The Company–s shares are listed on the Toronto Stock Exchange under the trading symbol “CMG.”

Contacts:
Computer Modelling Group Ltd.
Kenneth M. Dedeluk
President & CEO
(403) 531-1300

Computer Modelling Group Ltd.
Sandra Balic
Vice President, Finance & CFO
(403) 531-1300