Poly Shield Technologies Inc. announced that on February 6, 2013, Mitchell R. Miller resigned as the President and Chief Executive Officer. Mr. Miller will remain as a director of the company. Also on February 6, 2013, Rasmus Norling was appointed as the company's Chief Executive Officer and President to fill the vacancies created by Mr. Miller's resignation.

Mr. Norling was also appointed as a director of the company, increasing the company's total number of directors to three. Mr. Norling, 41, is the immediate past Manager of Research and Development of Marine Technical Services at Royal Caribbean International Ltd., where he was employed since May 2000. In accordance with the terms of an employment agreement entered into on December 1, 2012, Mr. Norling was to become the Chief Executive Officer of the company upon delivering to the company certain minimum technology rights.

On February 5, 2013 (the effective date), the company's board of directors determined that Mr. Norling had satisfied his obligations to deliver such Minimum Technology Rights and that Mr. Norling's employment agreement was now effective.