K-Bro Announces Resignation of Chief Financial Officer

(TSX: KBL)

EDMONTON, June 4, 2014 /CNW/ - K-Bro Linen Inc. (the "Corporation") announced today that Mr. Christopher Burrows will resign as Chief Financial Officer of the Corporation effective August 1, 2014 to accept a position with another company.  With his resignation, he has also stepped down as Vice-President and relinquished his role as an officer of the Corporation and its subsidiaries.

Mr. Burrows has held the position of Vice-President & Chief Financial Officer since joining K-Bro in 2010 and has been instrumental in leading the Corporation's financial strategy, playing a key role in assisting with key customer negotiations, maintaining an effective capital structure, developing relationships with the capital markets and overseeing all administrative functions including financial reporting, treasury, information technology and human resources.

"I would like to sincerely thank Chris for his contributions to K-Bro," said Linda McCurdy, President and Chief Executive Officer.  "His financial acumen and leadership were invaluable for the Corporation's growth and development over the last few years.  On behalf of the Board and K-Bro, I wish Chris the very best in his future endeavors."

K-Bro will immediately commence a search for a new Chief Financial Officer.

CORPORATE PROFILE

K-Bro is the largest owner and operator of laundry and linen processing facilities in Canada. K-Bro provides a comprehensive range of general linen and operating room linen processing, management and distribution services to healthcare institutions, hotels and other commercial accounts.  K-Bro currently operates eight processing facilities under three distinctive brands, including K-Bro Linen Systems Inc., Buanderie HMR and Les Buanderies Dextraze, in seven Canadian cities: Québec City, Montréal, Toronto, Edmonton, Calgary, Vancouver and Victoria.

Additional information regarding the Corporation including required securities filings are available on our website at www.k-brolinen.com and on the Canadian Securities Administrators' website at www.sedar.com; the System for Electronic Document Analysis and Retrieval ("SEDAR").

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K-Bro est le plus important propriétaire et exploitant de buanderies au Canada. K-Bro fournit une gamme étendue de services de buanderie aux établissements de soins de santé, hôtels et autres clients commerciaux. K-Bro exploite actuellement huit usines sous trois marques distinctives, incluant K-Bro Linen Systems Inc., Buanderie HMR et Les Buanderies Dextraze, dans sept villes canadiennes: Québec, Montréal, Toronto, Edmonton, Calgary, Vancouver et Victoria.

Vous pouvez obtenir des renseignements supplémentaires sur la Société, y compris les documents déposés auprès des autorités de réglementation, sur notre site Web, au www.k-brolinen.com et sur le site Web des autorités canadiennes en valeurs mobilières au www.sedar.com, le site Web du Système électronique de données, d'analyse et de recherche (« SEDAR »).

SOURCE: K-Bro Linen Inc.

Linda McCurdy
President & Chief Executive Officer

K-Bro Linen Inc.  (TSX: KBL)
Phone: [phone] 
Email: [email protected]
Web: www.k-brolinen.com