PDM Royalties Income Fund announces directors who will serve on the Board of
Imvescor Restaurant Group
Combination transaction to close on October 10; Trading to begin under symbol IRG on or around October 15
MONCTON, NB,
IRG Board Members
Upon closing of the Combination Transaction, the Board of IRG will consist of the following seven members, five of whom will be independent: Rino Volpé,
- Rino Volpé will act as Chairman of the Board of IRG. Mr. Volpé has been involved in the business world for over 30 years, during which he occupied senior management positions for companies in the agri-food and business management sectors. Mr. Volpé also sits on several boards, including the Board of Directors of Imvescor since 2006. - Inouk Imbeault, President of GFC, the holding company that owns 28% of IRG, has been involved with the Imvescor management team since 2006. He is also a Director and Officer with Excellium Technologies (a technology and security firm) and Monumental Granite, both subsidiaries of GFC. The following Board members will act as independent directors. - William Dover possesses an impressive expertise of the agri-food industry, obtained through his consulting practice and former role as Vice-Chairman of General Mills Restaurants, Canada. Mr. Dover served as a Director with Imvescor since 1999. - David Hawkins is a seasoned director and business executive, building on more than 40 years of experience. He notably co-founded and spearheaded Hawk Communications. He was a Trustee with PDM from 2004 to 2008. - Jacques F. Lemoine brings with him more than 30 years of commercial, industrial and investment banking experience. During this time, he was also actively involved in numerous community organizations. - Hon. James S. Peterson, P.C has led a long and successful career in the public sector, acting notably as Member of Parliament for Willowdale, Chair of the Finance Committee and Minister of International Trade. A lawyer by training, Mr. Peterson is now counsel to Fasken Martineau. He was a Trustee with PDM from 2008 to 2009. - Gabriel Sacratini has held senior positions with several well known international banking institutions and possesses more than 25 years of experience in the sector. He has also been a board member of many private firms prior to his appointment to the Board of PDM in 2004.
About PDM Royalties Income Fund
The Fund is a limited purpose open-ended trust established under the laws of Ontario. The Fund indirectly owns the trademarks and intellectual property for the Pizza Delight(R), Mikes(R), Scores(R), and
About Imvescor
Imvescor is a privately owned corporation, headquartered in Moncton,
Forward-Looking Statements
Certain information regarding the Fund contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Fund believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Fund cautions that actual performance will be affected by a number of factors, many of which are beyond the Fund's control, and that future events and results may vary substantially from what the Fund currently foresees. Discussion of the various factors that may affect future results is contained in the annual information form of the Fund and the information circular in respect of the annual and special meeting, which are available at www.sedar.com. The Fund assumes no obligation to update such forward-looking statements, except as required by applicable securities laws. The Fund's forward-looking statements are expressly qualified in their entirety by this cautionary statement.
%SEDAR: 00018600EF
For further information: Mélanie Joly, Cohn & Wolfe Public Relations, (514) 845-2257 ext 247; William R. Lane, CMA, Executive Vice-President and Chief Financial Officer, Imvescor Inc., (506) 853-8412; Visit: www.pdmfund.ca, www.imvescor.ca, www.pizzadelight.ca, www.mikes.ca, www.scores.ca, www.batonrougerestaurants.com
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