Plazacorp announces Chief Financial Officer appointment

FREDERICTON, Aug. 19 /CNW/ - Plazacorp Retail Properties Ltd. (PLZ:TSX Venture) is pleased to announce the appointment of Floriana Cipollone B.Comm., C.A. as Chief Financial Officer.

Ms. Cipollone has 20 years of business experience most recently as Chief Financial Officer for Charter REIT. Previously, Ms Cipollone held the positions of Vice President, Corporate Planning & Strategy at O&Y Properties Corporation and Vice President, Finance at O&Y Real Estate Investment Trust. Ms. Cipollone holds a Bachelor of Commerce degree from the University of Toronto and has been a member of the Institute of Chartered Accountants of Ontario since 1992.

Plazacorp Retail Properties Ltd. is an owner of shopping malls and strip plazas throughout the Atlantic Provinces, Quebec and Ontario. Plazacorp owns interests in 103 properties comprising 4.6 million square feet of retail real estate.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."

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For further information: on Plazacorp, visit our website at www.plaza.ca or contact: Earl Brewer, Chairman or Kim Sharpe, Director of Business Development at [phone]