Michael Bryant Volunteers Resignation as CEO of Invest Toronto

    TORONTO, Sept. 2 /CNW/ - Michael Bryant today volunteered his resignation
as CEO of Invest Toronto. His letter to His Worship David Miller follows:

    Wednesday, September 2, 2009

    His Worship David Miller
    Mayor of the City of Toronto
    Toronto City Hall
    2nd Floor
    100 Queen Street West
    Toronto, ON M5H 2N2

    Sent via facsimile: 416-696-3687

    Dear Mayor Miller:

    I write to resign as CEO of Invest Toronto with immediate effect.

    It was a huge honour to serve the City of Toronto by helping to steer
    Toronto's economy through these remarkable economic times and to put
    together the framework for Invest Toronto.

    I am deeply grateful for your confidence and the Invest Toronto Board of
    Directors' belief in my ability to take on such an important role. It is
    one that I loved and leave with considerable regret.

    I do not believe, however, that I can continue in this position on
    account of the circumstances of the past two days.

    Let me be clear: I am innocent of the very serious accusations made
    against me. It would, however, be unfair to you, the Board and above all
    to the residents of Toronto to allow this event to distract from the
    vital efforts of Invest Toronto.

    The CEO of Invest Toronto is a position that demands the full attention
    and energy of its owner. Torontonians demand no less.

    Yours sincerely,
    Michael Bryant

For further information: Dan Robertson, (416) 642-4736,
drobertson@navltd.com