MONTREAL, Oct. 1 /CNW Telbec/ - BTB Real Estate Investment Trust
(TSX-V: BTB.UN) ("BTB") is proud to announce that, as at October 1, 2008, it
has retained the services of Mr. Michel Goudreault as Vice President, Property
Management. Mr. Goudreault will be responsible for the management of more than
28 properties owned by BTB. The management agreements entered into for these
properties have been cancelled without penalty. The existing management
agreements with respect to the other 15 properties owned by BTB will remain in
full force and effect, until further notice.
BTB anticipates realizing material building operational savings with the
arrival of Mr. Goudreault. In connection with his duties, Mr. Goudreault will
be responsible for the day-to-day management of the properties as well as the
implementation of rigorous management procedures that will reduce operating
costs for BTB and its tenants.
Mr. Goudreault has over 30 years of experience in the field of real
estate management, having managed properties for several financial
institutions, including The Laurentian Bank. He began his career as an
accredited appraiser for Fiducie du Québec and Desjardins Trust.
Mr. Goudreault obtained a Bachelor in Administration from Université Laval and
is a member of the Ordre des évaluateurs agréés du Québec and of the
Association des courtiers et agents immobiliers of Quebec.
BTB has granted Mr. Goudreault options to purchase 50,000 units of BTB.
These options will expire on October 1, 2013 and their exercise price is $0.90
Following the arrival of Mr. Goudreault, Mr. Peter Polatos' title will be
modified to Vice President, Acquisitions.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
For further information:
For further information: Mr. Michel Léonard, President and Chief
Executive Officer, (514) 286-0188 ext. 228