CALGARY, Jan. 5 /CNW/ - Circa Enterprises Inc. (TSX: CTO) ("Circa" or the
"Corporation") announced today that its President and Chief Executive Officer,
Mr. Richard L. Schmidt, has determined to step down as an officer and a
director of the Corporation to consider other opportunities. Mr. Schmidt has
agreed that he will serve as President and Chief Executive Officer until the
end of February 2009 and will, for a period of 12 months, make himself
available to Circa to assist with corporate matters generally.
Mr. Schmidt commenced his employment with Circa in December 1998, as Vice
President, Finance and Chief Financial Officer, and has served as President
and Chief Executive Officer since November 2004.
Ivan W. Smith, the Chairman of the Board of Directors of the Corporation,
noted: "We are thankful to Rick for his efforts on behalf of the Corporation
over the past ten years and wish him well in his future endeavors."
Mr. Smith has agreed to assume the role of interim President and Chief
Executive Officer, effective March 1, 2009. Mr. Smith previously served as
President and Chief Executive Officer of the Corporation, from 1985 until
Circa Enterprises Inc. is a public company with offices in Alberta,
Ontario and Florida, trading on the Toronto Stock Exchange under the ticker
symbol CTO. The Toronto Stock Exchange has neither approved nor disapproved
the information contained herein.
For further information:
For further information: Mr. Ivan W. Smith, Circa Enterprises Inc.,
(403) 258-2011, E-Mail: firstname.lastname@example.org, Website: www.circatel.com