TSX-Venture: Tier 1
RICHMOND, BC, April 17 /CNW/ - CON-SPACE Communications Ltd. (the
"Company" or "CON-SPACE") (TSX-V: CCB), (http://www.con-space.com), today
announced that with the recent financial restructuring of the Company now
complete, Gordon E. Cook, the Company's President and Chief Executive Officer,
has resigned all positions with the Company including that as a director, to
pursue other business opportunities. Mr. Cook will be assisting the Company
over the next while as it transitions to its new CEO.
The Company announces that Paulin Laberge, the current Chairman and a
director of the Company, has been appointed as the Interim Chief Executive
Officer and will also act as the Chief Financial Officer of the Company as it
moves forward on the next phase of growth.
Mr. Laberge was most recently the Chief Executive Officer of FDM Software
Ltd. of North Vancouver, B.C., a company that develops computer-aided dispatch
and record management systems for public safety agencies. Mr. Laberge was also
previously the Chair of ACETECH in British Columbia, an organization dedicated
exclusively to CEOs in technology and life science companies. He currently
continues as an independent director of ACETECH. Mr. Laberge is a professional
engineer and holds a Bachelor of Science in Electrical Engineering.
"On behalf of the Board of Directors, we wish to thank Gord for the
tremendous amount of effort that he has expended over the past year in
completing the financial restructuring of the business," stated Mr. Laberge.
"We wish him well in his next endeavour," added Mr. Laberge.
CON-SPACE is recognized as a leading designer and manufacturer of
specialized voice communication equipment used by Police, Fire, Rescue,
Government Agencies, Militaries, Municipalities and general industry.
CON-SPACE has distribution throughout North America, Great Britain, Australia,
parts of Asia, South America, and Europe. CON-SPACE also supplies many other
manufacturers with private labeled products.
This news release contains forward-looking statements which reflect
management's current expectations regarding the Company's objectives, plans,
goals, strategies, future growth, results of operations, performance and
business prospects and opportunities. These forward looking statements include
the Company's proposal to complete a restructuring plan and complete the
financing with Turret. There can be no assurance that all necessary conditions
will be met such that the private placement will be completed, or that such
completion will be sufficient for the Company's needs over any foreseeable
time horizon. These forward-looking statements are not guarantees, but only
predictions. Although the Company believes that these statements are based on
information and assumptions which are current, reasonable and complete, these
statements are necessarily subject to a number of factors that could cause
actual results to vary significantly from current expectations. These factors
and other risks and uncertainties are discussed in the Company's materials
filed with the Canadian securities regulatory authorities from time to time,
as identified in the Company's disclosure record on www.sedar.com. The
forward-looking statements included in this news release are made only as of
the date of this news release and the Company does not undertake to publicly
update these forward-looking statements to reflect new information, future
events or otherwise.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Paulin Laberge, Interim Chief Executive
Officer, CON-SPACE, Tel: (800) 755-2528, or email@example.com