NEW YORK, May 29 /CNW/ - Crescendo Partners LP ("Crescendo") is shocked
that The Forzani Group Ltd. ("Forzani") has removed from its corporate website
the company's November 2003 four-year plan. In its recent communication with
shareholders, Crescendo highlighted the current board's lack of accountability
for missed targets in that plan and the board's lack of urgency in
implementing improvements contemplated by that plan. In response, the current
board has made it impossible for shareholders to evaluate its performance
against the targets. Crescendo believes it is shameful for Forzani to take
such a step given the importance of the upcoming vote to the future of
Forzani, particularly in light of its numerous recent public statements on
integrity and good corporate governance.
You can support the Crescendo nominees by voting the YELLOW proxy form
shareholders received in the mail. If you have already voted using the
management "white" proxy you have every right to change your vote by simply
executing the YELLOW Proxy. It is only the latest dated proxy that will count.
Your YELLOW proxy must be voted by any one of the methods described on the
form no later than 10:00 a.m. (Toronto time) on Monday June 8, 2009.
If you have any questions and/or need assistance, please call Laurel Hill
Advisory Group at 1-888-726-9085 or outside North America call collect at
For further information:
For further information: Eric S. Rosenfeld, Managing Member, Crescendo
Partners LP, Contact info: Eric Rosenfeld, erosenfeld "at"
crescendopartners.com, (212) 319-7676