CALGARY, Jan. 27, 2012 /CNW/ - iMarketing Solutions Group Inc. (TSXV:
XDM) a North American specialty entertainment and relationship
marketing company, today reported its Annual General Meeting was held
on January 17, 2012. At the meeting all incumbent directors noted in
the Company's information circular were re-appointed to the Board.
As reported previously the Company is continuing the process of
upgrading its technology platform and transforming its operations. As
a result of this activity the Company will post a one-time charge in
the fourth quarter of 2011 related to non-recurring costs it expects to
incur in 2012 to wind-down some of its legacy platforms.
At a subsequent Board Meeting on January 23, 2012 Michael Platz agreed
to step down as Chairman of the Board but remains a member of the Board
and an executive of the Company.
Certain statements in this press release may constitute "forward looking
statements" reflecting our current beliefs, plans, estimates and
expectations. These forward looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company or the
combined companies to be materially different from any performance or
achievement expressed or implied by such "forward looking statements".
Except as required by applicable securities laws, we undertake no
obligation to update any forward looking statements for any reason
after the date hereof to conform these statements to actual results or
to changes in our expectations.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
SOURCE iMarketing Solutions Group Inc.
For further information:
3710 Westwinds Dr NE, Unit 24
Calgary, AB T3J 5H3
Tel: 403-537-1001 Fax:403-270-4398