MONCTON, NB, Nov. 7 /CNW/ - PDM Royalties Income Fund (TSX: PDM.UN) and
Imvescor Inc. announced today that David Barlow has been named Chief Operating
Officer for Scores Restaurants effective Monday, November 12th, 2007.
Mr. Barlow's past experience includes more than 12 years in the
procurement division of CARA Operations where for five years he was Vice
President. He also served as Chief Operating Officer of the Harvey's brand
from 1998 to 2004. In 2004 he was elected Chairman of the Canadian Restaurant
and Food Service Association. Mr. Barlow also ran his own consulting business
and most recently was with Janes Family Foods in Mississauga. Imvescor
President and Chief Executive Officer, Ron Magruder had this to say when
announcing Mr. Barlow's appointment, "David brings a great deal of leadership
and management experience to our organization, he is a great addition to our
team and we look forward to his leadership and contribution". David Barlow and
the Scores team will be based in Mississauga at Imvescor's regional office.
PDM Royalties Income Fund (the "Fund") is a limited purpose open-ended
trust established under the laws of Ontario. The Fund makes monthly
distributions of its available cash to holders of units. The Fund indirectly
owns the trade marks and intellectual property for the Pizza Delight(R),
Mikes(R), Scores(R) and Baton Rouge(R) brands and has licensed them to
Imvescor Inc. in consideration for a royalty equal to 4% of system sales for
Pizza Delight and Mikes, and in the case of Scores and Baton Rouge, the
royalty rate is 6%.
Imvescor is a privately owned corporation, headquartered in Moncton, New
Brunswick. It operates franchised and corporate restaurants under the brand
names Pizza Delight(R), Mikes(R), Scores(R) and Baton Rouge(R) . Pizza Delight
operates primarily in Atlantic Canada, where it dominates the family/mid-scale
segment. Mikes and Scores restaurants operate primarily in Quebec in the
family and casual dining segments and the take-out and delivery segments.
Baton Rouge has operations in Quebec and Ontario in the high-end casual
For further information:
For further information: William Lane, CMA, Chief Financial Officer, PDM
Royalties Income Fund, (506) 853-0990, firstname.lastname@example.org; Or visit our web
sites: www.pdmfund.ca, www.pizzadelight.com, www.mikes.ca, www.scores.ca or