MONTREAL, Feb. 1, 2016 /CNW Telbec/ - Imvescor Restaurant Group Inc. ("IRG" or the "Company") (TSX: IRG), a leading franchiser of restaurants operating in Eastern Canada under the Pizza Delight®, Mikes®, Scores® and Bâton Rouge® banners, today announced that it has filed its management information circular in connection with its annual and special meeting of shareholders to be held in Montreal, Québec on March 10, 2016.
At the meeting, the Company will, among other things, present eight nominees for election as director. Roland Boudreau, Michael Forsayeth, Frank Hennessey, Gary O'Connor, Pierre A. Raymond, François-Xavier Seigneur and Patrick H. Sugrue are all currently directors of IRG, and Roula Zaarour will join the board of directors upon her election at the meeting. Arnaud Ajdler, a director of IRG since July 2013, has indicated to the board of directors that he would not stand for re-election at the meeting.
"We wish to take this opportunity to thank Arnaud for his contribution during his tenure as director. Arnaud's commitment, leadership and vision will be missed", said François-Xavier Seigneur, chair of the board of directors. "We are also very excited to have Roula Zaarour arrive on our board. She will join an established team of directors, and we believe that Roula's diversified experience and fresh perspective will constitute great assets for us going forward", added Mr. Seigneur.
"I believe the Company is in the right hands. The board has taken compelling actions over the past couple of years to improve the business operationally and has started to return capital to shareholders. As I leave, I have strong confidence in the ability of our board of directors and management team to deliver further growth and value creation in the future", said Mr. Ajdler.
About Imvescor Restaurant Group Inc.
Imvescor Restaurant Group Inc. is a dynamic and innovative organization in the family and casual dining restaurant industry. The Company is a franchise and licensing business that operates restaurants in Eastern Canada under four banners: Pizza Delight®, operating primarily in Atlantic Canada, in the family/mid-scale segment, Trattoria di Mikes® and Scores®, operating primarily in Québec in the family and casual dining segments and the take-out and delivery segments, and Bâton Rouge®, operating in Québec, Ontario and Nova Scotia in the casual dining segment. The Company also licenses to third parties the right to manufacture and sell prepared food products under the Pizza Delight®, Trattoria di Mikes®, Scores® and Bâton Rouge® brands and through its wholly-owned subsidiary, Groupe Commensal Inc. manufactures and sells vegetarian branded food products in grocery stores and retail outlets under the Commensal® brand.
Cautionary Note Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of applicable securities laws, including but not limited to, IRG's business objectives, estimates, outlook, strategies and priorities and all other statements other than statements of historical facts. Forward-looking statements may include estimates, intentions, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Forward-looking statements are often, but not always, identified by the use of words such as "may", "should", "would", "will", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential, "targeting", "intend", "could", "might", "continue", "outlook" or the negative of these terms or other comparable terminology. All such forward-looking statements are made pursuant to the "safe harbour" provisions of applicable securities laws. Forward-looking statements involve known and unknown risks, uncertainties and other factors outside of IRG's control. A number of factors could cause the actual results of IRG to differ materially from the results discussed in the forward-looking statements, including, but not limited to, factors referenced in the Company's Annual Information Form and the Company's other continuous disclosure filings which are available on SEDAR at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect IRG but should, however, be considered carefully.
Although the forward-looking statements contained herein are based on information currently available to IRG's management and on the current assumptions, intentions, plans, expectations, estimates, opinions, forecasts, projections and other assumptions made by IRG's management in light of its experience and perception of historical trends, current conditions and expected future developments (such as IRG's future growth, results of operations, performance and opportunities as well as the future of the economic environment in which it operates), as well as other factors that IRG's management believes are appropriate and reasonable in the circumstances and on the date of this press release, there can be no assurance that such assumptions, intentions, plans, expectations, estimates, opinions, forecasts, projections and other assumptions will prove to be correct or that actual results will not differ materially from those anticipated in such forward-looking statements. Forward-looking statements are provided herein for the purpose of giving information about IRG's current strategic priorities, expectations and plans, allowing investors and others to get a better understanding of IRGI's business outlook and operating environment. Readers are cautioned, however, that such information may not be appropriate for other purposes and should not place undue reliance on the forward-looking statements contained in this press release. IRG assumes no obligation to update or revise such forward-looking statements to reflect new information, future events or otherwise, except as required by applicable securities laws. IRG's forward-looking statements are expressly qualified in their entirety by this cautionary statement.
SOURCE Imvescor Restaurant Group Inc.
For further information: Imvescor Restaurant Group Inc.: Frank Hennessey, President and Chief Executive Officer; Tania, M. Clarke, Chief Financial Officer; Investor relations: firstname.lastname@example.org, Tel.: 514-341-5544, www.imvescor.ca; Media Relations: Daniel Granger, ACJ Communication, Tel.: 514-847-7990; For more information about our brands: Pizza Delight®: www.pizzadelight.com, Mikes®: www.mikes.ca, Scores®: www.scores.ca, Bâton Rouge®: www.batonrouge.ca