/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
EDMONTON, March 19 /CNW/ - K-Bro Linen Income Fund (TSX - KBL.UN) and K-Bro Linen Systems Inc. ("K-Bro" or the "Company") today announced that Doug Thomson, FCA, K-Bro's Vice President & Chief Financial Officer, intends to retire effective June 30, 2010.
Mr. Thomson has held senior executive positions with K-Bro for twelve years. He has been instrumental in leading the Company's financial strategy and has played a key role in assisting with the Company's expansion, maintaining an effective capital structure, developing relationships with investors and lending institutions, and overseeing all internal financial and accounting functions. An executive search for a replacement to assume the CFO role will commence immediately.
Linda McCurdy, K-Bro's President & CEO, said "We're grateful for Doug's contribution and accomplishments during his years with K-Bro. K-Bro has achieved significant growth and has undergone many changes during his tenure and Doug has been a leader in so many of those initiatives. The financial community respects him, customers have confidence in him and his colleagues throughout the company enjoy the leadership and perspective that he brings to the Company every day. He will be missed by all of us and we wish him well in his retirement."
K-Bro is the largest owner and operator of laundry and linen processing facilities in Canada. K-Bro provides a comprehensive range of general linen and operating room linen processing, management and distribution services to healthcare institutions, hotels and other commercial accounts. K-Bro currently has seven processing plants in six Canadian cities: Toronto, Edmonton, Calgary, Vancouver, Victoria and Quebec City.
Further information can be found in the disclosure documents filed by K-Bro Linen Income Fund with the securities regulatory authorities, available at www.sedar.com.
SOURCE K-Bro Linen Inc.
For further information: For further information: Linda McCurdy, President & CEO, K-Bro Linen Income Fund, Phone: (780) 453-5218 x27; Doug Thomson, FCA, Vice-President & CFO, K-Bro Linen Income Fund, Phone: (780) 453-5218 x26