Priszm appoints Deborah Papernick as Chief Financial Officer

TORONTO, Oct. 2 /CNW/ - Priszm Income Fund (TSX: QSR.UN) ("Priszm") today announced that Deborah Papernick will assume the position of Chief Financial Officer for the Fund, effective immediately. A seven-year veteran of the company, Ms. Papernick most recently held the role of Vice President of Strategy and Development.

"Deborah has been a key driver of success and delivered an outstanding track record over the past seven years," said John I. Bitove, Executive Chairman of Priszm Income Fund. "Deborah's breadth and depth of experience, combined with her extensive knowledge of finance and strategic planning, will continue to be an asset in her new role. I look forward to working alongside her in her new capacity as CFO."

Ms. Papernick is a Certified Management Accountant and holds an MBA from York University. Prior to joining Priszm, she held several senior analyst, budgeting and project management roles with the Hudson's Bay Company.

Following the appointment, Priszm announced the resignation of Steven Boyack who has been the Priszm CFO since March 2008.

"We would like to thank Steven Boyack for his contributions and leadership during our restructuring and wish him well in his future endeavours," said Bitove.

About Priszm Income Fund

Priszm Income Fund (TSX: QSR.UN) holds approximately a 60 per cent interest in Priszm LP, which owns and operates more than 400 quick service restaurants in seven provinces across Canada. The KFC, Taco Bell and Pizza Hut restaurants under Priszm serve more than 1 million customers a week and employ approximately 7,400 people. Currently, more than 100 locations are multi-branded, combining two or more of the Fund's restaurant concepts. To find out more about Priszm Income Fund, visit our website at http://www.priszm.com.

%SEDAR: 00019884E

SOURCE PRISZM INCOME FUND

For further information: For further information: Investors: Trish Moran, (416) 624-5133, trish.moran@priszm.com; Media: Wilcox Group, (416) 203-6666, priszm@wilcoxgroup.com

Organization Profile

PRISZM INCOME FUND

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KIT LIMITED PARTNERSHIP

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