VANCOUVER, May 11 /CNW/ - Aegis Investment Management (Golf) Inc. ("Aegis" or "the Company") (TSX-V: AIM.V) today announced the appointment of Michael Levy to Director and Chief Financial Officer of the Company. Aegis also reports the results from its annual general meeting held April 29, 2010 in Noblesville, Indiana.
Mr. Levy is currently serving as Chief Investment Officer of the Company as well as a Director of the wholly owned subsidiary Aegis Investment Management (USA) Inc. He has recently acted in a consulting capacity for Aegis and was a Director and Officer of the predecessor company, Parmasters Golf Training Centers, Inc. Mr. Levy is a Fellow of the Institute of Chartered Accountants in England and Wales and has been a member of the Institute since 1973.
"Having Michael with us on the Board along with his newly expanded role on the management team provides a significant track record of success in franchising" said Tom Matzen, President and CEO of Aegis. "As a senior franchising executive, Michael was able to build two companies to billions in sales in very short periods of time. He knows how to achieve sustainable growth and we look forward to his continued insight into successful franchising. We are honoured that Michael has accepted the CFO position with Aegis and congratulate him on his Directorship."
As of May 5, 2010, the officers of the Company now consist of the following individuals:
Tom Matzen President and Chief Executive Officer
Michael Levy Chief Financial Officer, Chief Investment Officer and
John Harrison Chief Operating Officer
Andrew Winston VP Special Projects
Allen Bonk VP Sales and Marketing
Additionally, Aegis held its annual general meeting in Noblesville, Indiana, on April 29, 2010. Results of the meeting are as follows:
The following persons were elected to the Company's Board of Directors:
Messrs. Matzen, Cox and Godfrey were previous Directors of the Company and were re-elected at the annual general meeting; Messrs. Carrick and Beck are new to the Board. Richard Carrick, of Vancouver, British Columbia, is the Founder and President of iQuest Performance Centers, a Surrey, B.C. based company that is developing a new model to deliver affordable, world-class training to athletes of all ages and abilities and development programs to less active youth. Charles "Chip" Beck, of Chicago, Illinois, has been a professional golfer since 1978, is a member in good standing of the PGA of America, and is a former Vardon Trophy winner.
In addition, BDO Dunwoody LLP, Chartered Accountants, of Vancouver, British Columbia, were reappointed as auditors of the Company.
2010 Share Option Plan Approved
The Company's new "rolling" share option plan (the "2010 Share Option Plan"), which was adopted by the Company's Board of Directors on March 26, 2010 to replace the Company's then-existing share option plan, was also approved by the shareholders at the annual general meeting. Pursuant to the policies of the TSX Venture Exchange, the 2010 Share Option Plan requires shareholder approval for continuation at every annual meeting of the Company by ordinary resolution.
A maximum of 10% of the issued and outstanding common shares of the Company at the time an option is granted, less common shares reserved for issuance on exercise of options then outstanding under the 2010 Share Option Plan, are reserved for options to be granted at the discretion of the Board to eligible optionees. Options to purchase an aggregate of 400,000 Common Shares had been granted under the previous share option plan. These options have been rolled into and deemed granted under the 2010 Share Option Plan.
There are currently 44,786,807 common shares of the Company issued and outstanding, so the 2010 Share Option Plan will permit up to 4,478,681 Common Shares (being equal to 10% of the issued and outstanding common shares of the Company) for incentive stock option grants under the plan to qualifying persons, including the 400,000 common shares covered by options granted under the previous share option plan.
About Aegis Investment Management (Golf), Inc., symbol AIM.V
Aegis is a Vancouver, Canada based franchise company building shareholder value and profits by focusing on helping golfers lower their scores, have more fun, and do more business on and off the golf course.
Their family of golf franchise brands include Parmasters Golf Training Centers, Links Golf Cafes, and Quantum Business Golf Seminars. Each are designed to help Individual Franchise Owners and Area Developers have more life and more profits. The Franchise Division is supported by a Real Estate Division, a Finance Division, and a Web 2.0 Division, all designed to support the growth and expansion of the franchise brands. Led by an experienced franchise development team, Aegis has created the world's first golf franchise company that literally guarantees results.
For corporate info: www.AegisInvestmentManagement.com
For franchise info: www.YourGolfFranchise.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE AEGIS INVESTMENT MANAGEMENT (GOLF), INC.
For further information: For further information: Tom Matzen, President and CEO, Aegis Investment Management (Golf), Inc., Telephone: 1-800-663-2331, Fax: 1-800-416-6325, Email: firstname.lastname@example.org, Corporate URL: www.aegisinvestmentmanagement.com, Franchise URL: www.YourGolfFranchise.com