The Corporation pursues its reorganization strategy and makes changes to
its executive officer team
QUEBEC, Sept. 25 /CNW Telbec/ - The Board of Directors of Fortsum
Business Solutions Inc. (Fortsum Business Solutions) (TSX Venture Exchange:
FRT) announces today that it has implemented a new management structure to
increase the Corporation's value in the eyes of its shareholders and potential
investors and provide optimal support for the organization's growth strategy.
This new phase in the Corporation's structural reorganization is marked by the
appointment of André Thompson as Chief Executive Officer. François Taschereau,
shareholder and co-founder of the company, has thus resigned as Chief
Executive Officer, the position he has held since 1984. He will, however,
continue to serve on the Corporation's Board of Directors.
André Thompson is an experienced executive who has actively participated
in the development and creation of major businesses in the high-tech sector.
He is recognized for his abilities as both a director and strategist. In his
career to date, he has successfully completed strategic consulting mandates
for several large companies including Technologies Nexxlink Inc., Idcad
Consulting Inc., Elix Inc. and Voxco Inc. A graduate of the Université de
Sherbrooke, André Thompson, following a number of years in the employ or the
multi-national Xerox Inc., served for nearly 10 years as President and Chief
Executive Officer of Groupe IST. Under his leadership, this company became a
leader in health system contracting and computerization. He founded Prima
Télématic (which became Elix Inc.) and Médisolution, the Canadian leader in
health system computerization. He also served as Chair of the Board of
Directors of the Centre de promotion du logiciel du Québec (now known as
Réseau Inter-Logic) and a governor of Innocentre.
"Over the last few months, my role as director allowed me to discover the
quality of Fortsum Business Solutions' human resources and technological
assets as well as its great potential," said Fortsum Business Solutions' new
Chief Executive Officer André Thompson. "I would like to thank the Board of
Directors for the opportunity to participate in the success of a Corporation
that I know is solid as well as value and profit producing. It is with great
anticipation that I accept this challenge and join the management team," added
"As everyone knows, Fortsum Business Solutions has experienced
exceptional growth over the last three years and is currently in a crucial
phase of its development. After 24 years as Chief Executive Officer, the time
has come for me to pass the torch to someone with solid experience in large
company management who will lead the Corporation to further success,"
explained François Taschereau. "As a shareholder and director, I
wholeheartedly welcome André Thompson as the new Chief Executive Officer and
am convinced that his contribution will be invaluable. In addition, I am very
pleased to continue serving on the Corporation's Board of Directors and assure
Mr. Thompson and the entire current Management Team of my complete
cooperation," added outgoing Chief Executive Officer François Taschereau.
Subsequent to his appointment of as Chief Executive Officer, the Board of
Directors granted André Thompson 250,000 stock options with an exercise price
of $0.55. One-sixth of these options can be exercised upon the grant date and
the rest in equal parts at each quarter until December 23, 2008. All options
expire on September 23, 2012.
About Fortsum Business Solutions
Fortsum Business Solutions Inc. is mainly involved in the development,
integration, marketing and support of accounting, commercial and banking data
management software. For more information: www.fortsum.com.
This press release may contain forward-looking information. Statements
based on current management expectations involve inherent risks and
uncertainties, both known and unknown. Actual results may vary from forecasts.
The reader should not place undue faith in forward-looking information.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of the release.
For further information:
For further information: Fortsum Business Solutions Inc.: François
Taschereau, Director, firstname.lastname@example.org; Dany Beaudet, Shareholder
Communications Coordinator, email@example.com, (418) 877-3003 ext. 2272,
1-888-268-0088, Fax: (418) 877-9994