CALGARY, Jan. 27, 2012 /CNW/ - iMarketing Solutions Group Inc. (TSX Venture Exchange: XDM) a North American specialty entertainment and relationship marketing company, today reported its Annual General Meeting was held on January 17, 2012. At the meeting all incumbent directors noted in the Company's information circular were re-appointed to the Board.
As reported previously the Company is continuing the process of upgrading its technology platform and transforming its operations. As a result of this activity the Company will post a one-time charge in the fourth quarter of 2011 related to non-recurring costs it expects to incur in 2012 to wind-down some of its legacy platforms.
At a subsequent Board Meeting on January 23, 2012 Michael Platz agreed to step down as Chairman of the Board but remains a member of the Board and an executive of the Company.
Certain statements in this press release may constitute "forward looking statements" reflecting our current beliefs, plans, estimates and expectations. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or the combined companies to be materially different from any performance or achievement expressed or implied by such "forward looking statements". Except as required by applicable securities laws, we undertake no obligation to update any forward looking statements for any reason after the date hereof to conform these statements to actual results or to changes in our expectations.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
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