MONCTON, NB, Jan. 10 /CNW/ - Imvescor Restaurant Group Inc. ("IRG" or
the "Company") (TSX: IRG) announced today that Gabriel Sacratini, a
director of the Company, has been elected interim Chairman of the Board
by the directors.
Highly knowledgeable about IRG and its brands, Mr. Sacratini has served
as a director of the Company since its creation, following the
completion of a conversion from an income trust, PDM Royalties Income
Fund ("PDM"), in October 2009 and served as a trustee of its
predecessor, PDM, since the establishment of the latter in 2004. He was
Chair of the Audit Committee of PDM and has served as Chair of IRG's
Audit Committee since October 2009. Mr. Sacratini will sit as Chairman
of the Board until IRG's Annual General Meeting scheduled for March 16,
2011. His appointment follows the resignation of Honourable Herb Breau
from the position of Chair, effective immediately. Mr. Breau remains a
director of the Company, stating that this is a good time for a
transition and that he will make a decision regarding his ongoing role
with the board in time for the annual meeting.
"The Company and the Board wish to express their gratitude to Mr. Breau
for his leadership as Chairman this past year. The Board looks forward
to his continuing contribution to the Company going forward," said Mr.
Sacratini. "IRG is a strong company with solid brands. We look forward
to a strong start in the New Year and to seizing the opportunities that
2011 and the future will bring. The Board will continue to work with
Management to effect the changes necessary to build the earnings and
growth of the Company."
About Imvescor Restaurant Group
Headquartered in Moncton, New Brunswick, IRG owns franchised and
corporate stores throughout Canada, under four brands: Pizza Delight®
operates primarily in Atlantic Canada, where it dominates the
family/mid-scale segment. Mikes® and Scores® restaurants operate
primarily in Quebec in the family and casual dining segments and the
take-out and delivery segments. Baton Rouge® operates in the Province
of Quebec, Ontario, and Alberta in the casual dining segment.
For more information about our brands:
SOURCE GROUPE RESTAURANTS IMVESCOR
For further information:
|Brigitte Viel |
Cohn & Wolfe
514-845-2257 ext. 4243
|William R. Lane, CMA|
Acting Chief Executive Officer, Executive Vice-
President & Chief Financial Officer
Imvescor Restaurant Group Inc.