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:

Pizza Delight®:
Bâton Rouge®


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.

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