TORONTO, Jan. 17 /CNW/ - Look Communications Inc. ("Look" or the "Company") (TSX Venture: LOK and LOK.A) today announced that C. Fraser Elliott
has been appointed as the Chief Financial Officer of the Company to
replace interim Chief Financial Officer, Mr. McCutcheon with effect
from Jan. 11, 2011.
C. Fraser Elliott has been appointed chief financial officer. Since
1987, Mr. Elliott has been the president of CFE Financial Inc., a
private investment banking company. In addition, from Jan. 1, 2005, Mr.
Elliott was chief financial officer of Tangarine Payment Solutions
Corp. Mr. Elliott was involved in both the listing on the TSX Venture
Exchange in 2005, and the subsequent successful sale of the business in
2009. Mr. Elliott is also the executive chairman of the board of
directors of Gowest Amalgamated Resources Ltd. and a director of
Sylogist Inc., which companies are both listed on the TSX Venture
"We are pleased to have Mr. Elliott join the Look team" said Grant
McCutcheon, Chief Executive Officer and a director of Look. "We believe
that his background and experience will greatly assist the Company in
executing its business strategy of seeking to preserve its capital,
maximize value on its remaining assets and assess available options for
maximizing returns to shareholders".
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 Look Communications Inc.
For further information:
Grant McCutcheon, Director, Look at (905) 660-8100/ (LOK. LOK.A.)