EDMONTON, Jan. 26 /CNW/ - Raydan Manufacturing Inc (the "Company") (TSX-V:RDN) is pleased to announce the appointment of
Luke Gabriel Loran to the Company's Board of Directors; additionally,
we regretfully announce the resignation of Leonard Jaroszuk from the
Mr Loran brings to the Company considerable financial knowledge gained
during his career in banking with the Royal Bank of Canada and the
Canadian Western Bank. The Board of Directors has accepted his
appointment and he will begin his duties with Raydan effective January
"We are pleased that Luke has consented to serve on our Board of
Directors," remarks Ray English, President and CEO. "We believe he will
prove an asset to our Company as we move forward."
Mr Jaroszuk's duties with his own group of companies have increased
substantially, giving him cause for concern regarding his ability to
fulfill his obligations as a director of the Company. He, therefore,
tendered his resignation effective January 3, 2011.
"We will miss Len's support and guidance," stated Ray English. "We wish
him luck in his future endeavors."
About Raydan Manufacturing
Raydan Manufacturing Inc, based in Edmonton, Alberta, develops and
produces specialized suspension and coupling systems for trucks,
trailers and heavy equipment, as well as operates a chassis
modification centre. Established in 1992, Raydan exports its
innovative, high-quality products to end-users and original equipment
manufacturers (OEMs) in the heavy-duty truck, crane, fire/rescue and
other severe use sectors around the world.
Neither 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.
This news release contains forward-looking statements that involve risks
and uncertainties, which may cause actual results to differ materially
from the statements made. Potentially, many factors could cause our
actual results to vary materially from those described herein as
intended, planned, anticipated or expected. Raydan Manufacturing Inc
does not intend and does not assume any obligation to update these
SOURCE Raydan Manufacturing Inc.
For further information: