Toronto Stock Exchange Symbol: RC
WATERLOO, ON, March 8, 2012 /CNW/ - RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing, today announced that Jean Noelting has been appointed Chairman of the Board of Directors. Thomas Di Giacomo had advised the Corporation that he would step down from the Chairman role after the Annual General Meeting but would continue to serve on the Board for one more year to provide a proper transition.
"As I take this new role, I would like to thank Tom Di Giacomo for his leadership and strong contribution to RDM during a period of deep recession and unprecedented volatility," said Jean Noelting. "RDM is in a strong position and I am pleased with the direction the Company has taken over the past year. We have returned to revenue growth, generated positive cash flows, and positioned ourselves to grow through potential acquisitions. I believe we have an opportunity to deliver significant value to our shareholders."
Jean Noelting is the Managing Director of RoyCap Merchant Banking Group, a private equity investment firm which he founded in 2003 with two partners. He is CEO of Great Lakes Copper Inc., a leading manufacturer of copper tube products for the industrial, wholesale and refrigeration markets, and RoyCap's largest holding. Mr. Noelting previously served as President and CEO of gaming software company Cryptologic Inc., and President of industrial distributor Westburne Inc. He has also held executive positions with Parmalat Canada and Campbell Soup Company. Mr. Noelting is a registered Professional Engineer in the province of Ontario and holds a B.A.Sc. and a M.A.SC. in Mechanical Engineering from the University of Toronto. He has been a director of RDM Corporation since 2003.
About RDM Corporation
RDM Corporation is headquartered in Waterloo, Ontario and trades on the Toronto Stock Exchange under the symbol RC. RDM is a leading provider of specialized software and hardware products for electronic payment processing. RDM has pioneered electronic check conversion systems and web based image and transaction management services for banks, retailers, payment processors and government agencies as well as print quality control and image quality systems for a variety of global customers. For more information, visit RDM's website at www.RDMCorp.com.
For further information:
CEO & President
(519) 746-8483 x340 Phone
(519) 746-3317 Fax
Chief Financial Officer
(519) 746-8483 x284 Phone
(519) 746-3317 Fax