KELOWNA, BC, Sept. 18 /CNW/ - Merv Geen, Chairman of the Board of
Directors of Sun-Rype Products Ltd., is pleased to announce the appointment of
David Lynn as the new President & Chief Executive Officer for the Company,
effective October 6, 2008. This appointment completes the search process that
started in May of this year upon the retirement of the previous President &
CEO, Eric Sorensen.
"We are very excited to welcome David to Sun-Rype and look forward to the
contribution he will make to Sun-Rype's future success," says Geen. "He brings
over 20 years of food industry experience, most recently as Senior Vice
President of Marketing for Saputo Dairy Products Canada, the largest dairy
business in Canada. David will lead Sun-Rype as we focus on improving
profitability and return on investment while implementing the Company's long
term vision for growth."
The Board of Directors thanks Sun-Rype's Vice President of Operations,
Dave McAnerney, for his stewardship as interim President & CEO during the
search period. Mr. McAnerney will continue in his role of Vice President of
Operations following Mr. Lynn's appointment.
Sun-Rype Products Ltd., based in Kelowna, BC, is a manufacturer and
marketer of 100% fruit snacks and juices under the Sun-Rype brand. Sun-Rype is
a publicly traded Canadian company with its common shares listed on the
Toronto Stock Exchange under the symbol SRF.
Forward Looking Statements
Statements contained in this press release, which are not based on
historical fact, including without limitation, statements containing the words
"may", "will", "plans", "intends", "expects", "anticipates", "believes",
"estimate", "continue" and similar expressions, constitute "forward looking
information" within the meaning of applicable Canadian securities laws.
Forward looking statements contained in this document may involve, but are not
limited to, statements relating to the Company's objectives, priorities,
strategies, actions, targets, expectations and outlook. Forward looking
statements are necessarily based upon assumptions and predictions with respect
to the future, including but not limited to the factors referred to below. As
a result, forward looking statements are subject to known and unknown risks,
uncertainties and other factors that may cause the actual results, events or
developments to be materially different from any future results, events or
developments expressed or implied thereby. These risks, uncertainties and
other factors include, but are not limited to, changes in the consumer
packaged goods industry and external market factors, as well as the factors
referred to in the Company's Annual Information Form dated February 28, 2008,
and its other filings with the applicable Canadian securities regulatory
authorities. In light of these uncertainties, assumptions and risks, readers
are cautioned not to place undue reliance on such forward looking statements.
Except as required by law, the Company assumes no obligation to update or
revise such information to reflect later events or developments.
For further information:
For further information: Merv Geen, Sun-Rype Products Ltd., 1165 Ethel
Street, Kelowna, BC, V1Y 2W4, tel: (250) 860-7973, fax: (250) 762-3611,