RICHMOND, British Columbia, April 17, 2009 (GLOBE NEWSWIRE) -- CON-SPACE Communications Ltd. (the "Company" or "CON-SPACE") (TSX-V:CCB), (http://www.con-space.com), today announced that with the recent financial restructuring of the Company now complete, Gordon E. Cook, the Company's President and Chief Executive Officer, has resigned all positions with the Company including that as a director, to pursue other business opportunities. Mr. Cook will be assisting the Company over the next while as it transitions to its new CEO.
The Company announces that Paulin Laberge, the current Chairman and a director of the Company, has been appointed as the Interim Chief Executive Officer and will also act as the Chief Financial Officer of the Company as it moves forward on the next phase of growth.
Mr. Laberge was most recently the Chief Executive Officer of FDM Software Ltd. of North Vancouver, B.C., a company that develops computer-aided dispatch and record management systems for public safety agencies. Mr. Laberge was also previously the Chair of ACETECH in British Columbia, an organization dedicated exclusively to CEOs in technology and life science companies. He currently continues as an independent director of ACETECH. Mr. Laberge is a professional engineer and holds a Bachelor of Science in Electrical Engineering.
"On behalf of the Board of Directors, we wish to thank Gord for the tremendous amount of effort that he has expended over the past year in completing the financial restructuring of the business," stated Mr. Laberge. "We wish him well in his next endeavour," added Mr. Laberge.
About CON-SPACE
CON-SPACE is recognized as a leading designer and manufacturer of specialized voice communication equipment used by Police, Fire, Rescue, Government Agencies, Militaries, Municipalities and general industry. CON-SPACE has distribution throughout North America, Great Britain, Australia, parts of Asia, South America, and Europe. CON-SPACE also supplies many other manufacturers with private labeled products.
DISCLAIMER
This news release contains forward-looking statements which reflect management's current expectations regarding the Company's objectives, plans, goals, strategies, future growth, results of operations, performance and business prospects and opportunities. These forward-looking statements include the Company's proposal to complete a restructuring plan and complete the financing with Turret. There can be no assurance that all necessary conditions will be met such that the private placement will be completed, or that such completion will be sufficient for the Company's needs over any foreseeable time horizon. These forward-looking statements are not guarantees, but only predictions. Although the Company believes that these statements are based on information and assumptions which are current, reasonable and complete, these statements are necessarily subject to a number of factors that could cause actual results to vary significantly from current expectations. These factors and other risks and uncertainties are discussed in the Company's materials filed with the Canadian securities regulatory authorities from time to time, as identified in the Company's disclosure record on www.sedar.com. The forward-looking statements included in this news release are made only as of the date of this news release and the Company does not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.