VANCOUVER, B.C. MONTREAL, QUEBEC— EACOM Timber Corporation (TSX VENTURE: ETR; “EACOM” or the “Company”) today announced the appointment of Marc Girard as its Executive Vice-President and CFO. Mr. Girard replaces Mr. Michael Liggett, the former CFO who will remain with the Company on a consulting basis. Prior to joining EACOM, Mr. Girard served as Senior Vice-President and Chief Financial Officer of SR Telecom, a TSX-listed company, and Vice-President and Chief Financial Officer of Aeroplan Income Fund, a Canadian income trust listed on the TSX. Previously, Mr. Girard was Vice-President and Treasurer at Quebecor and Quebecor Media, and he held various senior finance roles with BCE and Bell Canada. Mr. Girard is a Chartered Accountant (CA) and a Chartered Financial Analyst (CFA), and he holds an MBA from McGill University. The appointment is subject to TSX-V approval.
”We welcome Marc to our senior executive team. His appointment as CFO is another important step in positioning EACOM for success,” said Rick Doman, President and Chief Executive Officer. “He brings the experience, leadership and appropriate financial discipline necessary to recognize and capitalize on future opportunities, as well as providing significant experience with the financial community”.
EACOM Timber Corporation is a TSX-V listed company. EACOM owns seven sawmills and an equity interest in an eighth sawmill, all located in Eastern Canada and related tenures. The mills are Timmins, Nairn Centre, Gogama and Ear Falls in Ontario and Val-d’Or, Ste-Marie and Matagami in Quebec. The equity interest is in the Elk Lake sawmill located in Ontario. The sawmills in Ear Falls, Ontario, and Ste-Marie, Quebec, are currently idled. EACOM also owns one idle mill in Big River Saskatchewan. EACOM also owns a remanufacturing facility and a 50% interest in an “I” joist plant.
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. All director and officer appointments are subject to TSX Venture Exchange approval.
All statements in this news release that are not based on historical fact are “forward-looking statements.” While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the captions “Risk Factors” of the Filing Statement dated January 8, 2010 and the current MD&A for EACOM Timber Corporation on file with the Canadian Securities Commissions.