Mar. 17, 2011 (Canada NewsWire Group) --
MONCTON, NB, March 17 /CNW/ - At its annual general meeting of shareholders (the "Meeting") held yesterday, March 16, 2011, shareholders of Imvescor Restaurant Group ("IRG" or the "Corporation") elected six directors to its board of directors, including four existing directors and two new directors. Shareholders also re-appointed KPMG LLP, Chartered Accountants as Auditor.
Approximately 3.2 million shares, representing approximately 33% of the outstanding shares of the Corporation, were voted by proxy or in person at the Meeting.
Election of Directors
Shareholders elected Pierre-Yves Julien, Monique Imbeault, Robb Chase, Denis Richard, Joe Marsilii and François Gauvin as directors of IRG.
"I look forward to working with the members of the board of IRG and to benefiting from their counsel and experience as IRG strives to meet its growth targets," said Monique Imbeault, Chairman of the board of directors.
"We also want to thank outgoing Chairman and director Gabriel Sacratini for his many years of commitment to this company and its predecessors, and for his significant contribution to our work as a board as IRG transitioned from a royalty income trust to a publicly traded corporation," added Mrs. Imbeault.
About Imvescor Restaurant Group Inc.
Headquartered in Moncton, New Brunswick, IRG owns franchised and corporate stores throughout Canada, under four brands: Pizza Delight® operates primarily in Atlantic Canada, where it dominates the family/mid-scale segment. Mikes® and Scores® restaurants operate primarily in Quebec in the family and casual dining segments and the take-out and delivery segments. Baton Rouge® operates primarily in Quebec and Ontario in the casual dining segment.
Certain information regarding IRG contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Corporation believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Corporation cautions that actual performance will be affected by a number of factors, many of which are beyond the Corporation's control, and that future events and results may vary substantially from what the Corporation currently foresees. The Corporation assumes no obligation to update such forward-looking statements, except as required by applicable securities laws. The Corporation's forward-looking statements are expressly qualified in their entirety by this cautionary statement.
President and Chief Executive Officer
Imvescor Restaurant Group