TMX group

May 5, 2011 (Canada NewsWire Group) --

MONCTON, NB, May 5 /CNW/ - After an extensive 33 year career with Imvescor Restaurant Group Inc. ("IRG" or the "Company") (TSX: IRG), Mr. William Lane, CMA has decided to step down from the role of Chief Financial Officer.  Mr. Lane has agreed to stay on for a period of time as Executive Vice President Restructuring to assist the Company in completing the strategic exit of underperforming locations.  The Company is very grateful to Mr. Lane for his many years of dedicated service to the Company.

The Company is pleased to announce today that Ms. Ming-Ming Wong, CA has been named Interim Chief Financial Officer.  Ms. Wong has been the Vice President of Finance with IRG and has worked closely with Mr. Lane over the past 7 years in the Company's finance group.

As part of the overall strengthening of the IRG executive team, the Company is pleased to announce that Mr. Steven Doyle has been appointed Chief Information Officer.  Mr. Doyle has extensive experience in the field of information technology, most recently as Vice President Project Management Office with Abilis Solutions in Montreal.

About Imvescor Restaurant Group
Headquartered in Moncton, New Brunswick, Imvescor Restaurant Group owns franchised and corporate stores throughout Canada, under four brands: Pizza Delight(R) operates primarily in Atlantic Canada, where it dominates the family/mid-scale segment. Mikes(R) and Scores(R) restaurants operate primarily in Quebec in the family and casual dining segments and the take-out and delivery segments. Baton Rouge(R) operates in the Province of Quebec and Ontario in the casual dining segment.

Forward-Looking Statements
Certain information regarding Imvescor Restaurant Group 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 Company 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 Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. The Company assumes no obligation to update such forward-looking statements, except as required by applicable securities laws. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement.