MONTRÉAL, April 12,
2022 /CNW Telbec/ - Imaflex Inc. ("Imaflex" or the
"Corporation") (TSXV: IFX), announces the appointment of
Roberto Longo to the Corporation's
Board of Directors (the "Board"), where he will also Chair the
Audit Committee. The appointment of Mr. Longo, which is effective
immediately, increases the size of the Board from six to seven
directors, five of which are considered independent. Mr. Longo
succeeds Mario Settino, who resigned
from the Corporation and Chair of the Audit Committee earlier this
year following his employment by another company operating in the
flexible packaging space.
"I would like to welcome Roberto to the Board," said Mr.
Joe Abbandonato, President and Chief
Executive Officer of Imaflex. "His range of executive, financial,
and professional experience, including knowledge of the plastics
industry, will contribute to our ongoing success as we move forward
with our growth initiatives. Roberto brings fresh
perspectives, while strengthening and complimenting the experiences
of our incumbent Board."
Mr. Longo is an experienced executive with over 25 years of
financial and management experience in manufacturing, retail and
distribution. He is currently Chief Financial Officer of Maroline
and previously Vice President of Finance of Tribal Sportswear
General Partnership and Imaflex Inc. He was also a Faculty Lecturer
at McGill University's Desautels
Faculty of Management Chartered Accountancy Program. Mr. Longo is a
chartered professional accountant who began his career at KPMG. He
holds a Graduate Diploma in Public Accountancy and Bachelor of
Commerce in Finance/Accounting from McGill
University.
About Imaflex Inc.
Founded in 1994,
Imaflex is focused on the development and manufacturing of
innovative solutions for the flexible packaging and agriculture
industries. The Corporation's products consist primarily of
polyethylene (plastic) film and bags, including metalized
plastic film, for the consumer, industrial and agriculture
markets. Headquartered in Montreal,
Quebec, Imaflex has manufacturing facilities in
Canada and the United States. The Corporation's common
stock is listed on the TSX Venture Exchange under the
ticker symbol IFX. Additional information is available
at www.imaflex.com.
Cautionary Statement on Forward Looking
Information
Certain information included in this press
release constitutes "forward-looking" statements within the meaning
of Canadian securities laws. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by the management of the Corporation,
are inherently subject to significant business, economic and
competitive uncertainties, risks and contingencies. The Corporation
cautions the reader that such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause the actual financial results, performance or achievements of
Imaflex to be materially different from the Corporation's estimated
future results, performance or achievements expressed or implied by
those forward-looking statements and that the forward-looking
statements are not guarantees of future performance. These
statements are also based on certain factors and assumptions. For
more details on these estimates, risks, assumptions and factors,
see the Corporation's most recent Management Discussion and
Analysis filed on SEDAR at www.sedar.com and on the investor
section of the Corporation's website at www.imaflex.com. The
Corporation disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information,
events or otherwise, except as expressly required by law. Readers
are cautioned not to put undue reliance on these forward-looking
statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Imaflex Inc.