Raydan Manufacturing Reports Appointment and Resignation of Board Members
January 26 2011 - 2:45PM
PR Newswire (Canada)
EDMONTON, Jan. 26 /CNW/ -- EDMONTON, Jan. 26 /CNW/ - Raydan
Manufacturing Inc (the "Company") (TSX-V:RDN) is pleased to
announce the appointment of Luke Gabriel Loran to the Company's
Board of Directors; additionally, we regretfully announce the
resignation of Leonard Jaroszuk from the Board. Mr Loran brings to
the Company considerable financial knowledge gained during his
career in banking with the Royal Bank of Canada and the Canadian
Western Bank. The Board of Directors has accepted his appointment
and he will begin his duties with Raydan effective January 1, 2011.
"We are pleased that Luke has consented to serve on our Board of
Directors," remarks Ray English, President and CEO. "We believe he
will prove an asset to our Company as we move forward." Mr
Jaroszuk's duties with his own group of companies have increased
substantially, giving him cause for concern regarding his ability
to fulfill his obligations as a director of the Company. He,
therefore, tendered his resignation effective January 3, 2011. "We
will miss Len's support and guidance," stated Ray English. "We wish
him luck in his future endeavors." About Raydan Manufacturing
Raydan Manufacturing Inc, based in Edmonton, Alberta, develops and
produces specialized suspension and coupling systems for trucks,
trailers and heavy equipment, as well as operates a chassis
modification centre. Established in 1992, Raydan exports its
innovative, high-quality products to end-users and original
equipment manufacturers (OEMs) in the heavy-duty truck, crane,
fire/rescue and other severe use sectors around the world. 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. This news release contains forward-looking statements that
involve risks and uncertainties, which may cause actual results to
differ materially from the statements made. Potentially, many
factors could cause our actual results to vary materially from
those described herein as intended, planned, anticipated or
expected. Raydan Manufacturing Inc does not intend and does
not assume any obligation to update these forward-looking
statements. To view this news release in HTML formatting, please
use the following URL:
http://www.newswire.ca/en/releases/archive/January2011/26/c5563.html
p/p tabletr valign="top"td align="left"bRaydan Manufacturing
Inc/bbr/ Joan Richardsonbr/ Office Manager/Investor Relationsbr/
780 955 2859br/ 888 472 9326br/ a
href="mailto:joan@raydanmail.com"jrichardson@raydanmfg.com/abr/ a
href="http://www.raydanmfg.com/"www.raydanmfg.com/a/td td
align="right" /td td align="right" /td/tr/table
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