Arriscraft International Income Fund

Arriscraft International Income Fund

June 06, 2006 15:55 ET

Arriscraft International Income Fund Announces Senior Management Change

CAMBRIDGE, ONTARIO--(CCNMatthews - June 6, 2006) - David Boles, President & Chief Executive Officer of Arriscraft International Income Fund ("Arriscraft" or the "Fund") (TSX: AIN.UN) is pleased to announce that Randy White, former President & Chief Executive Officer of Arriscraft, has been appointed to the newly created position of Special Advisor to the Chief Executive Officer, effective immediately. In his new role, Mr. White will assist Mr. Boles with the development and execution of strategic growth initiatives and product development. The term of Mr. White's appointment will extend to September, 2008. The role of Chief Operating Officer has been eliminated.

"We are extremely pleased that Arriscraft will continue to receive the benefit of Mr. White's many years of experience with this business", said Mr. Boles. "We are confident that in his new role Randy will make a significant contribution to the ongoing growth of Arriscraft and the maintenance of its strong brand."

Mr. White commented, "Dave and I have worked closely together over the past six months to ensure a smooth transition of the CEO duties and responsibilities. I am confident that he has the required knowledge to lead the business and am now looking forward to working closely with Dave in helping to carry out the growth initiatives that I believe will help expand the business and add to unitholder value."

Arriscraft International Income Fund

The Fund owns the Arriscraft International manufactured stone, brick and natural stone masonry products business conducted through Arriscraft International Limited Partnership, Arriscraft International LLC and certain affiliates in Canada and the United States. Arriscraft produces manufactured stone masonry products in Canada and the United States using its proprietary The Natural Edge® manufacturing process. These products offer the aesthetic and physical benefits of natural stone combined with the strength, simplicity of construction and cost-effectiveness of traditional masonry. Arriscraft also produces brick and natural stone masonry products and distributes its masonry products across Canada and most of the United States.

This press release contains forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking statements.

Contact Information

  • Arriscraft International Limited Partnership
    David Boles
    President and CEO
    (519) 653-3275