Bestar Inc.
CNSX : BES

Bestar Inc.

June 24, 2010 09:30 ET

BESTAR: Appointment of a New President

LAC-MEGANTIC, QUEBEC--(Marketwire - June 24, 2010) - Bestar Inc. (CNSX:BES) - The Board of Directors of Bestar Inc. today announced the appointment of Mr. Daniel Mercier as President. Paulin Tardif, who has been the company's Chairman of the Board and President and CEO will continue to chair the Board of Bestar Inc..

Mr. Daniel Mercier brings over 20 years of senior level management experience in industrial and aerospace companies in the field of operations, global supply chain management and start-up of high-tech companies. In the last several years he successfully integrated and managed several acquisitions, JIT manufacturing system and new supplier chain procedures. 

"Our results are still negatively affected by the weakness of the sales, along with the increased strength of the Canadian dollar. Actions must be taken rapidly to improve profitability. The experience of Mr. Mercier will be helpful for Bestar. Acting as an external advisor for the past two months, he is already familiar with the entire operation. The management team of Bestar will assist him in his functions" declared Mr. Paulin Tardif. 

Corporate Profile

Founded in 1948, Bestar Inc. designs, manufactures, and distributes a vast array of ready-to-assemble furnishings that meet customer needs in terms of quality, design, and functionality. During the last years Bestar has specialized in office furniture and since 2006 added the fabrication of components which are both mainly distributed in the United States and Canada.

The company became public in 1986 and operates from its plant in Lac-Mégantic, Québec, Canada.

Bestar's common shares are listed on the Canadian National Stock Exchange (CNSX) under the symbol (BES).

Shareholder Information

Shareholders may find this press release under the CCN news file at www.marketwire.com, on SEDAR at www.sedar.com or on CNSX at www.cnsx.ca.

Contact Information

  • Bestar Inc.
    Paulin Tardif
    Chairman of the Board
    819-583-1017