Resolve Business Outsourcing Income Fund
TSX : RBO.UN

Resolve Business Outsourcing Income Fund

November 29, 2006 08:00 ET

Resolve Appoints New Chief Financial Officer, Effective Jan. 2, 2007

TORONTO, ONTARIO--(CCNMatthews - Nov. 29, 2006) –

Attention Business Editors:

Resolve (TSX:RBO.UN), a Canadian leader in business process outsourcing, announced today that it has appointed James M. E. Hyde as Chief Financial Officer. Mr. Hyde will assume his position effective Jan. 2, 2007. In the interim, he will serve as a consultant to the executive management team.

Mr. Hyde brings over 28 years of experience in financial management and strategic leadership to Resolve. Prior to this position, he was the Chief Financial Officer at GSW Inc., a TSX-listed company. During his three-and-a-half year tenure at GSW, the company achieved an 18 per cent annual growth in revenue and a 75 per cent annual growth in its stock price. Prior, Mr. Hyde spent 24 years at Ernst & Young LLP, including 12 years as Partner, providing audit, advisory, and corporate-finance services to a variety of Canadian businesses. Mr. Hyde serves on the Board of the Sino-Forest Corporation, a TSX-listed company. He is also a member of the Canadian Institute of Chartered Accountants.

Lawrence Zimmering, President and CEO of Resolve, stated that, "James is an important addition to the executive management team. His financial, operating and strategic expertise will be instrumental to Resolve as we execute on our growth strategy."

Current Chief Financial Officer, David Horton, has decided to leave Resolve to pursue other business interests. "Dave has been vital to our successful emergence as a public company, and I wish him all the best in his future endeavors," said Mr. Zimmering. Mr. Horton will transition his duties as CFO to Mr. Hyde over the next 30 days.

About Resolve

Resolve is a progressive business process outsourcing (BPO) firm, providing services to over 1000 blue-chip businesses and governments across North America. Resolve delivers essential business functions to its clients on an outsourced basis, enabling them to spend more time focused on building customer relationships, growing sales revenue, and improving operational efficiency. Resolve's diverse BPO solution portfolio includes the following three business lines: Finance and Administrative solutions (F&A), Customer Relationship Management solutions (CRM), and Supply Chain Management solutions (SCM). Along with various government ministries and agencies, Resolve's clients include some of the most recognizable brand names from the financial services, retail, consumer goods and manufacturing sectors. Resolve Business Outsourcing Income Fund is listed on the Toronto Stock Exchange, symbol RBO.UN. For more information, visit www.resolve.com.

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Contact Information

  • Investor Inquiries
    Resolve
    Lawrence Zimmering
    President and CEO
    (416) 503-1800
    Website: www.resolve.com

    Media Inquiries:
    Edelman
    Nolan Reeds
    (416) 979-1120 ext 316

    Edelman
    Mark Sitter
    Edelman,
    (416) 979-1120 ext 333