Komunik Corporation
TSX : KOM

Komunik Corporation

July 31, 2008 09:26 ET

Sebastien Demers Takes Over the Reins at Komunik

MONTREAL, QUEBEC--(Marketwire - July 31, 2008) - The Board of Directors of Komunik Corporation Inc. ("Komunik")(TSX:KOM) announces that Sebastien Demers, who occupied the position of Chief Financial Officer, will assume the role of President, effective August 1, 2008.

Alain Paquin, the current President of Komunik, has announced today his decision to step down from his position but will stay on as Chairman of the Board of Directors as well as remain active in key projects for the company. He will also continue to be a major shareholder of the Company.

"I am convinced that Komunik will be in good hands under Sebastien's leadership. For the past 12 years, we formed a solid and flourishing partnership that enabled us to collaborate on the development of many business projects. Sebastien always demonstrated great management skills and possesses the abilities necessary to bring Komunik to a new level of success," explains Alain Paquin. "As for myself, I have decided to concentrate my efforts on strategic planning activities rather than on business management."

"Considering all of the important changes that we have accomplished since the acquisition of Datamark Systems Group inc., we remain confident in our capacity to successfully complete our transformation, while maintaining our leadership position in the market," claims Sebastien Demers." I sincerely thank Alain for his trust and contributions over the years. I accept this new challenge with much enthusiasm and determination."

In 1997, Sebastien Demers and Alain Paquin created FokusGroup, a consulting firm that specialised in interactive marketing and in information technology. They eventually sold the firm in 2000 to a company listed on the Toronto Stock Exchange. In 2002, Sebastien, still in partnership with Alain, participated in the launch of Komunik, where he managed the firm's financial operations and piloted numerous acquisition projects.

Mr. Demers completed a MBA at Queen's University. He also obtained a B.A. in Administration and a degree in Law from the University of Montreal. In the business world, he is recognised as a top strategist and an exceptional administrator. His expertise has been recognized with numerous prizes, notably a Mercure and a first prize at the Electronic Commerce Gala. After being a finalist in 2001 for the title of Entrepreneur of the Year, awarded by Ernst & Young, he took home the prestigious award in 2004 for his accomplishments at Komunik. He is a member of the Quebec Order of Certified Management Accountants.

About Komunik Corporation

Komunik is a leading provider of end-to-end solutions for Communication Resource Management. We simplify the management of communication resources to help our clients increase efficiency and control over their overall communications.

Komunik develops best of class technology, and provides expertise and support for document management, multi-channel relationship marketing and overall print services. Our clients count on hundreds of experienced employees with experts covering each area of our value proposition. Our nationwide network of 6 production & project development facilities and 5 distribution centres, touch points in every major Canadian city, as well as strategically located offices in the United States, ensures that our clients benefit from local support. For more information about Komunik visit www.komunik.com.

Cautionary note about forward-looking statements

Some of the statements made in this release may constitute forward-looking information or statements within the meaning of securities laws. These statements are based on certain factors and assumptions, which Komunik believes are reasonable as of the current date. While Komunik considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect. Komunik cautions that actual future performance could be affected by a number of factors, including technological change, regulatory change and competitive factors, many of which are beyond Komunik's control. Therefore, future events and results may vary substantially from what Komunik currently foresees. While Komunik may elect to, it is under no obligation (and expressly disclaims any such obligation) and does not undertake to update or alter this information.

Contact Information

  • Massy-Forget Public Relations
    David Barrett
    514-842-2455 ext. 15
    Mobile: 514-823-3726
    dbarrett@mfrp.com