Arriscraft International Income Fund

Arriscraft International Income Fund

March 27, 2006 16:48 ET

Arriscraft International Income Fund Appoints New Chief Financial Officer

CAMBRIDGE, ONTARIO--(CCNMatthews - March 27, 2006) - Arriscraft International Income Fund (TSX:AIN.UN) announced today that Mr. Randy Henderson has been appointed Chief Financial Officer effective immediately.

Prior to joining Arriscraft, Mr. Henderson was Chief Financial Officer of a major Canadian industrial equipment company following his tenure as President and Chief Financial Officer of a TSX-listed Canadian equipment distribution company. Previously, he was a senior manager at a Toronto consulting firm dealing exclusively with business valuations, mergers and acquisitions. Mr. Henderson began his career with one of Canada's largest accounting services companies. He graduated from the University of Manitoba with a Bachelor of Commerce degree and is a Chartered Accountant and Chartered Business Valuator.

Laurie Wright, previously Chief Financial Officer, has been appointed Arriscraft's Director of Finance.

"We are very pleased to have Randy join our senior management team, and are confident he will make a significant contribution to the Company going forward," commented David Boles, President and Chief Executive Officer. "Randy's appointment is an excellent example of how we are strengthening our head office functions to enhance financial controls, reporting, planning, and the overall management of our business."

Arriscraft International Income Fund

The Fund owns the Arriscraft International manufactured stone, brick and natural stone masonry products business conducted through Arriscraft International LP, 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.

Contact Information

  • Arriscraft International Income Fund
    David Boles
    President and CEO
    (519) 653-3275