Art In Motion Income Fund

Art In Motion Income Fund

March 24, 2005 16:59 ET

Art In Motion Appoints Founder as CEO

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 24, 2005) - Art In Motion
Income Fund (TSX:AIM.UN) announced today that Paul Wagler, the Chief Executive
Officer of Art In Motion Limited Partnership, has resigned for personal
reasons, and that Art In Motion co-founder, Garry Peters, has been appointed
as interim Chief Executive Officer. Mr. Peters held that position until August
2004, when Paul Wagler, then Chief Operating Officer, was appointed CEO as
part of the initial public offering of the Art In Motion Income Fund. Mr.
Peters has continued to be active in Art In Motion Limited Partnership as
an advisor and director of Art In Motion GP since that time.

In commenting on the change of leadership, Mr. Bob Quart, Chairman of the
Board of Trustees of Art In Motion Income Fund, said: "Paul Wagler has made a
significant and lasting contribution to Art In Motion, and the Board is
appreciative of his commitment to our success. While Mr. Peters has indicated
that he does not intend to retain the role of CEO on a long-term basis, his
commitment and deep knowledge of our business will ensure that Art In Motion
continues to be well managed. Mr. Peters and co-founder Vicki Peters are
together the single largest investor in Art In Motion, and we are confident
that the development of our business for the benefit of all unitholders will
continue under Mr. Peters' leadership."

Contact Information

  • Art In Motion Income Fund
    Garry Peters
    (604) 523-2617
    Art In Motion Income Fund
    Allan Achtemichuk
    (604) 523-2627