Art In Motion Income Fund

Art In Motion Income Fund

May 11, 2005 07:15 ET

Art In Motion Income Fund appoints Garry Peters as CEO

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 11, 2005) - The Board of
Trustees of Art In Motion Income Fund (the "Fund") is pleased to announce that
company co-founder Garry Peters has agreed to take on the role of Chief
Executive Officer on a permanent basis.

On March 24, Mr. Peters was named interim CEO after the resignation of
Paul Wagler. Robert Quart, Chairman of the Fund's Board of Trustees, says
after carefully considering its options, the Board decided to ask Mr. Peters
to take on the CEO role as the company moves forward with its growth plans.

"Garry is clearly the best person for the job," says Mr. Quart. "His
entrepreneurial spirit and leadership have been fundamental to Art In Motion's
success over the past two decades. The Board was unanimous in its endorsement
of Garry as CEO, and we're delighted that he has agreed to take on this
important responsibility."

Mr. Peters was President and CEO of Art In Motion prior to the Fund's
Initial Public Offering in August 2004. Since then he has been actively
involved in all aspects of the business, serving as a member of the Board of
Directors of Art In Motion GP Ltd., (the general partner of Art In Motion
Limited Partnership) and a member of the Compensation and Corporate Governance
Committee of the Board of the general partner.

The Fund is an unincorporated, open-ended limited purpose trust
established under the laws of British Columbia to hold, indirectly, the
securities of Art In Motion Limited Partnership. Art In Motion is a leading
global publisher, framer and licensor of images and fine-art reproductions.
Art In Motion designs, manufactures and markets fine-art reproductions based
on proprietary artwork.

Contact Information

  • Art In Motion Income Fund
    Robert Quart
    Chairman, Board of Trustees
    (604) 525-3900
    Art In Motion Income Fund - Investor Information
    Allan Achtemichuk
    Chief Financial Officer
    (877) AIM-3233 ((877) 246-3233)