Aydon Income Properties, Inc.

Aydon Income Properties, Inc.

October 26, 2015 17:43 ET

Aydon Announces Corporate Officers

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 26, 2015) - AYDON INCOME PROPERTIES INC. (CSE:AYD), announces that effective November 1st, 2015 Allan Goulding will be resigning from his position as Chief Financial Officer ("CFO") and will now continue to serve as an independent Director for the Company and will also chair the Audit Committee. Vid Wadhwani will assume the role of CFO and will also continue to serve as Chairman of the Board. David C Carkeek will become the Company's new Chief Operating Officer ("COO") and will assume the day to day responsibilities of the real estate acquisitions and management.

About Aydon Income Properties Inc.:

Aydon Income Properties Inc. is strategically positioned to take advantage of the recovery currently underway in the United States after the historic financial crisis that led to a severe downturn in the residential housing market. Our aim is to capitalize on the recovery in the real estate market by acquiring quality assets at prices below replacement cost in prime residential neighbourhoods that can be turned around or made more profitable through rehabilitation and marketing programs designed to maximize occupancy and boost rents. For more information about the Company, please visit: www.aydonproperties.com or email info@aydonproperties.com.


David B Jackson, President & CEO

Forward-Looking Statement:

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information effects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions, dependence upon regulatory and shareholder approvals, the execution of definitive documentation and the uncertainty of obtaining additional financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise.

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