Groupe Bikini Village inc.
TSX : GBV

Groupe Bikini Village inc.

August 19, 2013 11:38 ET

Groupe Bikini Village inc. Announces Management Change

SAINTE-JULIE, QUEBEC--(Marketwired - Aug. 19, 2013) - Groupe Bikini Village inc. (TSX:GBV) ("Groupe Bikini Village" or the "Corporation") announces today that Mr. Yves Simard is stepping aside as the Corporation's President and Chief Executive Officer. The Corporation's board of directors (the "Board") thanks Mr. Simard for his valuable contribution since he joined Groupe Bikini Village in 2006.

The Board has initiated a process to identify a new President and Chief Executive Officer. Ms. Chantal Létourneau, comptroller, will act as interim President and Chief Executive Officer.

"The Board will be working closely with Ms. Létourneau during this transition period. Her commitment and dedication to the Corporation for more than 20 years will help in the management transition" stated Mr. Scott Leckie, Chairman of the Board.

Groupe Bikini Village

Groupe Bikini Village inc., serving Canadians for more than a quarter-century, is a leader in the retail sale of beachwear products, with a network of new and renovated boutiques across Eastern Canada. In its bright and inviting stores with comfortable change rooms and knowledgeable staff, Groupe Bikini Village helps its customers choose from among Canada's widest selection of swimsuits, beach and cruise wear and accessories, in the most popular brands the industry has to offer and in styles to suit every figure. Headquartered in Sainte-Julie, Quebec, Groupe Bikini Village operates 55 stores and employs approximately 450 people; its securities trade on the Toronto Stock Exchange under the stock symbol GBV. For more information about Groupe Bikini Village, please visit our website at www.bikinivillage.com.

Forward-looking statements

This news release contains certain forward-looking statements concerning Groupe Bikini Village inc.'s future operations, economic performance, financial conditions and financing plans. These statements are based on certain assumptions and analyses made by management in light of their experience and their perception of historical trends, current conditions and expected future developments, as well as other factors they believe are appropriate under the circumstances. However, whether actual results and developments will conform to management's expectations and predictions is subject to a number of risks, uncertainties and assumptions. Consequently, all of the forward-looking statements made in this news release are qualified by these cautionary statements, and there can be no assurance that the results or developments anticipated by management will be realized or, even if substantially realized, that they will have the expected consequences or effects on the Corporation. Management undertakes no obligation and does not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable law.

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