Melcor Developments Ltd.

September 30, 2010 16:28 ET

Melcor Announces Appointment of Andrew Melton to Executive Vice-Chair

EDMONTON, ALBERTA--(Marketwire - Sept. 30, 2010) -

Mr. Ralph Young reports:

Melcor Developments Ltd. (TSX:MRD) is pleased to announce the appointment of Andrew Melton as Executive Vice-Chair of Melcor Developments Ltd. effective October 1, 2010. This appointment is intended to add depth to Melcor's Board governance and to its executive team.

Andrew Melton has been a Board member since 1985 and has played important roles in the company as a major shareholder, director, past employee and real estate broker/advisor to the Company (with his previous employer Avison Young). Andrew's new role will be a combination of board and corporate responsibilities working to assist the Board and our senior management team on an as requested basis including assisting in strategic direction, business development and the generation and evaluation of investment opportunities.

The Board and our senior management team welcome the addition of Andrew as a person of extensive knowledge, experience, integrity, commitment and passion for Melcor and the real estate industry.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Melcor Developments Ltd. - Business Contact
    Ralph B. Young
    President & CEO
    (780) 423-6931
    Melcor Developments Ltd. - Investor Relations
    Michael D. Shabada, C.A.
    V.P. Finance & CFO
    (780) 945-2819