Parc Downsview Park Inc.

Parc Downsview Park Inc.

June 27, 2008 16:58 ET

Parc Downsview Park Inc. Welcomes a New Member to its Board of Directors

TORONTO, ONTARIO--(Marketwire - June 27, 2008) - Parc Downsview Park Inc. (PDP) is pleased to welcome Mr. Ron Colucci to its Board of Directors. The Government of Canada has appointed Mr. Colucci as a Director of PDP for a term of four years.

Mr. Colucci holds a bachelor of arts degree from York University, a master of business administration from the University of Toronto and a Certified General Accountants Association of Canada (CGA) designation. He is currently self-employed as an accountant in public practice. Prior employment includes serving as corporate controller of a group of commercial companies with Tectum Ltd. and as secretary/treasurer and controller with Schlegel Canada Inc. Mr. Colucci is past president of the Certified Accountants of Ontario and is currently a fellow and director on the board of the Certified General Accountants Association of Canada. Mr. Colucci received the distinguished service award from the CGA and is a life member of CGA Ontario. He is also presently chair of CGA Canada and is a member of the Public Accountants Council for the Province of Ontario. Mr. Colucci is an active lecturer on topics relating to accounting and taxation; a writer for business and accounting journals; and an active volunteer with various community organizations.

"I am pleased to welcome Mr. Colucci to the Board of Directors and look forward to working with him," said David Soknacki, Chair of the Board. "The combination of his business and accounting expertise will be of great value to the Board's efforts in accomplishing the Corporation's mandate."

Commenting on the appointment, PDP President and CEO Tony Genco said, "I am delighted to welcome Mr. Colucci to the Board and look forward to benefiting from his insights and experience as we continue to build momentum for Downsview Park."

"The Corporation's mandate to build a unique urban park in the heart of the Greater Toronto Area serves as an exciting challenge and opportunity. I am happy to join the Board of Directors of Parc Downsview Park Inc. and look forward to working with the team in contributing to the Corporation's success," said Mr. Colucci.

Mr. Soknacki noted the completion of Mr. Jeffrey Kerbel's term as a Board member and said, "I would like to thank Jeffrey for his support and faithful service to the development of PDP. As a Board member for the last five and a half years, Jeffrey's support and service to the development of PDP are very much appreciated."

Downsview Park consists of 572 acres on one of the most significant elevations of land in the heart of the Greater Toronto Area. Formerly a military base (CFB Toronto), the site was designated by the Government of Canada in 1994 to be developed as "a unique urban recreational green space for the enjoyment of future generations." Sixty per cent of the land is firmly committed to public open space, parks and recreational uses. The Park attracts more than 900,000 visitors annually and is home to numerous enterprises, including the Toronto Aerospace Museum, The Toronto and Region Conservation, The Toronto Wildlife Centre, Area 51 Paintball and Downsview Park's Action Sports Complex - featuring GrandPrix Kartways, the HoopDome and The Hangar, which offers indoor soccer and beach volleyball. Downsview Park also hosts a roster of community and school programs year-round to create a vibrant resource for the national community. All these attractions and a host of other business relationships and opportunities help to set the stage for the future development of an internationally significant sustainable community at Downsview Park. For more information about Downsview Park, please visit www.downsviewpark.ca, email info@pdp.ca or call 416-952-2222.

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