Reibanc USA, Inc.

Reibanc USA, Inc.

November 04, 2005 09:20 ET

Reibanc USA, Inc. Hires New President

EDMONTON, ALBERTA--(CCNMatthews - Nov. 4, 2005) - Reibanc USA, Inc. (PINK SHEETS:RBAN) is pleased to announce that Robert Claney has joined the company as Director and President.

Robert Claney served as a member of the Edmonton Police Service for some 33 years, retiring from the Force as Deputy Chief of Police in June of 1992. Mr. Claney has worked as a financial planner and later was the principal founder and General Manager of a Civil Enforcement Agency covering the Province of Alberta.

Mr. Claney was appointed Executive Director of the Edmonton Police Association in mid 1997. He provided leadership and labour relations advice to the rank and file Membership of the Edmonton Police Service as well as management of the Association's business activities, including collective agreement negotiations on behalf of its 1,250 Members. He resigned from that position August 2004.

Reibanc USA, Inc. is a real estate development and real estate holding company. The strategy of the company is to develop properties and mange the developments. In certain cases the company will attempt to acquire real estate assets where an opportunity exists to purchase below appraisal or where an existing income stream is in place.

This news release includes forward-looking statements that reflect Reibanc USA Inc.'s current expectations about its future results, performance, prospects and opportunities. Reibanc USA, Inc. has tried to identify these forward-looking statements by using words and phrases such as "may", "will", "expects", "anticipates", "believes", "intends", "estimates", "should", "typical", "we are confident" or similar expressions. These forward- looking statements are based on information currently available to Reibanc USA, Inc. and are subject to a number of risks, uncertainties and other factors that could cause the Company's actual results, performance, prospects of opportunities in the remainder of 2005 and beyond, to differ materially from those expressed in, or implied by, these forward-looking statements.

Contact Information

  • Reibanc USA, Inc.
    Tracy McLeod
    Investor Relations