Ribbon Capital Corp.

December 13, 2006 08:30 ET

Ribbon Appoints Prominent Telecom Executive to Chairman Of The Board

TECUMSEH, ONTARIO--(CCNMatthews - Dec. 13, 2006) - Ribbon Capital Corp. (the "Corporation") (TSX VENTURE:RBN) is pleased to announce the appointment of David Parkes (former President and CEO of Sprint Canada) to the Corporation's Board of Directors. In addition, Mr. Parkes has been appointed Chairman of the Board.

Mr. Parkes is a prominent leader in the Canadian telecommunications industry. As a founding member of the executive team at Cantel (now Rogers Wireless), David held various senior-level positions over a ten year period including President - Cantel Ontario and Senior Vice President - Sales & Marketing. Mr. Parkes continued his career as the CEO of some of the industry's most respected companies including Look Communications, TeleSpectrum and Sprint Canada.

Mr. Parkes is currently CEO of Wakai Technologies and serves on the Board of Directors of Envoy Communications and Clearly Canadian Beverage Corp. He was also a founding board member of Microcell Communications during the successful launch of the Fido brand. David received his MBA and B.Sc. from York University.

Ryan Deslippe, President of the Corporation stated "David Parkes is a true visionary in our industry. He brings a wealth of experience that will help foster our growth potential. He has a proven track-record of building strong, results-oriented public companies."

Concurrent with this appointment, the Corporation announces that Michael Newman will be stepping down as Chairman and will remain as a Director on the Board.

About the Corporation:

Ribbon Capital Corp. completed its qualifying transaction on September 25, 2006 and now operates under the trade name of 'SELECTCORE'. The official name change will be voted on at the upcoming special shareholder's meeting schedule for January 12, 2007.

The Corporation is in the business of providing highly-valued telecom products and services to the ever-growing credit-challenged / sub-prime consumer market. Focused on launching new offerings in high-growth areas such as wireless and IP, the long-term objective is to aggregate a large community of ultra-loyal users. SelectCore markets its products and services through its extensive, nation-wide retail distribution channel. In addition to having long-term relationships with Canada's top carriers, the Corporation maintains its own telecom network and fulfillment infrastructures. SelectCore was ranked Canada's 6th fastest-growing company in 2006 by Profit 100.

This news release contains projections and other forward-looking statements regarding future events. Such statements are predictions, which may involve known and unknown risks, uncertainties and other factors, which could cause the actual events or results and objections to differ materially from those expressed. The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • SelectCore Media
    Investor Relations
    1-866-730-2835 (FAX)
    Website: www.selectcore.com