RW Packaging Ltd.
TSX VENTURE : RWP

RW Packaging Ltd.

June 02, 2005 11:19 ET

RW Packaging Mourns Passing of Mr. Verne N. Downey

WINNIPEG, MANITOBA--(CCNMatthews - June 02, 2005) - RW Packaging Ltd. (TSX VENTURE:RWP)

Mr. Henry De Ruiter, President & CEO of the Corporation announces:

"It is with great sadness that I wish to express my deepest sympathies to the family of the late Mr. Verne Downey, a Director of the Corporation, who passed away early Tuesday morning, May 31, 2005, only 59 years young. Our entire organization, employees and fellow directors will greatly miss his presence, the key roles he has played in the Company and the thoughtful stewardship he has shown on the Board of Directors where he has served since 1998, ensuring the success of our Company. Verne's loyalty, dedication and commitment to our Company and its success, as well as, his genuine care for the well being of our employees were evident to all. He was a colleague, trusted confidante, and dear friend of mine, as well as, a great father, grandfather and husband. For those of us who knew him we are all blessed to have shared his life."

"Mr. Downey joined RW Packaging in July, 1971 and held many key positions of increasing responsibility over his successful career with the Company which spanned more than 33 years. His role with the Company included positions in accounting, purchasing, marketing and operations and he was the Company's Vice-President, Manufacturing & Operations, until his retirement from day-to-day management in November, 2002. In 1998, Mr. Downey played a critical role in the revitalization of the Company and purchased a major controlling interest. Following his retirement he continued to be an active member of the Board of Directors."

"To his wife Deanne, his daughters Kim and Lisa I express my sincere condolences and sympathies."

Notice is hereby given that due to the untimely passing of Mr. Downey, the Board of Directors of RW Packaging Ltd. (the Corporation); in a Board Resolution have resolved to nominate Mrs. Deanne Downey, Mr. Downey's widow, in the coming election of the Board of Directors to be held at the coming Annual Meeting of the Shareholders on June 23, 2005.

RW is GMP and ISO 9001 & 9002 registered. The Company blends and packages liquid and powder private brand consumer products for major retailers and national brand marketers across North America.

Additional information relating to the Company is available online at http://www.sedar.com or the Company's website at http://www.rwpackaging.com

Shares Issued 6,934,398

2005-06-01 Close $0.245


The TSX Venture Exchange (TSX Venture) has not reviewed, and does not accept responsibility for, the adequacy or accuracy of this release.

Contact Information

  • RW Packaging Ltd.
    Mr. Henry De Ruiter
    President and CEO
    Toll free at 1-800-284-6338
    rwp@rwpackaging.com