VANCOUVER, BC--(Marketwired - September 12, 2016) - Unisync Corp. (TSX VENTURE: UNI) ("Unisync") is pleased to announce the appointment of Joseph M. Gantz of New York, NY as a new independent board member.
Mr. Gantz is a founding partner, a managing director and a member of the Investment Committee of New York based Pine Brook, an investment firm with over $6.2 billion in limited partner commitments focused on building businesses in the energy and financial services sectors.
Mr. Gantz has extensive experience in corporate senior management and is an experienced and successful investor. In 1996 and 1997, respectively, he played an integral role in the successful turnaround of Seymour Housewares Corp., a portfolio company of Chase Capital Partners, and Fitz & Floyd, Inc., a portfolio company of ML-Lee Acquisition Funds II, LP (a joint fund managed by Thomas H. Lee Partners and Merrill Lynch). He served as the chairman and/or CEO of Empire Brushes, Inc., Seymour Housewares Corp. and PECO Pallet. In 1998, he became a founding partner of an SBIC fund focused on investing in creative retail concepts, consumer products and financial services companies.
Mr. Gantz holds a B.A. in History from the University of Pennsylvania and an M.B.A. from the Columbia University Graduate School of Business.
His appointment to our board brings strong operational management experience to our oversight role and a new perspective into the US investment community. We look forward to working closely with Joe as we develop our growth strategies for the future.
Other Developments: The Company also advises that it has granted a total of 340,000 stock options at $2.40 to directors and officers in accordance with its stock option plan approved at the annual and special meeting of shareholders held on May 24, 2016 and accepted for filing by the TSX Venture Exchange on June 13, 2016. The options are for a term of five years and vest at the rate of one-third (1/3) annually in arrears.
The combined operations of Unisync represent a vertically integrated and proudly Canadian enterprise with exceptional capabilities in garment design, domestic manufacturing and off-shore outsourcing, combined with state-of-the-art web based B2B ordering, distribution and program management systems. For more information on our capabilities, products and services please visit our website at www.unisyncgroup.com.
On Behalf of the Board of Directors
Douglas F Good
Forward Looking Statements
This news release may contain forward-looking statements that involve known and unknown risk and uncertainties that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Any forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward- looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.
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