Worldwide Promotional Management Inc.
CNSX : WRL

Worldwide Promotional Management Inc.

July 09, 2010 06:30 ET

Worldwide Appoints New Chief Executive Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 9, 2010) - Worldwide Promotional Management Inc. ("Worldwide" or the "Company") (CNSX:WRL) announces that Mr. Joel Dumaresq has joined the Company's Board of Directors, and has been appointed as the Company's Chief Executive Officer. Mr. Mike Marrandino has resigned as CEO and President of the Company, but has agreed to remain as a director. The Company would like to thank Mr. Marrandino for his having acted as CEO and President of the Company since its inception, and for all the hard work contributed by Mike over the years.

The Company continues to search for potential opportunities outside of its present industry, including potential opportunities in the resource sector. 

Joel Dumaresq has been an active investor, board member and advisor in many resource and technology-based businesses in Canada and the US over the past 2 decades. He is the co-founder and managing partner of Matrix Partners Inc., a Canadian private-equity and merchant banking group.

Matrix Partners has structured and invested in a range of technology and resource-oriented businesses over the past several years. Mr. Dumaresq is also a major shareholder and Chairman of the Board of Paramount Pallet Inc., Canada's largest independent wooden pallet leasing, manufacture and repair business with diversified operations in all major Canadian cities.

Mr. Dumaresq was previously President of Greenwater Forest Products, a Richmond, BC – based forest products company. Prior to joining Greenwater Forest Products he worked in banking and financial services for RBC Dominion Securities from 1986 to 1995.

Mr. Dumaresq brings to Worldwide extensive knowledge of the capital markets, experience in financing and growing early and mid-staged businesses, as well as a broad range of contacts and relationships in the venture world.

On behalf of the Board of Directors of:

WORLDWIDE PROMOTIONAL MANAGEMENT INC.

Per: "Mike Marrandino", Director

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management including the statement that the Company intends to source potential acquisitions. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements such as: (i) current economic conditions; (ii) regulatory approvals for any acquisition; (iii) competition for viable acquisitions; and (iv) the ability of the Company to raise funds as required. The Company can offer no assurance that it will be able to consummate a viable acquisition. Except as required by law, the Company assumes no obligation to update the forward-looking information should circumstances or management's estimates or opinions change.

THE CNSX HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

Contact Information

  • Worldwide Promotional Management Inc.
    Joel Dumaresq
    (604) 648-3500
    www.wwpmi.com