Business
Advantex Completes Executive Team Transition
Advantex Completes Executive Team Transition.
About this update from Advantex Marketing International Inc.
[{"type":"text","content":"\n\n\n\n\nADX: TSX\n\nTORONTO, July 26 /CNW/ - The Board of Directors of Advantex Marketing\nInternational Inc. (TSX:ADX) today announced the completion of the Company's\nExecutive Team transition that began in October 2005.\nKelly Ambrose, who joined Advantex as President & Chief Operating Officer\nin October 2005 is now assuming full responsibility for the management of the\noperations of the Company, with the exception of the Company's Online Shopping\nMall business, which will continue to report directly to G. Randall Munger,\nChairman and Chief Executive Officer of the Company.\n\"Advantex is on a fast track,\" said Mr. Ambrose. \"Over the past year,\nAdvantex has improved its operating cost structure, completed a $3 million\nequity financing, successfully launched its Advance Purchase Program, and\nrecently began expanding into new geographic and ethnic markets. We are poised\nfor rapid and profitable growth.\"\n\"Kelly is a great asset to the Company, driving significant operational\nimprovements throughout the organization. We look forward to the positive\nresults of his strong leadership in the years ahead,\" said Mr. Munger.\nThe Board also announced that an Executive Committee has been formed to\nfocus on profitability. The Committee is comprised of Richard Groome, Peter\nCharlton, G. Randall Munger and Kelly Ambrose. The Committee will meet\nregularly to review and assess the Company's progress towards its\nprofitability objectives. Messrs. Groome and Charlton are members of the\nCompany's Board of Directors.\n\nAbout Advantex Marketing International Inc.\n\nAdvantex Marketing International Inc. is a leading marketing services\ncompany, specializing Advance Purchase Marketing Programs for merchants,\ncoalition loyalty rewards programs, and Online Shopping Malls. Advantex\nloyalty partners include CIBC, United Airlines, Delta Air Lines, The New York\nTimes, and other major North American corporations, as well as a growing list\nof restaurants, online retailers, golf courses, small inns and resorts.\nAdvantex is a public company, traded on the Toronto Stock Exchange under the\nsymbol \"ADX\". For additional information on Advantex, please visit\nwww.advantex.com.\n\nThis press release includes statements that are forward-looking in\nnature. Advantex cautions that actual performance may be affected by a number\nof f...