Business
Chairman and CEO of Advantex steps down; Kelly E. Ambrose appointed new CEO
Chairman and CEO of Advantex steps down; Kelly E. Ambrose appointed new CEO.
About this update from Advantex Marketing International Inc.
[{"type":"text","content":"\n\n\n\nADX: TSX\n\n\nTORONTO, Dec. 5 /CNW/ - The Board of Directors of Advantex Marketing\nInternational Inc. (TSX:ADX) today announced that G. Randall Munger has\nstepped down as Chairman and Chief Executive Officer and as a director of the\nCompany. Kelly E. Ambrose, the President and Chief Operating Officer of the\nCompany has been appointed Chief Executive Officer and President.\n\n\nThe Board wishes to thank Randall Munger, the founder of the Company, for\nhis long-standing service and wishes him well in his new endeavours. Mr.\nMunger will remain as advisor to the Company for the next year, working with\nthe CEO on strategic matters and key partnerships.\n\n\n\"The transition leading up to my departure began when Kelly joined\nAdvantex a year ago. Kelly has done an excellent job as President and COO, and\nis ready to step into his new position,\" said Mr. Munger. \"I am very proud of\nthe legacy I leave behind. I would like to take this opportunity to thank all\nthe people with whom I have worked over the past 23 years for their\nenthusiasm, hard work, and dedication. The Company is in capable hands and I\nlook forward to its continued success.\"\n\n\n\"I've enjoyed working with Randall Munger and appreciate the opportunity\nI've had to learn this business from him before stepping into my new role,\"\nsaid Kelly Ambrose, Chief Executive Officer and President of Advantex. \"The\nCompany is making good progress towards its profitability objectives. We\nexpect to continue delivering improved financial performance throughout fiscal\n2007 and going forward.\"\n\n\nAbout Advantex Marketing International Inc.\n\n\nAdvantex Marketing International Inc. is a leading marketing services\ncompany, specializing in 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\n\nThis press release contains certain forward-looking statements relating,\nbut not limited, to the Company...