Bravern Ventures Ltd.TSXV: BAV.H

Flagship Industries Inc. announces appointment of CFO

· Issued by Bravern Ventures Ltd. via CNW

TSX Venture Exchange Symbol - FII

VANCOUVER, July 24 /CNW/ - Flagship Industries Inc. (TSX Venture: FII) (the "Company") is pleased to announce that Mr. Peter Leitch has been appointed as Chief Financial Officer and Corporate Secretary.

In 1987, Mr. Leitch joined Cannell Films Ltd. and was Vice President and Controller before accepting the position as Vice President and General Manager of North Shore Studios in 1995. Peter currently holds the position of President of North Shore Studios.

The Company has granted options to purchase up to 100,000 shares at a price of C$0.75 per share exercisable for a period of five years to Mr. Peter Leitch, subject to regulatory approval.

On behalf of Flagship Industries Inc.

"Gordon Keep"

Director

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