Appointment of new CFO creates strong finance office for the company
TORONTO, May 29 /CNW/ - SilverBirch Inc. (TSX-V:SVB) a leading digital media company, announced today that Mr. Paul Haber, previously slated to become a director, has instead accepted a direct operational position as Senior Vice President and Chief Financial Officer. As a consequence, Mr. Haber has withdrawn his submission for directorship at the Annual General Meeting held Tuesday, May 27, 2008.
Mr. Haber was most recently an independent consultant and sits on several public company boards. His past experience includes Vice President, Chief Financial Officer and Corporate Secretary of a TSX Venture listed manufacturer, prior to which he was Senior VP and CFO of a subsidiary of a TSX listed global health services company. He is a Chartered Accountant, and CPA, who brings senior financial experience as well as a successful track record for growing companies from a strategic, operational and financial standpoint. He currently sits on the Boards, and Chairs the Audit Committees, of TSX listed South American Silver Corporation and High Desert Gold, adding greatly to his already significant experience in public company governance.
"We are thrilled to secure someone with Mr. Haber's talents in a full time capacity, said SilverBirch CEO, Derek van der Plaat, "Paul, will be a tremendous assistance on operational budgeting and forecasting issues as well as in fulfilling financial due diligence and helping to close further acquisitions."
Incumbent CFO, Graham Lowman, who will continue in the role of Corporate Secretary, said, "I am pleased to be able to turn over this post to a more market oriented professional. As a Chartered Secretary, it is also more appropriate for me to function as Chief Administrative Officer. The company's aggressive growth plans for the future make it imperative to have suitably qualified executives in both roles." Mr. Lowman will henceforth function as Secretary Treasurer following Board ratification of the new appointments.
Mr Haber's appointment carries with it an immediate grant of 300,000 options to purchase common shares of the corporation, at a strike price of $0.425, being the closing price on May 27, 2008, the date of the Board's ratification. The resultant board vacancy will be addressed at a later time.
About SilverBirch Inc.
Toronto-based SilverBirch Inc. is a leading digital media company focused on the fastest growing sectors of the video game and mobile markets. Operating companies include Jambo Mobile Solutions, a fully integrated mobile media company with capabilities in mobile messaging and mobile content delivery, and SilverBirch Studios, a multi-platform video game developer and operator of an MMORPG (massive multiplayer online role-playing game) called Metin2 (see www.metin2.us). For more information, visit www.silverbirchinc.com.
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