MONTRÉAL, Feb. 15, 2022 /CNW
Telbec/ - Imaflex Inc. ("Imaflex" or the "Corporation") (TSXV: IFX)
announced today that Mr. Mario
Settino resigned from its Board of Directors (the "Board")
with immediate effect.
Mr. Settino tendered his resignation subsequent to his
appointment to the executive team of another company operating in
the flexible packaging space. "On behalf of Imaflex and its Board,
I would like to thank Mr. Settino for his guidance and service over
the years," said Mr. Joe
Abbandonato, President and Chief Executive Officer and
Chairman of Imaflex.
The Board has six members following Mr. Settino's departure,
including four who are deemed independent directors. Imaflex
Management intends to nominate a replacement director for election
at the Corporation's next annual meeting of shareholders.
About Imaflex Inc.
Founded in 1994, Imaflex is
focused on the development and manufacturing of innovative
solutions for the flexible packaging space. Concurrently, the
Corporation develops and manufactures films for the agriculture
industry. The Corporation's products consist primarily of
polyethylene (plastic) film and bags, including metalized plastic
film, for the industrial, agricultural and consumer markets.
Headquartered in Montreal, Quebec,
Imaflex has manufacturing facilities in Canada and the
United States. The Corporation's common stock is listed on
the TSX Venture Exchange under the ticker symbol IFX. Additional
information is available at www.imaflex.com.
Cautionary Statement on Forward Looking
Certain information included in this press
release constitutes "forward-looking" statements within the meaning
of Canadian securities laws. Forward-looking statements are
necessarily based upon a number of estimates and assumptions that,
while considered reasonable by the management of the Corporation,
are inherently subject to significant business, economic and
competitive uncertainties, risks and contingencies. The Corporation
cautions the reader that such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause the actual financial results, performance or achievements of
Imaflex to be materially different from the Corporation's estimated
future results, performance or achievements expressed or implied by
those forward-looking statements and that the forward-looking
statements are not guarantees of future performance. These
statements are also based on certain factors and assumptions. For
more details on these estimates, risks, assumptions and factors,
see the Corporation's most recent Management Discussion and
Analysis filed on SEDAR at www.sedar.com and on the investor
section of the Corporation's website at www.imaflex.com. The
Corporation disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information,
events or otherwise, except as expressly required by law.
Readers are cautioned not to put undue reliance on these
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Imaflex Inc.