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Invesprint Corporation Changes Board Of Directors And Management

Monday, May 02, 2005

Press release from the issuing company

TORONTO, ONTARIO -- Invesprint Corporation announced today that a wholly-owned subsidiary of Metro Label Group Inc., 1330011 Ontario Limited (the "Offeror"), has taken up and paid for 4,758,000 common shares of Invesprint representing approximately 88.9% of the outstanding common shares of Invesprint, pursuant to the Offeror's take-over bid circular dated March 22, 2005. The Offeror has extended the time for expiry of the offer to 5:00 p.m. on May 16, 2005. Following completion of the take up and payment for the shares deposited under the offer, Invesprint's Board of Directors and senior management team have tendered their resignations and they have been replaced with nominees of Metro Label Group Inc., as follows: Sandeep Lal - President, Chief Executive Officer and Director Narinder Lal - Director Nandini Chaudhary - Secretary and Director Pramod Gupta - Chief Financial Officer and Director

 

 

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