MONTRÉAL, Feb. 7, 2025
/CNW/ - Imaflex Inc. ("Imaflex" or the "Corporation") (TSXV: IFX),
announced today that Mr. Roberto
Longo has resigned from its Board of Directors (the "Board")
for personal reasons, effective immediately. Concurrently, the
Corporation has appointed Mr. Mario
Settino to the Board of Directors, where he will also serve
as Chair of the Audit Committee.
Mr. Settino previously served on Imaflex's Board from 2017 until
2022, including as Chair of the Audit Committee. A seasoned
professional with over 30 years of experience across diverse
industries, he has held leadership roles at companies such as
Balcan Innovations, BioAmber, Peds Legwear, Miranda Technologies,
Loblaws, and Bombardier Aerospace. Mr. Settino is a chartered
professional accountant who began his career at Deloitte. He holds
a Bachelor of Commerce from Concordia University and a
Graduate Diploma in Accountancy from McGill
University.
"On behalf of the Board I would like to thank Mr. Longo for his
valuable contributions to Imaflex over the years," said Mr.
Joe Abbandonato, Executive Chairman
of Imaflex. "I also want to welcome Mr. Settino back to the
Board. Having previously served in this capacity, his return
should ensure a smooth transition. In turn, his extensive
experience in financial oversight and strategic leadership, will be
a significant asset to the Corporation as we continue to drive
growth."
About Imaflex Inc.
Founded in 1994, Imaflex is
focused on the development and manufacturing of innovative
solutions for the flexible packaging and agriculture industries.
The Corporation's products consist primarily of polyethylene
(plastic) film and bags, including metalized plastic film, for
the consumer, industrial and agriculture 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
Information
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.sedarplus.ca 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 forward-looking
statements.
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.
