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Prestige Telecom announces appointment of new Lead Director

^{Published on 2011-04-01 09:35:26 - Market Wire}
 

MONTREAL, April 1 /CNW Telbec/ - Prestige Telecom Inc. ("Prestige" or "the Company") (TSXV: PR), a leader in providing engineering, materials furnishing, installation and support services (commonly referred to as EF&I services), as well as technical and aerial services to the Canadian communications and broadcast industries, announced today that the Board of Directors of the Company has approved the appointment of Mr. Michael Pesner as its new Lead Director. Mr. Pesner was appointed a Director of Prestige in 2006 and is currently a member of the Corporate Governance and Compensation Committee, as well as a member of the Audit Committee.

Prestige also announced today the resignation of Honorable Martin Cauchon from the Board of Directors of the Company. Mr. Cauchon assumed the role of Lead Director since July 2007 and was the Chair of the Corporate Governance and Compensation Committee since that date. Mr. Cauchon informed the Directors of his decision to resign from the Board of Directors to pursue his political calling.

"The Company wishes to thank Mr. Cauchon for his support throughout his mandate as Lead Director. His guidance and involvement in the Company's activities were greatly appreciated and were beneficial for the Company's continuous development. We are also pleased with the appointment of Mr. Pesner as the new Lead Director. His knowledge of our business and his professional skills will allow him to successfully lead the Board of Directors in their duties," said Pierre Yves Méthot, Chairman and Chief Executive Officer of Prestige.

About Prestige Telecom Inc.

Prestige Telecom is a leading provider of network engineering, materials furnishing, installation and support services (commonly referred to as EF&I services) required to construct, operate and maintain wireline, wireless and cable television networks. Prestige assists telecommu-nications original equipment manufacturers and service providers to engineer, install and upgrade their infrastructures to support enhanced voice, high-speed data and video services. Prestige Telecom also provides technical and aerial services to the Canadian communications and broadcast industries, including tower supply, engineering, site construction, and infrastructure and equipment maintenance.

In Canada, Prestige has over 1,000 professional and technical personnel operating from 19 service locations in nine provinces. Prestige's head office is located in Baie-D'Urfé (Montreal), Quebec.

[ www.prestigetel.com ]

Forward-Looking Statements

This press release contains certain forward-looking statements with respect to the Company. Such forward-looking statements are dependent upon a certain number of factors and are subject to risks and uncertainties. Management does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information or future events, except when required by the regulatory authorities.

The TSX Venture Exchange accepts no responsibility for the adequacy or accuracy of this press release.