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Centrinity Announces Board Of Director Changes And The Engagement Of Financial Advisors
TORONTO, CANADA – August 2, 2002 - Centrinity Inc. (TSX: CTI) today announced that Kip Bedard, vice president of corporate affairs for Micron Technology Inc. and Albert Lin, partner and portfolio manager for Meerkat Management LLC have resigned from its Board of Directors. Both directors are located in the United States.
The Board of Directors of Centrinity had 11 members and will now be comprised of nine members, including three from management. There is no intention to fill the vacancies.
In light of the Company's announcement yesterday that it has received an unsolicited expression of interest for a business combination, the Board has formed an independent committee and engaged Scotia Capital Inc. to advise them on this matter.
For more information, please contact:
Margaret Williamson
Manager, Corporate Communications
Centrinity Inc.
Tel: 905.762.6234
David Pyper
Managing Director
Scotia Capital Inc.
Tel: 416.945.4497
This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. The company cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what the company currently foresees.
FirstClass is a registered trademark of a Centrinity Inc. subsidiary used under license. Centrinity and the Centrinity logo are trademarks of Centrinity Inc. All other trademarks are the property of their respective owners.
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