Kelowna, British Columbia - November 14, 2013. Decisive Dividend Corporation ("DE" or the "Company") (TSX Venture: DE.P) is pleased to announce that it has appointed Peter Jeffrey to its board of directors and has received TSX Venture Exchange approval for the appointment.
Mr. Jeffrey has a broad range of executive management experience having held senior management positions with various companies in the manufacturing sector. He is President of his own management consulting firm, PDJ & Associates, and facilitates the Okanagan Peer Mentoring Group for corporate executives.
His previous roles include Vice President at Canadian Manufacturers & Exporters B.C. Division, President at Whitewater Composites Ltd. / Formashape, and President & CEO at Avcorp Industries Ltd. He also worked in Africa with Coopers & Lybrand and in the Bahamas with First City Bank of New York before relocating to Vancouver in 1974.
At the B.C. Division of Canadian Manufacturers & Exporters, he was very involved as a Director, Past Chair and Vice President.
Under Mr. Jeffrey's leadership, Whitewater Composites became the industry leader in North America in resin transfer moulding and volume production, and received a number of awards including "Innovative Organization of the Year" by the Okanagan Science & Technology Council, and "Big Business of the Year Business Excellence Award" by the Kelowna Chamber of Commerce, and "Canadian Innovation Award for Productivity Enhancement" by the Canadian Manufacturers & Exporters Association.
At Avcorp Industries, Mr. Jeffrey ran the largest aerospace company in B.C. and was responsible for establishing the first facility purpose-built for flexible integrated cellular manufacturing in B.C. and the first Canadian company in its industry to use high-speed, flexible manufacturing cells to produce components.
Mr. Jeffrey has also been Director of the Canuck Place Hospice Board; Member of the Manufacturing Advisory Committee of the B.C. Competition Council; Chair of the Steering Committee of the Okanagan Composite Manufacturers Group; Director of the American Composites Manufacturers Association; Director of the Vancouver Board of Trade; Director of the Aerospace Industries Association of Canada, as well as a Director of other associations and companies.
He has also been recognized with a number of awards including the Gold Entrepreneurial Award from the National Canadian Productivity Awards Organization and Executive of the Year by the Richmond Chamber of Commerce and the Award of Merit by the Aerospace Industries Association of Canada.
He has a Chartered Accountancy Degree (FCA) from the United Kingdom.
In conjunction with Mr. Jeffrey's appointment as a director of the Company, the Company has issued him stock options ("Options") to purchase up to 10,000 Common Shares without par value in the authorized share capital of the Company (the "Shares"). Options are being granted pursuant to the Company's 10% rolling stock option plan, a copy of which is available for review on SEDAR at www.sedar.com and will be exercisable until November 13, 2018 at an exercise price of $1.00 per Share.
Should any Option be exercised prior to the completion of a Qualifying Transaction by the Company, the Shares issued in respect thereof will be subject to the provisions of an escrow agreement dated November 13, 2013 between the Company, Olympia Trust Company and Macquarie Private Wealth Inc. ITF Peter Jeffrey. All Shares issued pursuant to the exercise of the Options will also be subject to a hold period of four months and one day form the date of grant of the Options.
For further information regarding the Corporation and the Corporation's management team, see the Prospectus filed with the Corporation's disclosure documents, including the escrow agreement noted above, on SEDAR at www.sedar.com.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
ABOUT DECISIVE DIVIDEND CORPORATION
The Corporation is a capital pool company ("CPC") that has not commenced commercial operations and has no assets other than cash. Except as specifically contemplated in the CPC policy, until the completion of the qualifying transaction, the Corporation will not carry on business, other than the identification and evaluation of companies, business or assets with a view to completing a proposed qualifying transaction.
For further information, please contact:
Mr. David Redekop, Director & Chief Financial Officer
301 - 1665 Ellis Street
Kelowna, BC V1Y 2B3
Telephone: (250) 863-8914
Neither 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 news release.
NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES