Winnipeg, Manitoba - The Arctic Group Chairman and CEO, Robert Nagy,
announced today the appointment of three new members to the corporate
finance department. Mr. Bill Robertson has been appointed the Company's
new Chief Financial Officer, Mr. Garth Waddell has been appointed the
Company's new Director of Finance and Ms. Cynthia Hanwell has been
appointed Corporate Accountant.
Bill Robertson, a senior financial executive was previously employed as
Manager of Corporate Lending for RoyNat Inc. in Winnipeg. Bill, a
chartered accountant was actively involved in the critical detailed
analysis of the financial and managerial performance of prospective
clients. In addition, Bill has been involved in the negotiation and
structure of clients' acquisitions and divestitures. Prior to joining
RoyNat Inc., Bill was a manager at Coopers & Lybrand Limited. Effective
October 4, 1999, Bill assumes the position previously held by Mr. Don Turple.
Garth Waddell, a chartered accountant, was previously employed as a
Controller with United Grain Growers. Garth has extensive experience in
the manufacturing and distribution sectors of business as well as the
financial and operational reporting structures required to support an
enterprise that is expanding rapidly through acquisition. Prior to joining
U.G.G., Garth worked for Coopers and Lybrand, performing audits, accounting
and other special engagements.
Cynthia Hanwell received her CGA designation in 1987. Cynthia spent the
first eight years of her career in public practice. For the last five
years Cynthia has been employed as a controller with a telecommunications
company. In this capacity, Cynthia was responsible for the implementation
of sophisticated billing and accounting software.
The Arctic Group Inc. is committed to building an internationally
recognized ice company by focusing on an aggressive strategy of growth
through acquisition and consolidation of the ice industry in North America.
For further information, call The Arctic Group Inc. TOLL FREE at
1-888-573-9237 or visit The Arctic Group's Web Site at
arcticgroup.com.
(Signed) On behalf of the Management and the Board of Directors of The
Arctic Group Inc., Robert Nagy, Chairman and CEO
The Alberta Stock Exchange has not reviewed and does not approve or
disapprove of the adequacy or accuracy of this release.
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