Management agreement concluded: Chairman and CEO Changes
Hall Train Entertainment HTRN
Shares issued 15,980,085 Nov 5 close $0.03
Mon 9 Nov 98 News Release
Mr. John Irish reports
The management agreement between Lawrence Keller/Kellerfilm Ltd. and Hall
Train Entertainment Inc./Hall Train Moving Pictures Ltd., concluded on Oct.
3, 1998. Mr. Keller has officially resigned from his position as chairman
and CEO of Hall Train Entertainment Inc. effective immediately.
Mr. Keller will continue to take an active role as a member of the board of
directors of Hall Train Entertainment Inc., and will direct his efforts,
through a consultant arrangement, presently under negotiation; to primarily
focus on two areas of business: (i) co-developing financial opportunities
for Hall Train Entertainment Inc., the company; and, (ii) increasing
competitive advantages to broaden the market share of its wholly-owned
fabrication facility in Oakville, Ontario.
Peter Cole, a director, has been appointed chairman. Mr. Cole enjoys
directorships in many other public companies and notable foundations. He
has held a number of senior positions including senior vice-president of
CIBC; chairman of Central Capital Corporation; chairman of Loewen Ondaajte
& McCutcheon Corporation and many years within the Canadian investment
community.
Co-founder, Matteo Bossio, has been appointed CEO; Allan Garner remains a
director.
These changes reflect the company's mandate to diversify and expand via
joint ventures and acquisitions and this team is poised to actively seek
new business and agreements to further increase its revenue base, thus
increasing shareholder value.
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