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FOR IMMEDIATE RELEASE Ref. #NRE2006-20
Montreal, October 31, 2006 – TECSYS Inc. (TSX: TCS), an industry-leading supply chain management company announced today that Peter Brereton, currently President and Co-CEO, was named President and CEO effective November 1, 2006 by the board of directors. David Brereton continues in his position as Executive Chairman of TECSYS Inc. but will no longer serve as Co-CEO as of November 1, 2006. The board of directors believes that separating the roles of chairman and CEO will ensure not only better corporate governance for TECSYS but also the continuing streamlining of operations.
TECSYS is a leading supply chain management software provider that delivers powerful enterprise distribution, warehouse and transportation logistics software solutions. The company's customers include about 800 mid-size and Fortune 1000 corporations in healthcare, giftware, office products, third-party logistics, and general wholesale high-volume distribution markets. TECSYS’ shares are listed on the Toronto Stock Exchange under the ticker symbol TCS.
Solutions and general info: info@tecsys.com
Investor relations: investor@tecsys.com
TECSYS Inc.
(514) 866-0001 or (800) 922-8649
The statements in this news release relating to matters that are not historical fact are forward looking statements that are based on management's beliefs and assumptions. Such statements are not guarantees of future performance and are subject to a number of uncertainties, including but not limited to future economic conditions, the markets that TECSYS Inc. serves, the actions of competitors, major new technological trends, and other factors beyond the control of TECSYS Inc., which could cause actual results to differ materially from such statements. All names, trademarks, products, and services mentioned are registered or unregistered trademarks of their respective owners.
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