Attention Business/Financial Editors:
AADCO Automotive Inc. (AA: TSX - Venture Exchange)
BRAMPTON, ON, May 3 /CNW/ - Mr. Charles Hodgkinson, a Director and Chief Executive Officer of AADCO Automotive Inc. (the "Corporation"), is pleased to announce the election of Cal Parent as a new Director to the Board of Directors (the "Board"). Mr. Parent has been the President of Synergetic Holdings Ltd. since 1999, and prior thereto held the position of President at Ross Roy Communications. Mr. Parent previously served as a director of the Corporation from 2001 to 2003 and has also had a long-standing relationship with the Corporation as an investor. The directors and management team of AADCO look forward to Mr. Parent's continued involvement with the Corporation.
AADCO also announces the resignation of Douglas Kemp-Welch from the board for personal reasons. The Board expressed its gratitude to Mr. Kemp-Welch for his commitment and dedication to the Corporation during the restructuring period.
About AADCO
AADCO Automotive Inc. is a growing, Canadian public company with a unique business model committed to complete vehicle dismantling to provide quality used OEM parts, recyclable core from insurance salvage and aftermarket parts to meet the needs of the collision/ mechanical repair industry, as well as the remanufacturing industry through it's Coreline division. AADCO serves over 3,000 mechanical and collision repair clients across Ontario through its LKQ parts division. AADCO maintains one of the largest unbolted inventory of quality used OEM parts in Canada at its 87,000 sq. ft. facility in Brampton, Ontario. AADCO is the only auto recycler to have been awarded the Ecologo for environmental stewardship.
The TSX - Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
For further information: Please contact: AADCO Automotive Inc. - (905) 789-9313, Charles Hodgkinson, CEO, chodgkinson@aadco.ca
