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Alegro Health Corp. Announces Appointment of Chief Financial Officer and Notice of Change of Auditor.


TORONTO -- Alegro Health Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
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 VENTURE:AGO) announces that Mr. Richard Palmer
For the medieval Sicilian bishop, see Richard Palmer, Archbishop of Messina.
Richard Palmer is an entrepreneur and is the founder of the company d3o Lab. Richard trained as an engineer, and then went to the Royal College of Art to study design.
 has been appointed Chief Financial Officer of the Corporation. Mr. Palmer has over twenty-five years of financial, administrative and transactional experience encompassing a variety of public corporations.

Brenda Rasmussen, President and Chief Executive Officer of Alegro commented, "We are pleased to have Richard joining us. He brings additional experience and knowledge to Alegro's management team and we look forward to his contribution."

Mr. Palmer replaces Mr. Donald Wood who has been Alegro's Chief Financial Officer since 2001. Alegro thanks Mr. Wood for his service and is pleased to have him remain a director. In accordance with the policies of the TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
, Mr. Palmer's appointment to CFO See Chief Financial Officer.   is subject to Exchange approval.

In connection with his appointment to Chief Financial Officer, Mr. Palmer was granted 500,000 incentive stock options, each option exercisable at a price of $0.37 per share until May 16, 2010.

Alegro also announced that it is changing its auditor from Ernst & Young LLP LLP - Lower Layer Protocol , Chartered Accountants, of Toronto (the "Former Auditor") to Grant Thornton LLP This article or section is written like an .
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, Chartered Accountants, of Toronto, effective as of the close of the Annual and Special Meeting of the shareholders of Alegro scheduled to be held on June 24th, 2005 in Toronto. There have been no reservations or reportable events in the Former Auditor's reports.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Alegro Health Corp. (TSX VENTURE:AGO)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 24, 2005
Words:247
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