Appointment Of David A. King As Vice-Chairman Of Acktion Corporation.TORONTO--(BUSINESS WIRE)--July 16, 1998--Acktion (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :ACK (ACKnowledgment code) The communications code sent from a receiving station to a transmitting station to indicate that it is ready to accept data. It is also used to acknowledge the error-free receipt of transmitted data. Contrast with NAK. 1. ) (WINNIPEG STOCK EXCHANGE:ACK) Acktion Corporation, stock symbol: ACK (TSE, WSE WSE Web Services Enhancements (Microsoft) WSE Warsaw Stock Exchange (Warsaw, Poland) WSE Symposium on Web Site Evolution (IEEE International Symposum) ), today announced the appointment of Mr. David A. King David A. King is the tenth Director of the NASA Marshall Space Flight Center located in Huntsville, Alabama. He was appointed to the position on June 15, 2003. King joined NASA in 1983 as a main propulsion system engineer. as Vice-Chairman of the Corporation. Mr. King, who has served as a director of the Corporation for 8 years, brings over 30 years experience in the real estate sector. He is a seasoned real estate executive who has served on the board of Gentra Inc., and presently serves on the boards of Goldlist Properties Inc., Intrawest Corporation and AGF Management Limited. His appointment reflects the Corporation's strategic focus. Acktion Corporation is a Canadian public company with significant interests in retail and residential real estate. It recently acquired 100 of Devan Properties Ltd. which owns a high quality portfolio of shopping centres throughout Canada, having a value of $350 million. Through Goldlist Properties Inc., which has $350 million in assets, it has a significant interest in residential real estate. Acktion is also the largest unit holder of the Morguard REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). , which has a $400 million portfolio in retail, office and industrial real estate. It also owns approximately 20 percent of Revenue Properties Company Limited (upon conversion of its debentures) and 20 percent of Acanthus acanthus (əkăn`thəs), common name for a member of the Acanthaceae, a family of chiefly perennial herbs and shrubs, mostly native to the tropics. Real Estate Corporation.
CONTACT: Acktion Corporation
Mr. K. Rai Sahi, 416/631-5200
416/635-9549 (FAX)
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