Avenue Financial Corporation appoints Chief Operating Officer.TORONTO -- Avenue Financial Corporation ("Avenue"-TSX Venture Exchange "AFC (1) (Application Foundation Classes) A class library from Microsoft that provides an application framework and graphics, graphical user interface (GUI) and multimedia routines for Java programmers. ") is pleased to announce its plans to launch on October 18, 2004 a series of three structured shares of Avenue Global Asset Management Inc. ('AGAM") are on schedule. Avenue is currently looking into an additional two to three new series of structured shares to be made available for the first half of 2005 to be made available to accredited investors and sold through qualified Investment Advisors, Counselors and Planners in select jurisdictions within Canada. Avenue Financial Corporation is also pleased to announce the appointment of Dennis Niven to Executive Vice President, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . Dennis who has been with Avenue for one year, has been leveraging his considerable industry experience in back office administration and operations in building the operational and administrative infrastructure necessary to service AGAM AGAM Ambiente Gas Acqua Monza SpA (Italian) . Dennis is a seasoned manager with extensive experience in the financial services industry having a long career with Toronto Dominion Bank as Associate Vice President Investor Service Division, Systems Manager in TD's System Development Department, and director of Securities Management Services (SMS (1) (Storage Management System) Software used to routinely back up and archive files. See HSM. (2) (Systems Management Server) Systems management software from Microsoft that runs on Windows NT Server. ), TD's Custody Business. More recently, Mr. Niven held the position of Vice President Banking Sector at CGI CGI in full Common Gateway Interface. Specification by which a Web server passes data between itself and an application program. Typically, a Web user will make a request of the Web server, which in turn passes the request to a CGI application program. , a large management and IT consulting firm. Resignation of Clare Copeland as director AFC would like to thank Clare Copeland for his contribution to the Board of Directors over this interim period. Mr. Copeland has resigned as a director indicating he is cutting back his board activities. About Avenue Financial Corporation Avenue Financial Corporation is a TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension Venture listed company which designs, develops, and distributes innovative investment products for high net worth investors and select institutions. Through its international affiliates Avenue Financial plans to be a global administrator of both segregated and pooled managed fund products and services. Avenue Financial Corporation 95 Wellington St West, Suite 707 Toronto, Ontario M5J 2N7 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. has not reviewed and does not accept responsibility for the adequacy of this release. Avenue Financial Corporation (TSX VENTURE:AFC) |
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