Avenue Hires Robert Thompson-So.TORONTO -- Avenue Financial Corporation (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE: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 it has entered into an agreement (the 'agreement') through its subsidiary Avenue Global Administrators Inc. with Mr. Robert Thompson-So whereby he will act as an independent sales representative to market and promote the Avenue Global Asset Management Inc. ('AGAM') series share product line-up. Mr. Thompson-So will immediately assume the title 'Managing Director Sales and Distribution'. Robert comes to Avenue Financial Corp. with fifteen years of experience working with high net worth investors and their investment advisors. During the course of his advisory career, Robert consulted and assisted in the management of over $150 million in investment assets for value conscious investors. In 2002 Robert, along with partners, created Independent Hedge Inc., an independent company specializing in furthering the education and awareness in the Canadian marketplace about hedge funds and alternative investments while helping product manufacturers increase their distribution. Since that time, Robert has worked closely with some top-tier alternative strategy product manufacturers, his most recent post being the V.P. Sales, Alternative Strategies with the distribution subsidiary of a large publicly traded financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company. A graduate of the Canadian Investment Management Course (CIM (1) (Computer-Integrated Manufacturing) Integrating office/accounting functions with automated factory systems. Point of sale, billing, machine tool scheduling and supply ordering are part of CIM. ) and a Fellow of the Canadian Securities Institute CSI Global Education Inc.(CSI), formerly known as the Canadian Securities Institute, was started as the educational body of the IDA (Investment Dealers Associations of Canada). CSI has the exclusive mandate to provide many of the courses and exams required to work within the securities (FCSI FCSI Foodservice Consultants Society International FCSI Fellow of the Canadian Securities Institute (Canadian Securities Institute) FCSI Fellow of the Canadian Securities Institute FCSI Fiber Channel Systems Initiative ), Robert has frequently been heard as a guest on CFRB CFRB Christian Fiction Review Blog CFRB Canada's First Rogers Batteryless (radio station) CFRB Community Forest Restoration Board 1010's Money Talks as an authority on the investment planning process. He has also appeared on Investment Television hosted by financial authority Garth Turner as well as having appeared on the multi episode series Money Blues hosted by financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against commentator Jerry White. Robert is also a Certified Hedge Fund Specialist (CHFS CHFS Communications Handling Facility Service ) having graduated from the inaugural class in 2003. Commented Robin Ross Chairman of Avenue, "As a managing director with Avenue Financial Corp, Robert will be responsible for the strategic planning and corporate direction for sales and distribution. Robert's main focus will be to educate investment advisors via face-to-face meetings, workshops, and due diligence meetings Due Diligence Meeting The process of careful investigation by an underwriter to ensure that all material information pertinent to a security issue has been disclosed to prospective investors. on the importance of strategy diversification and the use of alternative investment strategies in professionally managed investment portfolios. He will be instrumental in achieving the penetration we feel our products deserve in the Canadian marketplace and we are looking forward to his success". Under the agreement Mr. Thompson-So will receive $10,000 monthly payable in cash and common shares of Avenue. The common shares will be subject to a four-month regulatory hold. Clarification on closing of Private Placement Avenue wishes to clarify its previous July 26, 2005 press release announcing the closing on 11,746,500 units of its proposed offering of 20,000,000 units being sold at $0.05 per unit. The purpose of the clarification is to identify the portion of the closing that represented Shares for Debt under 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. Policy 4.3. 5,954,000 units ($297,700) of the 11,746,500 closing were in cash. The balance of 5,792,500 units ($289,625) were issued in lieu of debt which consisted of principal and interest on outstanding debentures owed by the Company. It is anticipated that the balance of the offering will be used for further debt conversions. About Avenue Financial Corporation Avenue Financial Corporation is a TSX Venture listed company, which designs and administers world-renowned alternative investment products. Avenue's tax advantaged platform provides Canadian Investors access to the best alternative investment products in the world while investment returns compound tax-free. Access is provided through an investment in (Avenue Global Asset Management Inc. 'AGAM'). The Toronto Venture Exchange ("TSX-V") does not accept responsibility for the adequacy or accuracy of this press release. Avenue Financial Corporation (TSX VENTURE:AFC) |
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