For Immediate Release
Toronto Stock Exchange Symbol: RC
RDM Corporation appoints Jean Noelting as Chairman
WATERLOO, ON, March 8, 2012 - RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing, today announced that Jean Noelting has been appointed Chairman of the Board of Directors. Thomas Di Giacomo had advised the Corporation that he would step down from the Chairman role after the Annual General Meeting but would continue to serve on the Board for one more year to provide a proper transition.
"As I take this new role, I would like to thank Tom Di Giacomo for his leadership and strong contribution to RDM during a period of deep recession and unprecedented volatility," said Jean Noelting. "RDM is in a strong position and I am pleased with the direction the Company has taken over the past year. We have returned to revenue growth, generated positive cash flows, and positioned ourselves to grow through potential acquisitions. I believe we have an opportunity to deliver significant value to our shareholders."
Jean Noelting is the Managing Director of RoyCap Merchant
Banking Group, a private equity investment firm which he
founded in 2003 with two partners. He is CEO of Great Lakes
Copper Inc., a leading manufacturer of copper tube products
for the industrial, wholesale and refrigeration markets, and
RoyCap's largest holding. Mr. Noelting previously served as
President and CEO of gaming software company Cryptologic
Inc., and President of industrial distributor Westburne Inc.
He has also held executive positions with Parmalat Canada and
Campbell Soup Company. Mr. Noelting is a registered
Professional Engineer in the province of Ontario and holds a
B.A.Sc. and a M.A.SC. in Mechanical Engineering from the
University of Toronto. He has been a director of RDM
Corporation since 2003.
About RDM Corporation
RDM Corporation is
headquartered in Waterloo, Ontario and trades on the Toronto
Stock Exchange under the symbol RC. RDM is a leading provider
of specialized software and hardware products for electronic
payment processing. RDM has pioneered electronic check
conversion systems and web based image and transaction
management services for banks, retailers, payment processors
and government agencies as well as print quality control and
image quality systems for a variety of global customers. For
more information, visit RDM's website at www.RDMCorp.com .
For more information, please contact:
Randy Fowlie Rui Malhinha
CEO & President Chief Financial Officer
RDM Corporation RDM Corporation
(519) 746-8483 x340
Phone (519) 746-8483 x284 Phone (519) 746-3317 Fax (519)
746-3317 Fax rfowlie@rdmcorp.com
rmalhinha@rdmcorp.com
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© 2012 RDM Corporation.