MJardin Group, Inc. announced that, effective immediately, its board of directors has appointed Mr. Adrian T. Montgomery as Chairman of the Board of Directors and interim Chief Executive Officer, and has appointed Mr. Lorne Sugarman to the Board of Directors. The company and the Board of Directors wish to thank Mr. Rishi Gautam for his vision, commitment and drive in building a strong platform for growth in a very dynamic industry, and wish him the best in his future endeavours. Mr. Gautam will remain on the Board of Directors and will continue to help with the vision and direction of the business.

Mr. Montgomery has been a senior officer and director of several public and private companies in the fields of media, sports and entertainment, finance and industrial services. Most recently, he served as president and CEO of one of Canada's premier sports and entertainment organizations. He is the former president of Tuckamore Capital Management and was also the former CEO of QM Environmental.

Mr. Sugarman is currently a principal at KES 7 Capital Inc. and Executive Chairman of Wellpoint Health. He was previously the CEO of Wellpoint for a period of six years, and prior to that, he was a Managing Director, Investment Banking at GMP Securities where he also served as a member of the firm's operating committee and board observer for Edgestone Capital Partners, GMP's private equity subsidiary.