News
Equitable Group Inc. announces CFO departure
TORONTO, Feb. 12 /CNW/ - Equitable Group Inc. ("Equitable" or the "Company") (TSX:ETC) today reported the departure of its Chief Financial Officer, Randy Nanek, effective immediately. Mr. Nanek joined the Company on December 5, 2007. His responsibilities will be shared by Equitable's executive management team pending the recruitment of his replacement. Said Andrew Moor, President and Chief Executive Officer: "We wish Randy success in his future endeavours. In the meantime, our management and finance teams are fully capable of performing the CFO duties in a seamless fashion as we seek the right candidate for this position." Equitable will report its financial results for the three and twelve month period ended December 31, 2007 on schedule on February 27, 2008. About Equitable Group Inc. Equitable Group Inc. is a leading niche mortgage lender that focuses on single-family dwelling, multi-unit residential and commercial mortgage financing in selected geographic territories in Canada. It conducts business through its wholly-owned subsidiary, The Equitable Trust Company, which was founded in 1970. Equitable is also a nationally-licensed deposit-taking institution. Equitable's non-branch business model, valued relationships with third-party mortgage professionals and deposit-taking agents, and disciplined lending practices have allowed the Company to grow profitably and efficiently for many years. The common shares of Equitable Group Inc. are listed on the Toronto Stock Exchange under the trading symbol of "ETC". For more information, visit www.equitablegroupinc.com. Forward-Looking Statements Certain information included in this press release, including any information as to our future financial or operating performance or possible future business and other statements that express management's expectations or estimates of future performance, constitute "forward -looking statements". The words "expect", "will", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant risks, uncertainties and contingencies which may cause the actual results, performance or achievements to be materially different from any estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These statements are subject to a number of risks described in the Risks and Uncertainties section of the MD&A, as well as its other publicly filed information, which may be located at www.sedar.com. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. %SEDAR: 00020356E
For further information:
For further information: Andrew Moor, President & CEO, (416) 513-3519