2012-11-08 21:31:31 -
Mississauga, Ontario CANADA, November 08, 2012 /FSC/ - Armada Data Corporation (ARD - TSX Venture), (the "Company"). It is with great sadness that we announce the sudden passing of Paul Timoteo. Paul was a Director and the Chief Financial Officer and President of the Company. Paul was one of the founders of the Company and instrumental in the growth of the Company since its inception, over twelve years ago.
Our deepest condolences go out to Paul and his family and friends. He will also surely be missed by his friends and colleagues at the Company.
The Company has appointed Elizabeth Matthews as its Interim Chief Financial Officer, effective immediately. Ms Matthews has significant finance and accounting experience. Ms Matthews has
been the Controller at the Company since 1999 and will also continue in this role with the Company.
James Matthews, a Director and the current Chief Executive Officer and Secretary of the Company will assume the role of President.
About Armada Data Corp.
Armada Data is a Canadian publicly traded Information & Marketing Services Company providing accurate and real-time data to institutional and retail customers, through developing, owning and operating automotive pricing-related web sites and providing information technology and marketing services to its clients. Armada's information and marketing abilities have enabled the company to leverage that experience into the food and beverage industry by its acquisition of 90% of the issued and outstanding shares of The Big & Easy Bottle Brewing Company Inc. The Big & Easy Bottle Brewing Company Inc. owns 100% of Mister Beer Inc., which invented, produces and markets the unique "microbrewery in a bottle" beer-making kit.
Armada Data shares are listed on the TSX Venture exchange under the trading Symbol ARD. Armada currently has a total of 16,559,154 shares outstanding.
Additional information relating to Armada Data Corporation is filed on SEDAR, and can be viewed at www.sedar.com.
For further information, please contact:
Armada Data Corporation
Mr. James Matthews, Chief Executive Officer
Tel 1-866-453-6995 ext 225
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a webpage, please click on the following link:
Source: Armada Data Corporation (ARD - TSX-V) www.armadadatacorp.ca
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