Amadeus announces the appointment of alphonse M. Galluccio to its Board of Directors
Quebec City, September 5th, 2006 –Amadeus International, Inc. (TSX: AML), a pioneer and leader of advanced compliance process control solutions, welcomes to its Board of Directors Mr. Alphonse M. Galluccio, FCMA, CFE, as a replacement to Mr. Nitin Kaushal. Mr Galluccio will also be a member of Amadeus’ Audit Committee.
Alphonse M. Galluccio has a wide experience in internal audit, compliance, risk management and acted as Consultant in various industries such as finance, manufacturing, services and retail. Mr. Galluccio is a recognized leader and excellent communicator. He is the former Vice President of Internal Audit for the Jean Coutu Group (PJC) Inc., the fourth largest drugstore chain in North America and the second largest in both the Eastern United States and Canada.
Alphonse Galluccio began his career as a comptroller and corporate comptroller for a subsidiary of SNC, which is now known as SNC-Lavalin. He then accepted a position as Manager of Internal Audit at Sidbec, a company specializing in steel. In 1985, Mr Galluccio decided to accept a bigger challenge as General Manager of Internal Audit at Domtar, a company with sales exceeding $2.5 billion. He became the Vice President of Internal Audit at Laurentian Bank in 1991. Seven years later, he held office at Andersen, where he was notably Senior Manager providing internal audit services to Tembec and Radio-Canada (CBC) accounts. He joined the Jean Coutu Group in August 2002.
"Amadeus is adding valuable new expertise to its Board with the inclusion of Alphonse Galluccio", said Benoît Côte, Chairman of the Board. "Each member brings a unique perspective to our mission of delivering high-quality compliance process control solutions, and we look forward to benefiting from Alphonse’s considerable expertise."
Mr. Galluccio has served and still serves on several professional committees. Some of these entities include the Ordre des Comptables en management accrédités du Québec, the Society of Management Accountants of Canada (which recognized his contribution by designating him a Fellowship in 2001), the Institute of Internal Auditors (IIA) and l’Institut des vérificateurs internes de Montréal, where he completed a mandate as President in 2004.
"We are delighted that Mr. Galluccio has chosen to join Amadeus' Board", said Amadeus' President and CEO, Mr. Yves Leblanc. "His experience of internal audit, compliance and risk management along side his financial, manufacturing and management experience at the international level will be of great benefit to the Board and to the Company."
Furthermore, Amadeus announces the payment of interest due on a debenture of $500 000 held by Innovatech Québec by the issuance of 291 781 common shares of Amadeus at $0.10 per share, and also the payment of interest due on two other debentures, the latter being of $250,000, held by SIPAR and FIER Cap-Diamant, by the issuance of 291 780 common shares of Amadeus at $0.10 per share. Amadeus will therefore issue a total of 583 561 common shares as payment for these interests due.About Amadeus International
Amadeus International is a pioneer and leader in compliance process control solutions. Its flagship product, eQCM®, is a flexible, Web-based integrated suite of applications that allow organizations to map regulated business processes such as CAPA, non-conformances, customer complaints, audits, and other related quality and business processes. The application suite is coupled with powerful business intelligence capabilities, enterprise content management, and related technologies that help organizations achieve sustained compliance. Amadeus International's global headquarters are located in Quebec City. Amadeus solutions are distributed across four continents.
For further information :
Amadeus International inc.
400, Jean-Lesage Boulevard, suite 500
Quebec, QC, G1K 8W1, Canada
Frédéric Garand, Chief and Financial Officer
Phone: +1 (418) 525-0606 ext: 2268
