Mr. Dale Kearns reports

EDLEUN APPOINTS SVP ACQUISITIONS AND DEVELOPMENT TO DRIVE NATIONAL EXPANSION INITIATIVES

Edleun Group Inc. is appointing Dean Michaels to the role of senior vice-president, acquisitions and development.

Mr. Michaels has held a series of progressively senior real estate positions with a number of prominent Canadian retail corporations where he oversaw substantial growth in retail locations driving revenue growth, brand recognition and corporate profitability. Most recently, he was senior vice-president, real estate services, with Katz Group Canada Inc. (a leading Canadian operator of pharmacies and drug stores, including the Rexall brand), a position he held for six years. Prior to that, he worked in a number of roles over a 13-year career with Winners Merchants Inc. (now TJX Canada), advancing to the position of vice-president, real estate. Mr. Michaels has significant experience in real estate management, acquisitions, redevelopment and construction in addition to strong operational skills spanning strategic planning, staffing and cost containment. He is a graduate of Concordia University.

"Dean brings a keen understanding of how to expand strong and growing brands, and extensive national commercial real estate experience, to his new role at Edleun," said Mary Ann Curran, chief executive officer of Edleun. "Dean will be a key member of our senior management team, and his contribution will be instrumental in the execution and further development of our national expansion strategy."

"It is significant that Dean brings his experience and relationships from his pivotal roles in the successful growth and market positioning of two major Canadian national retail corporations," said Dale Kearns, president of Edleun.

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