easyhome Ltd. Announces Resignation of Five Directors
TORONTO, ONTARIO--(Marketwire - Dec. 21, 2011) - easyhome Ltd. (TSX:EH) announced that Rodney Adams, James Bowland, Walter (Bud) Gates, Steven Richardson, and G. Wesley Voorheis resigned today as directors of the Company. Donald K. Johnson, Chairman of the Board, said: "We thank the departing directors for their service. The Company's Corporate Governance and Nominating Committee will immediately begin the process of nominating new directors for appointment prior to the next Annual General Meeting. The Board has full confidence in management and in the continued direction of the Company."
As of November 30, 2011, easyhome Ltd. had 263 stores, including 47 franchised/licensed locations. The Company also operated 87 easyfinancial kiosks within existing easyhome stores, two stand-alone easyfinancial locations and one national loan office.
easyhome Ltd. is Canada's largest merchandise leasing Company and the third largest in North America, offering top quality, brand-name household furnishings, appliances and home electronic products to consumers under weekly or monthly leasing agreements through both corporate and franchise stores. In addition, the Company offers a variety of financial services, including loans, prepaid cards and cheque cashing through its easyfinancial services business. easyhome Ltd. is listed on the TSX under the symbol 'EH'. For more information, visit www.easyhome.ca.
President & Chief Executive Officer
Sr. VP & CFO