Imvescor Restaurant Group announces reinforcement of its management team and corporate office consolidation

MONTREAL, Jan. 20, 2015 /CNW Telbec/ - Imvescor Restaurant Group Inc. ("Imvescor" or the "Company") (TSX: IRG), a leading franchiser of restaurants operating in Eastern Canada under the Pizza Delight^®, Mikes^®, Scores^® and Bâton Rouge^® banners, today announced that it has reinforced its management team and that it will be consolidating its two corporate offices into its Montreal head office location to unite management, improve operational efficiency and reduce occupancy and administrative costs.

Imvescor has made several changes to strengthen its leadership team. The Company hired a new Vice President of Purchasing, Mr. Vincent Dugas, who joined Imvescor after working for five years at Sysco Canada in various positions, most recently as Director of Marketing and Supply. Sysco Canada is a global leader in the sale, marketing and distribution of food products to restaurants and institutions.

In addition to announcing Tania Melanie Clarke's upcoming appointment as Imvescor's new Chief Financial Officer today, the Company is pleased to announce the appointment of Mr. John Prontzos as the new Brand Leader for Scores and of Mr. Robert Longtin as the new Senior Director Restaurant Development.

As a partner and Operations Manager in an existing Scores restaurant for the past 11 years and a member of the Scores Franchisee Advisory Committee for two years, John Prontzos is committed to the Scores banner.  He brings with him a strong knowledge of operations combined with a clear view on how to improve recent brand results.

Robert Longtin has been involved in retail networks development for over 20 years in Québec and Eastern Canada and has a deep knowledge of real estate and franchising. Prior to joining Imvescor, he worked for four years at Boston Pizza where he was Development Director for the Québec market. In his new role, he will be responsible for facilitating and expediting the renovation of existing restaurants and seeking out opportunities for new sites.

As part of its decision to consolidate its two corporate offices into its Montreal head office location, Imvescor reduced corporate office staffing levels by 10%, effective immediately and the corporate finance department, currently located in Moncton, will be moved to the Montreal head office before the end of November 2015. The Pizza Delight support team will remain in Moncton but will be relocated to a new, more cost effective office space.

"Our management team is focused on working together with our Board of Directors and our franchisee partners to improve performance on all levels. We will finalize Imvescor's vision and develop our strategic plan that will be presented at the next annual meeting of shareholders" said Mr. Frank Hennessey, President and Chief Executive Officer.

About Imvescor Restaurant Group Inc.

Imvescor Restaurant Group Inc. is a dynamic and innovative organisation in the family and casual dining restaurant industry. The Company is a franchise and licensing business that operates restaurants in Eastern Canada under four banners: Pizza Delight^®, operating primarily in Atlantic Canada, in the family/mid-scale segment, Mikes^® and Scores^®, operating primarily in Québec in the family and casual dining segments and the take-out and delivery segments, and Bâton Rouge^®, operating in Québec, Ontario and Nova Scotia in the casual dining segment. The Company also licenses to third parties the right to manufacture and sell prepared food products under the Pizza Delight^®, Mikes^®, Scores^® and Bâton Rouge^® brands and manufactures and sells vegetarian branded food products in grocery stores and retail outlets under the Commensal^® brand.

Cautionary Note Regarding Forward-Looking Statements

Certain information in this press release regarding the Company, including, but not limited to, the Company's business objectives, estimates, outlook, strategies and priorities, and all other statements other than statements of historical facts, are "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements involve known and unknown risks, uncertainties and other factors outside the Company's control referenced in the Company's continuous disclosure filings which are available on SEDAR at www.sedar.com. Although the forward-looking statements contained herein are based upon what the Company believes to be reasonable assumptions on the date of this press release, the Company cannot assure readers that actual results will be consistent with these forward-looking statements and readers should not place undue reliance on the Company's forward-looking statements. The Company assumes no obligation to update such forward-looking statements to reflect new information, future events or otherwise, except as required by applicable securities laws.

SOURCE Imvescor Restaurant Group Inc.

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