Toronto Stock Exchange Symbol: RC
WATERLOO, ON, April 7 /PRNewswire-FirstCall/ - RDM Corporation (TSX: RC), a leading developer of specialized software and hardware products for electronic payment processing, today announced that Chief Financial Officer James Merwin has resigned from his position to pursue a similar role at a privately owned company. Mr. Merwin will continue in the role until the release of the second quarter results, expected to be on May 2, 2011. RDM has commenced a formal process to select a successor.
"We thank Jim for the many contributions he has made over the past five years," said Randy Fowlie, President and Chief Executive Officer of RDM Corporation. "During that period Jim oversaw the Company's evolution to a recurring revenue business with a very well capitalized balance sheet. We wish him continued success in his career."
About RDM Corporation
RDM Corporation is headquartered in Waterloo, Ontario and trades on the Toronto Stock Exchange under the symbol RC. RDM is a leading provider of specialized software and hardware products for electronic payment processing. RDM has pioneered electronic check conversion systems and web based image and transaction management services for banks, retailers, payment processors and government agencies as well as print quality control and image quality systems for a variety of global customers. For more information, visit RDM's website at www.RDMCorp.com
This news release contains forward-looking statements. Forward-looking statements are based on estimates and assumptions made by RDM in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that RDM believes are appropriate in the circumstances. Many factors could cause RDM's actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements. Risk factors relating to RDM are discussed in the Risks and Uncertainties section of RDM's Annual Information Form and year-end Management's Discussion and Analysis. These factors should be considered carefully, and readers should not place undue reliance on RDM's forward-looking statements. RDM has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE RDM Corporation