Clearly Canadian Announces Corporate Developments
The Company continues positioning itself for a possible senior exchange listing
VANCOUVER, B.C., June 28, 2007— CLEARLY CANADIAN BRANDS (OTCBB: CCBEF) (the
“Company”) announced today that Brent Lokash has been appointed to the position of CEO of the Company
and will be replaced as President by David Reingold. David Reingold is a leader in the Canadian health food
industry and was the majority owner of DMR Food Corporation, a top seller of organic and natural snack foods
in Eastern Canada, and My Organic Baby Inc., the first full line of certified organic baby food in Canada. Both
DMR and My Organic Baby have recently been acquired by Clearly Canadian.
The Company also announced that Mr. Reingold and George Reznik have been added to the Company’s Board
of Directors (the “Board”). Mr. Reznik is a Chartered Accountant with over eighteen years of corporate finance,
operational management, investor relations and M & A experience. Mr. Reznik will play a significant role in the
Company's overall strategic direction including merger and acquisition and overall business growth. He previously
served as the Vice President of Finance for Pivotal Corporation where he led the company through an Initial
Public Offering on the NASDAQ and Toronto Stock Exchange during Pivotal's high growth phase with a 7-fold
increase in revenue and company size. Prior to joining Pivotal, Mr. Reznik was with Deloitte & Touche
Corporate Finance practice for twelve years and led Deloitte’s business valuation practice. Mr. Reznik is a
Chartered Business Valuator and a Certified Fraud Examiner. Mr. Reingold and Mr. Reznik will replace
Cameron Strang and David Parkes who recently resigned from the Board.
The Board now consists of Brent Lokash (Chairman), Marco Markin, George Reznik, and David Reingold and
the Board’s Audit Committee, Compensation Committee, and Corporate Governance Committees be comprised
of Mr. Markin and Mr. Reznik.
About Clearly Canadian
Based in Vancouve