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Ranaz appoints a new member to its audit committee

^{Published on 2010-05-14 13:55:16 - Market Wire}
 

MONTREAL, May 14 /CNW Telbec/ - Ranaz Corporation ("Ranaz") (TSX-V: RNZ), a company specializing in the manufacturing and marketing of protein and dietary supplements, announces the appointment as of May 14, 2010 of Mr. Louis Proulx as a member of the audit committee. Mr. Proulx, who has been a member of Ranaz's board of directors since October 24, 2006, will replace Mr. Edward E. March on Ranaz's audit committee. Mr. March will remain a member of the board of directors of Ranaz. The audit committee is comprised of three members: Alain Lachambre, President of the committee, Pietro Perrino and Louis Proulx.

Alain Lachambre has been involved in the computer office product market for over 20 years. He began his career with Canon Canada as a district sale manager and was responsible for developing a distribution channel in Quebec market. In 1989, he joined IBM as an account manager for the mid-range computer system market segment. He was responsible for generating new business by selling integrated solutions, including software equipment and services. In 1992, Alain Lachambre joined Tecknolaser as business development manager and director. He was responsible for building a new distribution channel for the Canadian market. In 1995, he became vice-president of sale and marketing of Tecknolaser. He helped Tecknolaser become a market leader by building brand strategies and new distribution channels, which contributed to Tecknolaser's North American growth. In 2005, Tecknolaser became public on the pink sheets under the name Adsero Corporation. As executive vice-president, he was responsible for obtaining financing and developing acquisition strategies for competitors and customers to further Tecknolaser's presence in the market place. In 2006, Alain Lachambre became president of Audace Lunettes, a distribution company that sells eyeglass frames in the Canadian market. Alain Lachambre obtained a Bachelor's of Business Administration in 1989 from the Université du Québec à Montréal. Therefore, Alain Lachambre is financially literate within the meaning of Regulation 52-110 respecting Audit Committees.

About Ranaz Corporation

Ranaz is a corporation specializing in the manufacture and sale of protein and dietary supplements. Its mission is to create, develop and market nutritional, protein and dietary supplements under its own corporate brands, such as Protidiet and ProtiLife, as well as under private labels.

Full information, including the management discussion and analysis and the financial statements and notes thereto, will be available on SEDAR at [ www.sedar.com ]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.