QUEBEC CITY, May 16 /PRNewswire-FirstCall/ -- Cossette Communication Group Inc. ("Cossette" or the "Company") announces that it is implementing a financing arrangement for an amount of approximately $5,800,000 for the purposes of facilitating the purchase of the Company's subordinate voting shares by certain senior executives. Mr. Claude Lessard, Chairman, Chief Executive Officer and President, and the other three remaining founding partners of Cossette will not benefit from such financing arrangement. The share purchases will be completed through the facilities of the Toronto Stock Exchange.
Cossette Communication Group Inc. offers a full range of leading-edge communication services to clients of all sizes, including some of the most prestigious brands in the world. A customer-driven organization built around highly specialized business units, Cossette also offers Convergent Communications(TM), a unique working method that brings added value to the client by integrating various services offered by the Group, including strategic planning and research, advertising, media planning and buying, sales promotion, CRM, database and direct marketing, interactive marketing and technology solutions, public relations and alliance marketing, branding and design, ethnic marketing, sports marketing, branded content and product placement and business-to-business communications (B2B practices). Cossette has approximately 1,650 employees and offices in Quebec City, Montreal, Toronto, Vancouver, Halifax, New York, Irvine, Los Angeles, London, Moscow and Shanghai.
