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Dion Entertainment CEO Resigns9 December 2002VANCOUVER, British Columbia – (Press Release) -- The Board of Directors of Dion Entertainment Corp. (the "Company") (TSX:DIO - News) provides this update to investors. The Company announces that Mr. Leo Dion, the Chairman and Chief Executive Officer of the Company has resigned effective immediately. The Company also announces that Mr. Christophe Taylor and Mr. Louis Dion have agreed to become directors of the Company. Mr. Taylor is an independent investment advisor with a major nation-wide private investment and planning firm. He has held numerous positions within the financial service industry having worked with management of companies through various stages of their corporate growth providing expertise in strategic planning, implementation and capital development. Mr. Louis Dion has served many roles with the Company since its inception including director, officer and consultant. Mr. Dion was one of the original founders of the Company and brings more than 25 years of related experience in the industry. The Company welcomes both new board members to the Board and thanks Mr. Leo Dion for his many contributions to the Company. The Board of Directors of the Company now consists of Louis Dion, Lyle Rowland, Steen Hansen and Christophe Taylor. The new Board is working diligently to stabilize the Company and is committed to act as quickly as possible to move its projects forward. |