Press Release
September 12, 2001
CALGARY, ALBERTA -- TGS Properties Ltd. (``TGS'') yesterday announced the appointment of William J.A. Heidt as
President and Chief Operating Officer. Mr. Heidt also joins the board of directors of the company.
A seasoned executive, Mr. Heidt has an excellent track record, successfully leading financial and operational teams,
and accelerating corporate profitability.
William Heidt has had an exceptional career in senior executive positions. He has previously served as the Chief
Executive Officer of a major Canadian property-casualty insurer, and has provided senior management team leadership
to companies in both the private and public sectors. Mr. Heidt holds the professional designation of Chartered
Accountant.
``We are very pleased to have been able to attract someone of Bill Heidt's caliber to TGS,'' said Chief Executive
Officer, Blair Richardson. ``His keen intellect and strong leadership abilities bring a tremendous strength to
the company, fostering continued growth and value to stakeholders.''
TGS is a Calgary-based commercial real estate and land development company with more than $220 million in assets,
located primarily throughout Western Canada. The company specializes in the acquisition, development and management
of office buildings, community malls and industrial warehouse/storage facilities. In addition, TGS owns one of
the most strategic and valuable land developments in North America: the Three Sisters development in the Banff/Canmore
area of Alberta. For more information visit www.tgsproperties.com.
This press release contains forward-looking statements that involve a number of risks, uncertainties and other
factors. Reliance should not be placed on forward-looking statements because such risks, uncertainties and other
factors may cause the actual results performance or achievements of the company to differ materially from anticipated
future results, performance or achievements, whether implied or expressed in such forward-looking statements. Important
factors that could cause actual results to differ materially from those indicated are market, economic and local
real estate conditions, and risk factors outlined by the Company in its period reports. The company undertakes
no obligation to publicly update or revise any forward-looking statements whether a result of new information,
future events or otherwise.
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Contact:
TGS Properties Ltd. Lloyd Wiggins Exec. Vice President & CFO Phone: (403) 264-9944 or TGS Properties Ltd. Sheryl Fox Vice President Investor Relations Phone: (306) 933-9933 Email: info@tgsproperties.com Website: www.tgsproperties.com