TORONTO, Ontario (September 24, 2003) -MDC Corporation Inc. (“MDC”) announced today that Rob Dickson and Graham Rosenberg have been named Managing Directors of MDC. Mr. Rosenberg had been Executive Vice President at MDC and Mr. Dickson was previously Executive Vice President, Corporate Development, for Maxxcom Inc. (“Maxxcom”) (a wholly owned subsidiary of MDC). Harold Reiter, formerly President and CEO of Maxxcom, has resigned and will remain a consultant to MDC. Miles S. Nadal, Chairman, President, and CEO of MDC has assumed Mr. Reiter’s responsibilities.
“Mr. Reiter has played an instrumental role in the successful restructuring of MDC and Maxxcom and, now that the program is complete, we can embark on building our platform,” said Nadal.
“With the privatization of Maxxcom and divestiture of most of our non-core businesses complete, MDC is refocused on marketing communications. We are building a partnership of innovative, entrepreneurial firms, each with a point of difference in its respective market. In that spirit, subject to receipt of all necessary approvals, we will soon change the company name to MDC Partners Inc., which will better reflect the central role of the dedicated people at our partner companies,” said Nadal. “Today, we are the 17th largest marketing services firm in the world and are well positioned to achieve our goal of becoming a top 10 player in the next 5 years through organic growth and selective acquisitions,” added Nadal.
To demonstrate the commitment of MDC to this vision, the company also announced today that Bob Van Horn has joined the firm. Mr. Van Horn has 20-plus years’ experience with true industry leaders in marketing communications. He was Assistant to the Chairman at Fallon Worldwide, Minneapolis, Executive Vice President at Crispin Porter & Bogusky, Miami, and a deputy managing director for BBDO in Europe.
Chuck Porter, Chairman, Crispin Porter & Bogusky, will devote a portion of his time to building, nurturing, and identifying other companies to join MDC’s entrepreneurial group. “We envision an alternative to the traditional agency network model,” said Porter. “We don’t have baggage, bureaucracy, or dinosaur philosophies. What we do have is flexibility, creativity, and talent to employ a new vision. It’s time for a new kind of network, and MDC is uniquely qualified to build it,” added Porter.
About MDC Corporation Inc. (“MDC”)
MDC Corporation Inc. is the 17th largest marketing communications firm in the world, providing services in Canada, the United States, and the United Kingdom. Through its network of entrepreneurial firms, MDC services include advertising and media, customer relationship management, and marketing services. MDC also offers security-sensitive transaction products and services through its Secure Transactions Division. MDC Class A shares are publicly traded on the Toronto Stock Exchange under the symbol MDZ.A and on the NASDAQ under the symbol MDCA.