Misener Private
Holdings Corporation

Inspiring Performance Excellence

R. J. Audwalt Industries Ltd. Dissolving

Niagara Falls (RSS). Clayton Misener, managing director of Misener Private Holdings Corporation, announced the intended dismantling, component sale and dissolution of R. J. Audwalt Industries Ltd. The decision was recently taken by the corporate board of directors at Audwalt and confirmed by its shareholders.

Divisions Chef James International, Chef James US and Chef’s Choice will discontinue. Divisions Marie Patisserie and Running with Scissors will be sold to a predetermined buyer and continued under a different entity. Remaining assets will be divided amongst the shareholders.

“There are a few things here. First, the Chef James/Chef’s Choice initiatives never really materialized due to lacking capital. This isn’t to say it wasn’t a good concept, it just never made it past the cutting room. These endeavours were our primary interest in the endeavour. Second, divisions Marie Patisserie and Running with Scissors are much better suited to the small business spectrum, without formal organization and without the need for management services and systems support, leaving little room for us to participate. Finally, Misener PHC is steering away from bricks and mortar investments, which both of the surviving divisions would classify as. For these reasons we supported dissolution and wish sincere luck to the future operators of Marie Patisserie and Running with Scissors. We have divested ourselves of this investment.” - Clayton Misener, managing director of Misener Private Holdings Corporation.

R. J. Audwalt Industries Ltd. Founded

St. Catharines (RSS). Misener Private Holdings Corporation was party to the organization and incorporation of, and has taken a minority equity position in, R. J. Audwalt Industries Ltd. Misener PHC will participate in company governance and perform specific management functions.

R. J. Audwalt Industries Ltd. is a true innovator in the growing home economics sector. Its opening division Marie Patisserie is a home-style bakery serving up amazing all occasion sweets and offering exclusive dinner service, etc. Marie Patisserie will also offer community cooking classes (cascading into curriculum development, authoring and franchising).