Word of the Day

Exchange-Traded Fund

In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.

Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will rise and fall in value pretty much the same amount as the Dow or S&P.

You can also buy ETFs that invest in other types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few years, so there is no shortage of ETFs to invest in.

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Friday, July 18, 2008

Molson Coors Names Iain J. G. Napier to Board of Directors

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Comtex

DENVER, CO and MONTREAL, Jul 18, 2008 (MARKET WIRE via COMTEX) ----Molson Coors Brewing Company (NYSE: TAP) (TSX: TAP) announced today that former brewing and leading consumer goods executive Iain J.G. Napier will join its Board of Directors effective immediately.

From 2002 to 2006, Napier served as Chief Executive Officer of Taylor Woodrow plc, an international housing and development company with $7 billion in sales. Prior to this, he worked extensively in the beer industry. From 2000-2001, he was Vice President, U.K. and Ireland for InBev S.A., following their acquisition of Bass Brewers. From 1989-2000 he held various leadership positions with Bass, including as a main board director, Chief Executive Officer, Bass Brewers from 1996-2000. Earlier in his career, Napier also held senior management positions at Ford Motor Company and Whitbread plc.

A resident and native of the United Kingdom, Napier is currently non-executive Chairman of Imperial Tobacco Group plc, non-executive chairman of McBride plc, and a non-executive director of Collins Stewart plc.

"Iain Napier will be a valuable addition to our Board," notes Eric Molson, Chairman of Molson Coors Brewing Company. "He brings significant expertise specific to the brewing industry, along with extensive experience in consumer goods, finance, and executive leadership as well as a global perspective to our business as we enter a period of opportunity and growth for Molson Coors."

About Molson Coors Brewing Company:

Molson Coors Brewing Company is one of the world's largest brewers. It brews, markets and sells a portfolio of leading premium quality brands such as Coors Light, Molson Canadian, Molson Dry, Carling, Coors, and Keystone Light in North America, Europe and Asia. It operates in Canada, through Molson Canada; in the US, through the MillerCoors joint venture; in the U.K. and Ireland, through Coors Brewers Limited. For more information on Molson Coors Brewing Company, visit the company's Web site, www.molsoncoors.com.

 Media Contact:
   Kabira Hatland (303) 277-2555 Email Contact Paul de la Plante (514) 590-6349 Email Contact

SOURCE: Molson Coors Brewing Company

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