People Corporation Announces Changes to its Board of Directors
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/07/12 -- People Corporation (TSX VENTURE: PEO) (the "Company") announces the appointment of Mr. Richard Leipsic to the Board of Directors effective immediately. Mr. Leipsic joins the Board with over 30 years' experience in private and public practice, specializing in mergers and acquisitions, corporate governance and succession planning. Mr. Leipsic is Managing Director at Acumen Corporate Development Inc., prior to which he was General Counsel and Senior Vice President for Canwest Global Communications Corp. for over ten years.
"I am very pleased that Mr. Leipsic has agreed to serve as a Director of People Corporation," said Laurie Goldberg, Chairman and CEO of the Company. "His deep knowledge and seasoned experience in the area of mergers, acquisitions and public company corporate governance will strengthen the board's ability to provide guidance and direction to management as the Company continues to execute on its strategic initiatives."
A native of Winnipeg, Mr. Leipsic holds a Bachelor of Law (LL.B.) from the University of Manitoba and is a member of the Law Society of Manitoba. During his tenure at Canwest, he was engaged in managing and providing legal and corporate advice in association with the company's unprecedented domestic and international media growth strategy. In 2008 he was named the Canadian General Counsel of the Year by the National Post & ZSA Recruitment annual award program. He serves on a number of charitable boards, including The Friends of the Canadian Museum for Human Rights.
In conjunction with this appointment, the Board of Directors has granted 75,000 stock-options to Mr. Leipsic. As part of its compensation program to attract, retain, and reward directors, the Company issues options to new Directors. Directors are also required to purchase shares in the Company. These options will have an exercise price of $0.40 per share, have a term of five years, will vest over a period of three years and are otherwise subject to the terms of the Company's stock option plan.
In addition, the Company is also announcing that Mr. Robert Sillcox has chosen to retire from the Board of Directors at this time. Mr. Sillcox is one of the Company's original Directors from its initial public offering and whose counsel helped steer People Corporation through significant growth and evolution.
"I want to sincerely thank Mr. Sillcox for his considerable contributions to the Company," said Laurie Goldberg. "We all wish him a rewarding retirement."
About People Corporation
People Corporation is a leading employee benefits, group retirement and human resource consulting firm in Canada. With a growing national footprint and fourteen offices across seven provinces, the Company is bringing together the leading consultants in the industry, offering innovative and customized human resource, benefit and pension solutions to its clients. Additional corporate information is available at .
Forward-Looking Information
This news release contains "forward-looking information" within the meaning of applicable securities laws, such as information concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Use of words such as "may", "will", "expect", "believe", or other words of similar effect may indicate forward-looking information including the completion of the transaction, the impact of that transaction on our earnings and cash flow, and the anticipated benefits of the transaction. This information is not a guarantee of future performance and is subject to numerous risks and uncertainties, including those described in our publicly filed documents (which are available on SEDAR at ). Those risks and uncertainties include: our ability to maintain profitability and manage growth; strong competition from other consultants and changes in the current legislation could result in significant competition from the banking industry; failure of information systems and technology; dependence on key clients; seasonality of revenues and the resulting possible impairment on working capital; reliance on key professionals; additional financing may be required and may not be available under terms favourable to us; there can be no assurance that any suitable future acquisition will be available to us or that, if available, the terms of the acquisition will be favourable to us; and a change in general economic conditions. Many of these risks and uncertainties can affect our actual results and could cause our actual results to differ materially from those expressed or implied in any forward-looking information made by us or on our behalf. Given these risks and uncertainties, investors should not place undue reliance on forward looking information as a prediction of actual results. All forward-looking information in this news release is qualified by these cautionary statements. This information is made as of the date of this news release and, except as required by applicable law, we undertake no obligation to publicly update or revise any forward looking information, whether as a result of new information, future events or otherwise. Additionally, we undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
People Corporation
Brevan Canning
Investor Relations
(204) 295-8860
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Datum: 07.05.2012 - 13:00 Uhr
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News-ID 143287
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