Aberdeen International Inc.
TSX : AAB

Aberdeen International Inc.

September 01, 2009 16:35 ET

Aberdeen Appoints David Stein as President and Director

TORONTO, ONTARIO--(Marketwire - Sept. 1, 2009) - ABERDEEN INTERNATIONAL INC. ("Aberdeen" or the "Company") (TSX:AAB) is pleased to announce the appointment of David M. Stein, MSc., CFA, as the new President and Chief Operating Officer of Aberdeen. As part of the appointment, Mr. Stein will also be joining the Board of Directors. George Faught will continue in his role as Chief Executive Officer and Director of Aberdeen and will continue to provide leadership and strategic direction to the Company. Mr. Stein will begin his new role at Aberdeen on October 1, 2009.

Mr. George Faught, CEO of Aberdeen commented "We are pleased to welcome David to the Aberdeen team. I am confident that David's technical expertise combined with his experience in the capital markets will help Aberdeen enhance and realize the value of its investment portfolio over time."

Mr. Stan Bharti, Executive Chairman of Aberdeen stated "I have known David for many years in his role as a highly-ranked mining equities analyst in Canada; he is well respected by both industry and institutional investors and he will be an invaluable addition to our senior management team."

Mr. Stein comes to Aberdeen from Cormark Securities Inc., when he was most recently a mining equities analyst (gold mining), director and member of the executive committee. Mr. Stein joined Cormark's predecessor Sprott Securities Inc. in 2001 and has been a publishing analyst for 9 years. Mr. Stein holds a Master of Science degree (Economic Geology) and Bachelor of Applied Science (Geological Engineering) from Queen's University, and is a CFA charter holder.

Mr. Stein remarks "I am thrilled to be joining Aberdeen in a leadership role. I am excited to work with the existing portfolio of mining and resource investments to realize value for shareholders and to work with George, Stan and the Aberdeen team to unearth the next generation of early-stage investments. I look forward to building on Aberdeen's previous successes."

About Aberdeen International Inc:

Aberdeen is a publicly traded global investment and merchant banking company focused on small cap companies in the resource sector. Aberdeen will seek to acquire significant equity participation in pre-IPO and/or early stage public resource companies with undeveloped or undervalued high-quality resources. Aberdeen will focus on companies that: (i) are in need of managerial, technical and financial resources to realize their full potential; (ii) are undervalued in foreign capital markets; and (iii) operate in jurisdictions with moderate local political risk. Aberdeen will seek to provide value-added managerial and board advisory services to companies. The Corporation's intention will be to optimize the return on its investment over an 18 to 24 month investment time frame.

Aberdeen International Inc.

Please visit the Company's web site at www.aberdeeninternational.ca or write us at smoore@aberdeeninternational.ca

Cautionary Notes

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the impact of the appointment on Aberdeen; past success as an indicator of future success; net asset value of the Company; the potential of investee companies and the appreciation of their share price; the future intentions of the Company with regard to its shareholdings; the Company's plan of business operations; and anticipated returns. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Contact Information

  • Aberdeen International Inc.
    George Faught
    President and CEO
    (416) - 861-5887
    or
    Aberdeen International Inc.
    Stan Bharti
    Executive Chairman
    (416) - 861-5876