Empire Industries Ltd.

Empire Industries Ltd.

May 04, 2010 07:00 ET

Empire Industries Ltd. Announces Changes to Board of Directors

WINNIPEG, MANITOBA--(Marketwire - May 4, 2010) - Empire Industries Ltd. (TSX VENTURE:EIL) ("Empire" or the "Company"), today announced changes to its board of directors. Norman Harrison, who was an independent director, resigned effective April 30, 2010. The board of directors has appointed Bruce Jackson to the board of directors, and to the audit committee.

"Norm Harrison has been a tremendous asset to our board. We thank him for his tireless service to Empire, and we wish him all the best," said Guy Nelson, Chairman and Chief Executive Officer of Empire. "Norm had indicated to us some time ago that he felt it was time for him to step down from the board. We were grateful that he agreed to stay on to complete the audit committee work for fiscal 2009."

The board has appointed Bruce Jackson to the board, effective immediately. Mr. Jackson has had a long and successful career as an executive in the structural steel and engineered products businesses, including 8 years as Chief Executive Officer of Dynamic Structures Inc. from 1996 to 2004. Empire acquired Dynamic Structures in 2007.

"The board felt that it was important to maintain the balance of independent directors and to ensure continued strength of the Company's audit committee. Moreover, Bruce's executive management experience in the steel fabrication business is going to be a very welcome and timely addition to the Company," Mr. Nelson added. 

About Empire Industries Ltd.

Empire Industries Ltd. adds value to steel through its leading, Western Canadian engineered products manufacturing and steel fabrication groups and its Fort McMurray-based strategic partnership in the maintenance services sector. The Company's business operations are focused on the infrastructure, commercial and industrial construction marketplace of Western Canada and select niche markets internationally. Empire's common shares are listed on the TSX Venture Exchange under the symbol EIL.

Forward-looking statements

This press release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Empire's business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Empire assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.

Neither 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 release.

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