IBC Advanced Alloys Corp.

IBC Advanced Alloys Corp.

January 26, 2010 09:30 ET

IBC Advanced Alloys Appoints Douglas Veitch Vice President Business Development

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 26, 2010) - IBC Advanced Alloys Corp. (TSX VENTURE:IB) ("IBC" or the "Company") announces that it has appointed Douglas Veitch as Vice President of Business Development. In this newly created position, Veitch will work closely with the Company's sales and marketing departments to further expand and support IBC's global growth initiatives.

Most recently, Veitch was Director of Global Bulk Products for Brush Wellman Inc. where he was responsible for new product development for the global industrial business division of Brush Wellman.

"Doug Veitch has a particularly strong track record both in saving clients money and in helping to grow a global business," said Anthony Dutton, President and CEO of IBC. "His experience and excellent reputation will be a great asset to IBC's growing international customer base and also to our company as we continue to develop and expand globally." 

Prior to working at Brush Wellman Veitch was a Senior Account Manager with E.I. DuPont de Nemours at their Engineering Polymers Division in Troy, Michigan where he attained Six Sigma Blackbelt status for top line growth. Before being promoted to DuPont USA, Veitch spent 13 years at DuPont Canada in a range of increasingly senior sales and customer focused positions. He has a B.Sc. Degree in Mechanical Engineering from the University of Alberta.

About IBC Advanced Alloys Corp.

IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 59 employees and is headquartered in Vancouver, Canada with production facilities in Pennsylvania, Indiana and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US and Brazil covering approximately 9,500 hectares. IBC is creating a dynamic global beryllium and advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB".

This news release was prepared by management of IBC, which takes full responsibility for its contents.

Legal Notice Regarding Forward Looking Statements

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectations and/or claims, as applicable, that: (i) IBC is creating a dynamic global beryllium and advanced alloys company (ii) IBC is undertaking global growth initiatives; (iii) that Mr. Veitch's appointment will be well-regarded by IBC's international customers.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the risk that IBC does not execute its business plan; (ii) the inability of IBC to keep pace with market requirements; (iii) IBC's inability to maintain key relationships with suppliers and customers; (iv) IBC not being able to retain key employees; (v) competitors providing better or cheaper products; (vi) markets for IBC's products not developing as expected; (vii) IBC's inability to finance its operations or growth; (viii) inability to obtain all necessary government and regulatory approvals; and (ix) the inability to effectively market IBC's products, including the establishment of viable relationships with third parties; (x) fluctuating beryllium prices may negatively impact IBC's business plans and strategies. These forward-looking statements are made as of the date of this news release and IBC assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although IBC believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate.

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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