Amica Mature Lifestyles Inc.

Amica Mature Lifestyles Inc.

December 03, 2009 17:15 ET

Amica Mature Lifestyles Announces New Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2009) - Mr. Samir Manji, Chairman, President & CEO of Amica Mature Lifestyles Inc. (TSX:ACC) ("Amica" or the "Company") is pleased to announce the appointment of Mr. Arthur (Art) Ayres, CA as Chief Financial Officer ("CFO") and Corporate Secretary of Amica.

Mr. Ayres will assume the position of CFO and Corporate Secretary as of December 16, 2009. Mr. Ayres has served as a CFO and in other executive capacities for over 25 years. His experience is wide ranging, having worked in various industries with both public and private companies.

Most recently, Mr. Ayres held the position of Senior Vice President Finance, CFO and Corporate Secretary for MIGENIX Inc., a Canadian public biotech company. In this position, Mr. Ayres was responsible for the overall financial management of the company. Previously, Mr. Ayres served as Controller with Pacific Western Realty Corporation, a private company focused on commercial and residential property development and management. Mr. Ayres has been a member of the Institute of Chartered Accountants of B.C. since 1985, and began his financial career with Thorne Riddell Chartered Accountants. Mr. Ayres holds a Bachelor of Arts (Commerce and Computer Science) degree from Simon Fraser University.

"We are delighted to welcome Art to Amica," said Mr. Manji. "Art has a comprehensive level of financial management, securities and regulatory standards, and business development knowledge. We are confident that Art will be a strong addition to the Amica team and look forward to his participation and contribution as we continue to focus on achieving our business plan objectives for fiscal 2010."

"I am looking forward to working as part of the Amica team to help advance the Amica brand and business," said Mr. Ayres. "Amica is a professional and quality company and represents an exciting opportunity for me to apply my skills and experience."

Amica Mature Lifestyles Inc., a Vancouver based public company, is a leader in the management, marketing, design and development of luxury housing and services for mature lifestyles. There are 25 Amica Wellness & Vitality(TM) Residences, including two under development and three in pre-development. The common shares of Amica are traded on the Toronto Stock Exchange under the symbol "ACC". For more information, visit

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