Amica Mature Lifestyles Inc.
TSX : ACC

Amica Mature Lifestyles Inc.

May 01, 2009 17:00 ET

Amica Mature Lifestyles Appoints Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2009) - Mr. Samir Manji, Chairman, President & CEO of Amica Mature Lifestyles Inc. ("Amica" or the "Company") (TSX:ACC), is pleased to announce the appointment of Hitesh Kothary as Chief Financial Officer ("CFO") and Corporate Secretary.

Mr. Kothary will assume the position of CFO and Corporate Secretary, as of
June 1, 2009. He is a significant addition to Amica's executive leadership team, with more than 20 years of experience in financial accounting and planning.

"We are delighted to have Hitesh joining Amica where he will add a wealth of experience and leadership to a strong and committed group of employees. Hitesh will be a tremendous addition to the Executive and Senior Management groups at Amica," said Mr. Manji.

Prior to his appointment, Mr. Kothary held the position of Vice President, Finance with Pacific Newspaper Group, a division of Canwest Global Communications Corporation. Previously, Mr. Kothary served as Vice President, Controller and Secretary with Revy Home Centres Inc., one of Canada's largest distributors and retailers of hardware, home renovation and gardening products. Mr. Kothary began his financial career at PricewaterHouseCoopers LLP, and is a Chartered Accountant. Mr. Kothary currently serves as Treasurer and Director for the United Way of the Lower Mainland of British Columbia.

"I am excited to be joining Amica and look forward to working with Amica's Senior Management to further establish the Company as the premier brand in the seniors' independent retirement living sector in Canada," said Mr. Kothary.

ABOUT AMICA MATURE LIFESTYLES INC.

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™ Residences, including six under development. The common shares of Amica are traded on the Toronto Stock Exchange under the symbol "ACC".

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