Empire Industries Ltd.

Empire Industries Ltd.

October 16, 2014 16:00 ET

Empire Industries Appoints Peter White-Robinson Executive Vice President of Attractions

WINNIPEG, MANITOBA--(Marketwired - Oct. 16, 2014) - Empire Industries Ltd. (TSX VENTURE:EIL) today announced that Peter White-Robinson has been appointed Executive Vice President of Attractions, effective immediately. Mr. White-Robinson was elected as a director of the Company at the Annual Shareholders Meeting held in September, 2014.

"I am delighted to have a person of Peter's background and stature join our Company, first as a director and now as a senior executive," said Guy Nelson, Chief Executive Officer of Empire. "Peter's skills and experience will be invaluable to us as we continue to design and build iconic media based attractions and sell them to the burgeoning market, especially in Asia."

Mr. White-Robinson is a mechanical engineer with more than three decades of experience in building, owning and operating the largest engineering and fabrication business in New Zealand. Mr. White-Robinson will be responsible for Empire's Media-based Attractions business segment, including Dynamic Structures and its fabrication and manufacturing operations in Vancouver, its proprietary media based attractions business unit called Dynamic Attractions, and its Chinese fabrication Joint Venture.

Mr. Nelson added: "This appointment significantly strengthens the operational depth of our senior management team at Empire in our fastest growing business segment. It will free me up to focus on creating strategic value in the other parts of our business. I am looking forward to working closely with Peter as we drive the company's strategy forward."

Mr. White-Robinson has been issued 2.5 million stock options, exercisable at $0.10 per share, vesting immediately, expiring in 5 years, pursuant to the stock option plan approved by the shareholders at the last Annual General Meeting.

About Empire Industries Ltd.

Empire Industries Ltd. manufactures specialized engineered products and sells these products domestically and in select international export markets. The company has developed, designed and engineered products for the rapidly growing, global, media based attractions market. The company also provides steel fabrication and installation services, primarily to the industrial, commercial and infrastructure market in Western Canada. The company also has two key strategic equity partnerships; a 49% ownership of ACE Industrial Services that operates in the oil sands industrial maintenance services market, and a 45% ownership of a Chinese joint venture company in the steel fabrication market in Asia. Empire's common shares are listed on the TSX Venture Exchange under the symbol EIL.

For more information about the Company, visit www.empind.com.

Reader Advisory

This news 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 the 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.

Contact Information

  • Guy Nelson
    Chief Executive Officer
    Phone: (416) 366-7977
    Email: gnelson@empind.com

    Allan Francis
    Vice President - Corporate Affairs and Administration
    Phone: (204) 589-9301
    Email: afrancis@empind.com