Empire Industries Ltd.
TSX VENTURE : EIL

Empire Industries Ltd.

January 05, 2015 07:00 ET

Empire Industries Reports Organizational Changes

WINNIPEG, MANITOBA--(Marketwired - Jan. 5, 2015) - Empire Industries Ltd. (TSX VENTURE:EIL) today reported that it is reorganizing its media-based attractions business segment with Peter Schnabel, President of its Dynamic Attractions business unit, leaving to pursue other endeavors.

"Peter has been instrumental in our efforts to build the Dynamic Attractions brand into one of the undisputed leaders in the media-based attractions globally," stated Guy Nelson, Empire Industries and Dynamic Attractions CEO. "However, I fully understand that after non-stop, tireless work, over the past three years and ten IAAPA industry trade shows, that he feels he has accomplished his mission. We wish him well in his future endeavors."

The company also announced that Guy Nelson will assume the role of President of Dynamic Attractions Ltd., delegating specific responsibilities to key members of the operational management team. Peter White-Robinson will continue to lead Empire's Media-Based Attractions business Unit and the overall execution of its record backlog of orders. Peter Schnabel will continue to support the Dynamic Attractions sales efforts and transitional matters on a consulting basis.

"One of Peter's superb accomplishments was to build an organization of incredibly talented employees, and mentor them into being executives, capable of filling his large shoes," Mr. Nelson added.

About Dynamic Attractions

Many of the most popular rides at the world's largest amusement parks have been engineered, fabricated and/or built by Dynamic Attractions and its sister company, Dynamic Structures. The media-based attractions company has a proven record of delivering rides with unmatched records of safety, quality and reliability. Dynamic Attractions is a subsidiary of Empire Industries Ltd. (TSX VENTURE:EIL).

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 & 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.

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