Epcylon Technologies Inc.
OTC PINK : PRFC

November 19, 2015 11:58 ET

Epcylon Technologies Inc.: Shareholder Update

TORONTO, ONTARIO--(Marketwired - Nov. 19, 2015) - Epcylon Technologies Inc., (OTC PINK:PRFC) ("Epcylon" or the "Company"), an aggregator of large data which simultaneously converts it into real time software tools for traders, announces that effective November 9, 2015, the Board of Directors accepted the resignation of Leon Redensky as a member of the Board of Directors of the Company. Therefore, as of the date of this Press Release, the Board of Directors consists of the following members: Todd Halpern, Gary Schwartz and John Fitzgerald.

The Board of Directors intends to implement an Executive Committee (the "Executive Committee"), which will consist of the following members: Todd Halpern, Chairman and member of the Board of Directors of the Company, and Kyle Appleby, Chief Financial Officer of the Company. Mr. Todd Halpern will be acting as Chairman of the Executive Committee.

Also, the Board of Directors intends to implement an Independent Advisory Committee (the "Independent Committee"), which will consist of the following two (2) independent following members: Mr. Richard Groome and Mr. Nikolas Perrault. Mr. Richard Groome will be acting as Chairman of the Independent Committee. The Committee will provide ongoing advice with respect to the business plan and overall direction of the company which will not be binding for the Company, including to the Executive Committee. This new Independent Advisory Committee shall remain in effect until such time as the Bitumen transaction has been completed and/or otherwise approved between the parties.

Biographies

Todd Halpern. Mr. Halpern currently presides as President of Halpern Enterprises. Mr. Halpern and his family have been in the business of importing fine wines and spirits into Canada for over 57 years. Mr. Halpern joined Halpern Enterprises in 1979, and since has grown the company tremendously. Today, the company represents over 100 of the World's finest wine and spirit producers. Serving on the Toronto General Hospital Board since 2005, Mr. Halpern is Board Champion of the Krembil Neuroscience Centre's Krembil Discovery Tower and Krembil Neuro Program. He is also Chair of the Grand Cru Culinary Wine Festival, which benefits research at University Health Network.

Kyle Appleby. Mr. Appleby, CPA, CA serves as our Chief Financial Officer. Mr. Appleby has over 15 years' experience in public accounting and has been providing part-time CFO, and other financial accounting and compliance services to both public and private companies since 2007. Prior to 2007 Mr. Appleby worked for several public accounting firms in Canada. Mr. Appleby is a member of the Chartered Professional Accountants of Canada.

Richard Groome. Mr. Groome is currently President & Managing Partner at Notre-Dame Capital Inc., President and CEO of The Changing Planet Inc., Chairman, President, Chief Executive Officer & CFO at Bitumen Capital Inc., Member of the Board of Directors of Hitlab Inc. and past Chairman of Select TV Solutions Inc. and Oriana Technologies Inc., Past CEO and Director at Urban Barns Foods Inc., and past Director of Preo Software Inc. Mr. Groome was previously employed as Senior Vice President-Institutional Equity Sales by Desjardins Securities Inc. past President of Groome Capital Inc., and Marleau Lemire Inc. He served at the CDNX Exchange, the predecessor of the TSXV, and he also served on the board at First Gold Exploration Inc., Imperial Parking Ltd, Sofame Technologies Inc., Global Minerals Ltd., Mitec Technologies Inc., Advantex Marketing International Inc., Creso Exploration Inc., and Mint Technology Corp. He received his undergraduate degree from McGill University.

Nikolas Perrault. Mr. Perrault is a Chartered Financial Analyst who has spent the first 15 years of his career working with some of Canada's largest financial institutions, including National Bank, Merrill-Lynch, CIBC and Scotia Capital. He is President, CEO and Director of Colt Resources Inc., a diversified Canadian mining exploration and development stage company whose primary focus is on developing its base, precious and strategic metal assets in Portugal. His focus throughout his career has been on small cap resource companies worldwide which has allowed him to develop an extensive international network. In May 2007, he founded a management consulting company providing strategic advice to early stage energy and resource companies. Mr. Perrault is also an independent director of NEX listed Bitumen Capital. Mr. Perrault holds a Bachelor of Commerce and obtained his Chartered Financial Analyst designation in 1997.

About Epcylon Technologies Inc.

Epcylon Technologies is a diversified software company that has two distinct business focuses. Our subsidiaries leverage real-time big-data to develop proprietary technology and services for desktop and mobile phones.

Forward-Looking Statements

Except for historical information contained herein, the matters set forth above may include forward-looking statements that involve certain risks and uncertainties. Words such as "may", "could", "anticipate", "believe", "estimate", "expect", "intend", "plan", and similar expressions are used to identify forward-looking statements. These forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements. Epcylon does not undertake any obligation to update any forward-looking statements and cautions investors to consider all other risks and uncertainties, including those disclosed in Epcylon filings with the United States Securities and Exchange Commission.

Contact Information

  • Epcylon Technologies Inc.
    Media Relations
    34 King Street East Suite 1010
    Toronto, ON Canada M5C 2X8
    Phone +1-416-479-0880