Excellium Inc.

Excellium Inc.

September 27, 2013 15:51 ET

Excellium Inc. Announces Change to its Board of Directors

MONCTON, NEW BRUNSWICK--(Marketwired - Sept. 27, 2013) - Excellium Inc. (TSX VENTURE:XLM) (the "Corporation" or "Excellium"), a Tier II issuer listed on the TSX Venture Exchange (the "Exchange"), announces that Jean-Claude Siew resigned as director of Excellium, effective immediately. As Excellium continues to explore strategic alternatives in an effort to maximize shareholder value, including the potential sale of all or part of the Corporation, a privatization transaction, or the entering into of strategic partnerships; Mr. Siew is ensuring that all future decisions of the board are made with all necessary flexibility, in the best interest of the company. The resignation was accepted by the Board of Directors and the Board wishes to thank Mr. Siew for his contribution.

Gilles Pépin, Consultant in Mergers & Acquisitions, will be joining the Board as an independent director. Additionally, Mrs. Monique Imbeault will act as Executive Chairman.

Mr. Siew remains as President & CEO of Excellium and continues to lead the company and remains highly focused on executing Excellium's long-term operational plan and improving its financial and operational performance and to bring in new projects and execute the present backlog.

Excellium is a security company specialized in biometrics identity systems and proactive security management and in the integration of security products for the institutional and industrial markets. Excellium is active in two distinct but complementary lines of business: electronic security, which includes security management, access control and video surveillance, and electronic identification, comprising background checks and biometric identification. Excellium's common shares are listed on the Exchange under the trading symbol "XLM" and its continuous disclosure filings are available on SEDAR at www.sedar.com. For further information about Excellium, please visit its website at www.excellium.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Excellium Inc.
    Monique Imbeault, Chairman
    (514) 798-8899