FCF Capital Inc.
TSX VENTURE : FCF

March 08, 2016 09:00 ET

FCF Capital Provides Update on Management Team

CALGARY, ALBERTA--(Marketwired - March 8, 2016) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

FCF Capital Inc. (TSX VENTURE:FCF) (the "Company" or "FCF") is pleased to announce that it has retained Mr. Mike Matishak to lead the Company's finance team as Chief Financial Officer, effective upon the approval of the TSX Venture Exchange. Mr. Vincenzo Chiofalo, FCF's former Chief Financial Officer, has agreed to resign effective upon Mr. Matishak's appointment, and the Company and the board of directors of the Company would like to thank him for his valued service.

Mr. Matishak is a Chartered Professional Accountant and has provided financial management and advisory services to companies operating in the manufacturing, resources, insurance, technology and financial services industries. Mr. Matishak has recently been the Chief Financial Officer for Red Rock Energy Inc. (TSXV) and also the Chief Financial Officer for Brasoil do Brasil Exploracao Petrolifera S.A. Mr. Matishak began his career with Arthur Andersen in 1983, where he became a senior auditor and tax accountant. Mr. Matishak obtained extensive international accounting experience during his 13 year tenure with International Advisory Services Ltd. (IAS) in Bermuda. Mr. Matishak received a Bachelor of Commerce degree from the University of Alberta in 1983 and obtained his Chartered Accountant designation from the Institute of Chartered Accountants of Alberta in 1986.

With the recent appointment of Stephen Reid as President and Chief Executive Officer, the Corporation has now assembled an acquisition team to pursue the Corporation's investment strategy. As previously disclosed, Mr. Reid served as Senior Vice President of Business Development of Alaris Royalty Corp from July 2008 until March 2015. His role with Alaris was to create and build relationships with all sources of investment leads. In 2004, Mr. Reid co-founded Alaris IGF Corp., the general partner of Alaris Income Growth Fund L.P., which invested in a diversified portfolio of private businesses in exchange for royalties or distributions from the portfolio companies, with the principal objective of generating stable and predictable cash flows for dividend payments to its security holders. From 2004 to 2008, Mr. Reid oversaw Alaris IGF Corp.'s business development efforts in terms of increasing the company's presence among the advisory referral networks across North America. In July 2008, Alaris Royalty Corp. acquired 100% of the issued and outstanding units of Alaris Income Growth Fund L.P. and all of the outstanding shares of Alaris IGF Corp. In addition to Mr. Matishak, Mr. Reid will be supported by a finance and acquisition team including Akosha Cartmell, Jason Short and Erik Jorgenson.

The Exchange has in no way passed upon the merits of the proposed transactions and has neither approved nor disapproved the contents of this press release.

For further information about FCF or this news release, please visit our website at www.fcfcapital.ca.

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.

Caution concerning forward-looking information

This press release or documents referred to herein contain "forward-looking information" and "forward-looking statements" within the meaning of applicable securities laws. These information and statements address future activities, events, plans, developments and projections. All statements, other than statements of historical fact, constitute forward-looking statements or forward-looking information. Such forward-looking information and statements are frequently identified by words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate", "intend" and similar terms, and reflect assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions, expectations of future developments and other factors which it believes to be reasonable and relevant. Forward-looking information and statements involve known and unknown risks and uncertainties that may cause actual results, performance and achievements to differ materially from those expressed or implied by the forward-looking information and statements and, accordingly, undue reliance should not be placed thereon. Risks and uncertainties that may cause actual results to vary include, but are not limited to failure of the Company to receive necessary regulatory approvals. FCF disclaims any obligation to update or revise any forward-looking information or statements except as may be required by applicable law.

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