VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 18, 2013) - IBC Advanced Alloys Corp. (TSX VENTURE:IB)(OTCQX:IAALF) has retained The Howard Group Inc. to advise and support the Company with strategic investor communication programs. The Howard Group will direct both traditional and online initiatives targeting the investment and institutional communities and the investing public.
Since 1988, The Howard Group has provided comprehensive investor and capital markets programs, business development solutions, strategic planning and financing services to public companies. The Howard Group is associated with the Insight Limited Partnership II, which invests in micro and small cap companies.
The principals of The Howard Group and The Insight II Limited Partnership own 1.3 million shares and 750,000 warrants of IBC Advanced Alloys and continue to acquire shares in the open market.
The term of the agreement is for an initial period of 13 months. IBC agrees to pay $2,500 for the first month and $7,500 for the remaining 12 months of the contract. In addition to the monthly fees, The Howard Group has been granted, subject to regulatory approval, an option to purchase an aggregate total of 400,000 common shares of IBC at a purchase price of $0.14 per share. The options vest in equal amounts at the rate of 25% per quarter and have a three-year term.
For further information on The Howard Group Inc. please visit www.howardgroupinc.com.
In addition to its ongoing services, The Howard Group Inc. will be providing an ongoing commentary on IBC's activities in its "Insight" online newsletter. Interested parties are encouraged to subscribe to the newsletter feed:
The above agreement is subject to the acceptance of the TSX Venture Exchange.
About IBC Advanced Alloys Corp.
IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 80 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. IBC is creating a dynamic global beryllium and advanced alloys company. IBC's common shares are traded on the TSX Venture Exchange under the symbol "IB" and the OTCQX under the symbol "IAALF".
This news release was prepared by management of IBC, which takes full responsibility for its contents. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither 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.
This disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control including: the impact of general economic conditions in the areas in which the Company operates, industry conditions, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing activities therefore the Company's future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.