Matrix Asset Management Inc. Announces Management Changes at Its Subsidiary Growth Works Capital Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 10, 2014) - Matrix Asset Management Inc. ("Matrix") announces that David Levi will retire as President and CEO of its subsidiary Growth Works Capital Ltd. ("GWC"). Mr. Levi will become Executive Chairman of GWC and will continue to be President and CEO of Matrix. Christopher Morris will become President and CEO of GWC. Mr. Morris is the principal of R.C. Morris & Company Special Opportunities Debt Fund II LP, a lender to GWC, and President of R.C. Morris & Company Ltd., a turnaround and restructuring firm based in Vancouver.

"This change in my role has been anticipated for some time, and will allow me to focus on developing and implementing Matrix's strategic review," said David Levi.

"I am looking forward to continuing to work with David, and am excited about GWC's future prospects. Through the funds it manages, GWC will continue to play a key role in the growth of the technology sector across Canada," said Mr. Morris.