People Corporation
TSX VENTURE : PEO

People Corporation

June 03, 2013 09:00 ET

People Corporation Achieves the 2013 PROFIT 500 Listing

PROFIT Magazine unveils 25th annual list of Canada's Fastest Growing Companies

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 3, 2013) - People Corporation (the "Company") has been recognized today as part of the 25th annual PROFIT 500, the definitive ranking of Canada's Fastest-Growing Companies by PROFIT Magazine. Published in the Summer issue of PROFIT Magazine and online at PROFITguide.com, the PROFIT 500 ranks Canadian businesses by their revenue growth over five years.

People Corporation, a leading provider of employee benefits, group retirement services and HR consulting services, offering innovative solutions to more than 2,500 corporate clients across Canada and listed on the TSX Venture exchange, made the PROFIT 500 list with five year-revenue growth of 606%.

"We are very honoured to be recognized with this achievement. It has always been our goal to be the brand that companies turn to for all of their group benefits, group retirement and HR consulting needs," says Chief Executive Officer, Laurie Goldberg. "Over the last number of years, we have made significant investments in developing innovative and customized products, services and solutions to bring to each client engagement. Delivering these through our best-in-class consulting teams across the country has resulted in a significant number of new client wins. We are well positioned to continue to deliver significant growth in the coming years."

Mr. Goldberg went on to say, "Our unwavering focus on what is best for our clients is at the heart of our success. We believe the Client Comes First."

"To celebrate the 25th anniversary of the Fastest-Growing Companies in Canada, the PROFIT 500 has expanded to recognize the entrepreneurial achievements of more than 500 Canadian companies," says Ian Portsmouth, Publisher and Editor-in-Chief of PROFIT Magazine. "PROFIT is proud to now showcase Canada's forward-thinking small business entrepreneurs and honour their talents and innovations."

With national servicing capabilities from over 200 professionals operating out of 27 offices and satellite offices in 7 provinces, People Corporation's revenue has grown 606% over the past 5 years. People Corporation's client-focused value proposition and its superior consulting teams have attracted over 500 new corporate clients to the Company in 2012 alone.

About PROFIT Magazine and PROFITguide.com

PROFIT: Your guide to Business Success is Canada's preeminent publication dedicated to the management issues and opportunities facing small and mid-sized businesses. For 31 years, Canadian entrepreneurs and senior managers across a vast array of economic sectors have remained loyal to PROFIT because it's a timely and reliable source of actionable information that helps them achieve business success and get the recognition they deserve for generating positive economic and social change. Visit PROFIT online at PROFITguide.com.

About People Corporation

People Corporation is a national provider of group benefits, group retirement and human resource services. We have offices across Canada, each led by a team of experts and backed by the resources of a national company that is traded on the TSX-V. Our industry experts provide uniquely valuable insight while customizing our innovative suite of services to the specific needs of our clients. Whatever your sector, whatever your scale, putting our expertise and proven track record to work will make a difference to your people and your bottom line.

Further information is available at www.peoplecorporation.com.

Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws, such as information concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. Use of words such as "may", "will", "expect", "believe", or other words of similar effect may indicate forward-looking information including the completion of the transaction, the impact of that transaction on our earnings and cash flow, and the anticipated benefits of the transaction. This information is not a guarantee of future performance and is subject to numerous risks and uncertainties, including those described in our publicly filed documents (which are available on SEDAR at www.sedar.com). Those risks and uncertainties include: our ability to maintain profitability and manage growth; strong competition from other advisors and changes in the current legislation could result in significant competition from the banking industry; failure of information systems and technology; dependence on key clients; seasonality of revenues and the resulting possible impairment on working capital; reliance on key professionals; additional financing may be required and may not be available under terms favourable to us; there can be no assurance that any suitable future acquisition will be available to us or that, if available, the terms of the acquisition will be favourable to us; and a change in general economic conditions. Many of these risks and uncertainties can affect our actual results and could cause our actual results to differ materially from those expressed or implied in any forward-looking information made by us or on our behalf. Given these risks and uncertainties, investors should not place undue reliance on forward looking information as a prediction of actual results. All forward-looking information in this news release is qualified by these cautionary statements. This information is made as of the date of this news release and, except as required by applicable law, we undertake no obligation to publicly update or revise any forward looking information, whether as a result of new information, future events or otherwise. Additionally, we undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, its financial or operating results or its securities.

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 press release.

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