People Corporation
TSX VENTURE : PEO

People Corporation

April 11, 2016 11:38 ET

People Corporation Announces Dennis Stewner to Join as CFO and COO

TORONTO, ONTARIO--(Marketwired - April 11, 2016) - People Corporation (TSX VENTURE:PEO) today announces that Dennis Stewner, CPA, CA will be appointed as the Company's Chief Financial Officer and Chief Operating Officer and that Keith McMahon will be stepping down as the current CFO and will pursue another opportunity. As a consequence of People Corporation's growth over the past year, combined with its overall strategic plan, the Company determined that it was important to expand the scope of the role to include increased operational responsibilities.

Dennis has over 20 years of financial and operational leadership experience primarily in the financial services industry. He brings expertise in financial and capital management, financial reporting and compliance and scaling of operations. Most recently, Dennis was the Senior Vice-President for National Bank Financial where he was responsible for the bank's Canadian full service brokerage business outside of Québec. Prior to that, he was the CFO and COO for Wellington West Holdings Inc.

"I am very pleased to welcome Dennis onto our leadership team at this point in our organization's history. We have achieved significant growth over the last number of years and our strategic initiatives call for this momentum to continue. Dennis' deep experience and leadership skills position us well to execute on the next stage of our growth", said Laurie Goldberg, Chairman and CEO of People Corporation. "Keith's contribution to our growth over the last year including acquisitions and the bought deal private placement financing has been much appreciated and we wish him well in his future endeavors."

About People Corporation

People Corporation is a national provider of group benefits, group retirement and human resource services. The Company has offices across Canada, each led by a team of experts and backed by the resources of a national company whose stock is traded on the TSX-V. The Company's industry experts provide uniquely valuable insight while customizing an innovative suite of services to the specific needs of its clients. Whatever your sector, whatever your scale, putting People Corporation's 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", "intends", "likely", 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 consultants and that 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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