People Corporation
TSX VENTURE : PEO

November 21, 2011 09:00 ET

People Corporation (the "Company") Announces the Launch of Its Employee Share Ownership Plan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2011) - People Corporation (TSX VENTURE:PEO) announces the launch of the Employee Share Ownership Plan ("ESOP"). At the Company's 2011 Annual General Meeting, shareholders approved the adoption of the ESOP.

"This is another important milestone in the building of our organization and the execution of our strategy," said Laurie Goldberg, Chief Executive Officer. "Our Employee Share Ownership Plan allows all our employees to participate in the growth and success of our organization. At the same time, it delivers an additional value proposition to those people that choose to join our organization and have great careers. After all, we are in the people business, so we felt it was important to deliver what we believe in."

The ESOP provides employees with the opportunity to purchase shares through regular payroll deductions. The Company will purchase shares from the market through a third party administrator and will match the employee's purchase at a rate of one share for every four shares an employee purchases subject to a number of limitations.

"We believe this will be yet another competitive advantage in the marketplace for quality and high performing talent in our industry. Few companies in our space offer an ESOP or even have the ability to offer this type of program. With this ESOP, we are saying we want to attract, retain and incent the best people and this is the place to join if you want a long and prosperous career in Group Benefits, Group Retirement and HR Consulting in Canada," said Mr. Goldberg. "Further, this is good for clients as we know they care about having the best people on their service team, long term continuity of their service team and people who are committed to doing the best job they can for their client."

Mr. Goldberg went on to say, "From a shareholder perspective, we also believe this is good news. The ESOP program will facilitate improved company performance by way of additional talent attraction and retention, allow for broader share ownership, and improve the overall liquidity of the shares. We are excited about the program, and are proud we are in a position to provide this benefit to our employees."

About People Corporation

People Corporation is a leading employee benefits, group retirement, and HR consulting firm in Canada. With a growing national footprint of fourteen offices, People Corporation is bringing together the leading consultants in the industry, offering innovative and customized HR, benefit and pension solutions to its clients. Additional corporate 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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