People Corporation

People Corporation

March 25, 2013 08:30 ET

People Corporation Continues to Expand its Benefit Consulting Team

TORONTO, ONTARIO--(Marketwire - March 25, 2013) - People Corporation (TSX VENTURE:PEO) (the "Company") announces that Jason Ovsenny has been promoted to the role of Senior Benefit Consultant. In this role, Mr. Ovsenny will be responsible to advise new and existing clients about the Company's unique and expanding product offerings.

"We are pleased to be able to add Jason's technical skills and client focused attention to detail to our Consulting team in the Toronto region," said Ms. Bonnie Chwartacki, Executive Vice President. "Jason has filled a very important role in the growth of our company and we are very pleased to see him taking on this new challenge as we move into the next phase of our organization's growth."

Mr. Ovsenny brings over 16 Years of industry experience to this role. Prior to joining the Company's subsidiary HealthSource Plus Inc. in 2004, he worked in an underwriting capacity with two of Canada's large national carriers. While at HealthSource Plus, Mr. Ovsenny set up and built the Company's national underwriting department.

In conjunction with Mr. Ovsenny's promotion, the Company is pleased to announce the hiring of Mr. Yacine Bara, FSA, FCIA, as National Director of Underwriting. Mr. Bara is a fully-qualified actuary and comes to the Company with eight years' of industry experience, having previously held a variety of roles with a large national carrier. He brings with him broad-scope expertise in the areas of group-insurance plan design, administration, pricing and valuation.

As National Director of Underwriting, Mr. Bara will lead a team of Benefit Analysts who support the Company's Benefit Consultants, as well as its clients, in matters of group-insurance plan design and pricing. Additionally, he and the Benefit Analysts are responsible for working to maximize the mutual benefit to People Corporation's clients and strategic partners of their partnership with the Company.

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.

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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 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.

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