People Corporation

People Corporation

March 03, 2014 08:30 ET

People Corporation Continues to Expand Its Leadership Team

TORONTO, ONTARIO--(Marketwired - March 3, 2014) - People Corporation (the "Company") (TSX VENTURE:PEO) announces that Domenic Monopoli has joined the Company's subsidiary HealthSource Plus Inc. ("HSP") as Director of Consulting Services. In this role, Mr. Monopoli will have overall responsibility for the HSP's benefit consulting team by providing strategic leadership and direction to its Ontario and Manitoba based consultants. In addition, he will be responsible for executing on one of the firms key strategic initiatives to increase its consulting presence across Canada.

"We are pleased that Domenic has joined our team," said Ms. Bonnie Chwartacki, Executive Vice President. "The creation of the Director of Consulting Services role demonstrates our continuing commitment to our third party administration platform at HSP. Domenic will be able to leverage his extensive experience and passion to be involved in a client-centric organization to ensure we have a team of consultants who are able to provide best-in-class consulting solutions for our clients."

Mr. Monopoli has had an extensive career within the employee benefits industry having had 19 years as a Senior Account Executive with RBC Insurance/Unum. Mr. Monopoli was instrumental in the development of strategic marketing and operational directives through national and regional sales programs. He was the prime interface and advisor to key level brokers and clients, managing all aspects of their insurance needs and had been strongly focused on building and maintaining excellent client service relationships. Throughout his career, Mr. Monopoli has consistently been a top ranked group representative in Canada receiving many sales and leadership awards. Prior to joining RBC, Domenic worked at Barclays Bank. Mr. Monopoli has a BA in Mathematics/Commerce from York University.

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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