People Corporation
TSX VENTURE : PEO

People Corporation

October 28, 2013 08:30 ET

People Corporation Expands its Benefit Consulting Team

TORONTO, ONTARIO--(Marketwired - Oct. 28, 2013) - People Corporation (the "Company") (TSX VENTURE:PEO) announces the expansion of its Benefit Consulting team through the appointments of Mr. Ian Carpick, Mr. Don Hiltz, Mr. Patrick Malloy, Mr. Jean-Francois Roy and Mr. Ryan Warner.

"The recent addition of five new Benefit Consultants in our Québec, Ontario, Manitoba, and Saskatchewan regions demonstrates the Company's commitment to building the leading group benefit, group retirement and HR consulting firm in Canada," said Ms. Bonnie Chwartacki, Executive Vice-President. "We are proud to have these best-in-class Benefit Consultants join the People Corporation team."

Manitoba & Saskatchewan

Ian Carpick

With proven experience in the employee benefits industry, Mr. Carpick will support Manitoba and Saskatchewan-based clients. Prior to joining People Corporation, he was an advisor working with a Winnipeg-based advisory firm and prior to that as an Account Executive for the Selectpac division of Great West Life. Mr. Carpick is a Certified Financial Planner (CFP®), holds a Group Benefits Associate (GBA) designation and holds a Bachelor's Degree in Economics from the University of Manitoba.

Southwestern Ontario & Greater Toronto Area

Don Hiltz

Mr. Hiltz has joined the Company in the capacity of Benefit Consultant with Bencom Financial Services Group Inc., a People Corporation company, supporting Southern Ontario-based clients. Mr. Hiltz comes with over 18 years of experience in the employee benefits industry. He began his career as a Benefit Analyst on the consulting side prior to 16 years with the Unum / UnumProvident / RBC Insurance organization. Within RBC Insurance he held progressive leadership positions as a Group Sales Representative, Group Regional Director and the Regional Vice-President of Group Sales Operations. Mr. Hiltz holds a Bachelor of Commerce Degree from Dalhousie University.

Ryan Warner

Mr. Warner has joined the Company in the capacity of Benefits Consultant with Bencom Financial Services Group Inc., a People Corporation company, serving our South-western Ontario based clients. Prior to joining the Company, Mr. Warner successfully operated an independent practice in the Waterloo area, focused in the areas of Group Benefits Consulting, Group Retirement Solutions and Individual Insurance Planning. Mr. Warner previously held multiple positions in the Group Retirement Services Division with Sun Life Financial.

Patrick Malloy

Mr. Malloy has joined the Company in the capacity of Benefit Consultant and will support clients in the GTA with HealthSource Plus and The Investment Guild, a People Corporation company. He previously worked for a Third Party Administrator, starting out as a New Business Representative, from which he held progressive roles supporting both the sales and service functions. Mr. Malloy has a Bachelor of Business Administration from Laurentian University and a Marketing Diploma from St. Lawrence College. He completed the CEBS Canadian Primer Course, Advocis Life, and recently passed his LLQP.

Québec

Jean-Francois Roy

Mr. Roy brings strong group benefit industry knowledge to People Corporation gained from seven years in the Group Insurance division and Claims and Major Accounts groups at Sun Life Financial. He will use his particular knowledge of plan design to support HealthSource Plus clients in the Montreal and Québec regions. Mr. Roy holds a Bachelor of Commerce degree from Concordia 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.

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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