People Corporation

TSX VENTURE : PEO


People Corporation

November 19, 2012 09:00 ET

People Corporation Expands its Corporate Development Team

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 19, 2012) - People Corporation (TSX VENTURE:PEO) ("People" or the "Company") announced today that Mr. Paul Asmundson recently joined People Corporation as Vice President, Corporate Development. In this role, Mr. Asmundson will be an integral part of the Corporate Development team responsible for executing on the company's aggressive growth plan, which includes acquisitions as well as expansion of the company's existing business through a range of organic growth opportunities.

"Given how well our value proposition has been received by potential partners, the momentum we are displaying with our recent acquisitions, and the scale and scope of the opportunity in our sector, we believe that further investment in our Corporate Development function at this time is warranted," explained Laurie Goldberg, Chairman and Chief Executive Officer of People Corporation. "Mr. Asmundson has extensive experience in mergers and acquisitions and other corporate development activities, having spent 14 years in the Canadian investment banking sector in progressively senior roles."

Most recently, Mr. Asmundson was a senior member of the investment banking department at TD Securities, where he focused on merger and acquisition and financing activities for a range of Canadian companies. Mr. Asmundson earned a Bachelor of Commerce (Honours) degree from the University of Manitoba, where he was awarded the University Gold Medal, and holds a Master of Business Administration degree from the Richard Ivey School of Business, where he attained standing as an Ivey Scholar.

About People Corporation

People Corporation is a leading employee benefits, group retirement and human resource consulting firm in Canada. With a growing national footprint and fifteen offices across seven provinces, the Company is bringing together the leading consultants in the industry, offering innovative and customized human resource, 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 consultants 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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