People Corporation
TSX VENTURE : PEO

People Corporation

March 05, 2012 09:00 ET

People Corporation Expands Its Management Team

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 5, 2012) - People Corporation (TSX VENTURE:PEO) (the "Company") continues to attract top leadership talent to its organization and announces two senior appointments. Jim Edmands joins People Corporation as Regional Vice President for the Ontario Region and Karen Milani as Vice President, Talent & Organization Development, People First HR Services (a wholly owned subsidiary of the Company).

Prior to joining the Company, Mr. Edmands held the position of Vice President of Sales and Marketing with the Hamilton Tiger-Cats Football Club. Mr. Edmands also spent 10 years with London Life as an Employee Benefits sales and product expert, in a sales and management capacity. Mr. Edmands earned a Bachelor of Science degree with a major in Business Management and Finance from Cornell University.

"We are pleased to have Jim Edmands join our leadership team. He brings a wealth of experience in group benefits, sales leadership and management. We look forward to the positive impact Mr. Edmands will have on our consultants, our partners and our clients," said Bonnie Chwartacki, Executive Vice President of People Corporation. Ms. Chwartacki went on to say, "The addition of Mr. Edmands to our organization represents one more important step in the building of our leadership team throughout Canada."

Prior to joining the People First HR Services, Karen was Vice President of Human Resources at The North West Company; a publicly traded food and general merchandise retailer with over 7,200 employees, and held progressively responsible roles with the City of Winnipeg. Karen is a Certified Human Resource Professional and has her MBA from the University of Manitoba.

"The addition of Karen Milani allows People First to continue its plan on being the premier HR Provider in its marketplace. With the creation of this new division, People First HR Services is able to provide an enhanced suite of services to our clients," said Mr. Laurie Goldberg, Chief Executive Officer of the Company. "In her new role as Vice President, Talent & Organization Development, Ms. Milani will focus on expanding delivery of projects in organizational development, governance and strategic planning."

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.

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