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FRANKLIN, Ind., June 10, 2019 (GLOBE NEWSWIRE) – IBC Advanced Alloys Corp. (TSX-V: IB; OTCQB: IAALF) ("IBC" or the "Business") a leading group of advanced beryllium and copper alloys, is pleased to announce the appointment of Toni Wendel as Chief Financial Officer ("CFO") and Secretary General, in force immediately.
Ms. Wendel has been the Controller of IBC since December 2018 and replaces James Taylor, who has been acting Chief Financial Officer of IBC since January 2018. Taylor will continue to provide services to IBC as a consultant for a period of time. transition period.
Prior to joining IBC, Ms. Wendel served as Chief Financial Officer and Treasurer of North American Operations for PMG Corp., a joint venture of Plansee and Mitsubishi Materials Global's powder metallurgy divisions. . Previously, she held various positions for 15 years, overseeing the financial activities of Diamet Corporation, a wholly-owned subsidiary of Mitsubishi Materials. Ms. Wendel received her B.A. and M.B.A from Indiana Wesleyan University.
"I am very pleased to announce the appointment of Toni as Chief Financial Officer," said IBC Chairman Mark A. Smith. "The Board of Directors and I were very impressed by Toni's extensive financial management experience and his deep commitment to IBC's future success. She will be able to take the lead with this new position and we are always pleased to be able to promote from within management positions to IBC. "
On behalf of the Board of Directors:
"Mark A Smith"
Mark A. Smith, Chair of the Board of Directors
Contact:
Mark A. Smith, Chair of the Board of Directors
Jim Sims, Investor Relations and Public Relations
IBC Advanced Alloys Corp.
+1 (303) 503-6203
Email: [email protected]
Website: www.ibcadvancedalloys.com
@IBCAdvanced $ IB $ IAALF
About IBC Advanced Alloys Corp.
IBC is a leading company in the field of advanced beryllium and copper alloys serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing and others. IBC's copper division manufactures and distributes various copper alloys in the form of cast and forged parts, including beryllium copper, chrome-plated copper and aluminum bronze. The IBC Engineering Materials division manufactures the family of Beralcast® alloys, which can be precision cast and which is used in a growing number of aerospace, defense and other systems, including the F-35 Joint Strike Fighter. IBC's own production facilities in Indiana, Mbadachusetts, Pennsylvania and Missouri. The common shares of the Company trade on the TSX Venture Exchange under the symbol "IB" and on the OTCQB under the symbol "IAALF".
CAUTION
The TSX Venture Exchange has not reviewed and accepts no responsibility for the adequacy of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts any responsibility for the adequacy or accuracy of this document. communicated.
Certain information in this press release may be forward-looking information or forward-looking statements within the meaning of applicable securities laws. Forward-looking information and forward-looking statements are often, but not always, identified by terms such as "expect", "anticipate", "believe", "expect", "may", "estimate", " objective "," intention "," plan "," research "," will "," may "and" should "and similar expressions or words suggesting future results. This press release contains forward-looking information and statements regarding, among other things, the continuation of Mr. Taylor's service as a consultant during a transition period. Forward-looking statements involve known and unknown uncertainties and risks, some of which are beyond the control of the Company, including: the impact of general economic conditions in the segments in which the Company or its customers operate, including semiconductor manufacturing and the oil and gas industries, risks badociated with manufacturing activities, changes in legislation and regulations, including the enactment of new environmental laws and regulations, changes in their interpretation and their application, increased competition, lack of qualified staff or personnel, limited availability of raw materials, fluctuations in commodity prices, exchange or interest rates, volatility in the stock markets and the lack of equities. And obtaining the required regulatory approvals. Because of these risks and uncertainties, the future results, performance or achievements of the Company may differ materially from those expressed in these forward-looking statements. All statements in this news release that relate to activities, events or developments that the Company expects, anticipates or anticipates to occur or may occur in the future are forward-looking statements. These statements are based on badumptions made by the Company based on its experience, perception of historical trends, current circumstances, expected future developments and other factors that it believes are appropriate in the circumstances. .
Please refer to the "Risk Factors" section of our Annual Information Form, available under the Company's profile at www.sedar.com, for information on risks and uncertainties related to our business. Readers should not place undue reliance on forward-looking information and statements, which are only valid on the date indicated. The information and forward-looking statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or obligation to update or revise any forward-looking information or statements, whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.
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