WINNIPEG, MANITOBA--(Marketwire - May 14, 2012) - Empire Industries Ltd. (TSX VENTURE:EIL) today announced that Micheal Martin, CA, has been promoted to the position of Chief Financial Officer, effective immediately. Mr. Martin has been with Empire since 2010, in the positions of Corporate Controller and Director of Finance.
"I am delighted to be able to make this promotion from within the company ranks," said Guy Nelson, Chief Executive Officer of Empire. "Michael's enhanced responsibilities are a reflection of our confidence in the skills he has consistently demonstrated since he joined the company."
Mr. Martin is a Chartered Accountant with 10 years of accounting and finance experience. After several years of audit experience with Ernst & Young, he has held progressively senior financial roles in industry, including corporate controller roles at Epic Production Technologies and Empire Industries.
Mr. Nelson added: "This appointment enables Campbell McIntyre, who has been doing double duty as CFO of Empire since 2010, to focus full time on his role as President of our wholly-owned subsidiary, Empire Iron Works. At the same time, Campbell's continuing role as a senior executive and director will allow for a smooth transition of the CFO duties."
About Empire Industries Ltd.
Empire Industries Ltd. manufactures specialized engineered products and sells these products domestically and in select international export markets. The company has developed, designed and engineered products for the global attractions market that provide an enhanced consumer experience. The company also provides steel fabrication & installation services, primarily to the industrial, commercial and infrastructure market in Western Canada. The company also has two key strategic equity partnerships; a 49% ownership of ACE Industrial Services that operates in the oil sands industrial maintenance services market, and a 45% ownership of a Chinese joint venture company in the steel fabrication market in Asia. Empire's common shares are listed on the TSX Venture Exchange under the symbol EIL.
This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Empire's business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Empire assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.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 release.