WINNIPEG, MANITOBA -- (Marketwire) -- 02/04/13 -- Empire Industries Ltd. (TSX VENTURE: EIL) announced today that Bruce Rintoul, P.Eng., MBA, has joined the company as Chief Operating Officer of its Empire Iron Works Ltd. subsidiary, effective immediately.
"I am delighted to have a person of Bruce's background and stature join our Company," said Guy Nelson, Chief Executive Officer of Empire Industries. "Bruce's skills and experience will be invaluable to us as we integrate and operationalize our international growth strategy and make our fabrication and manufacturing operations globally competitive."
Mr. Rintoul is a professional engineer with more than 30 years of experience in the engineering and construction markets. Most recently, he was President and Chief Executive Officer of CEDA International Corporation, a North American based industrial infrastructure contractor consisting of several subsidiary companies operating through 30 branch locations. Mr. Rintoul will be responsible for Empire Iron Works' fabrication and manufacturing operations in Vancouver, Edmonton, Stettler and Winnipeg. He will also spearhead the execution of Empire's goal to increase its fabricated steel imports to Canada from its Chinese joint venture through its steel fabrication operations in Alberta.
Mr. Nelson added: "This appointment strengthens the operational depth of our senior management team. Bruce's addition to the team will allow us to focus on maximizing our operational opportunities without sacrificing the attention to strategic issues in our fast-changing markets. I am looking forward to working closely with Bruce as we drive the company's strategy forward."
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 rapidly growing, global, media based attractions market. 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.
For more information about the Company, visit www.empind.com.
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.
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