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People Corporation Announces Changes to its Board of Directors

Mar 4 2013 12:00AM

Marketwire

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TORONTO, ONTARIO -- (Marketwire) -- 03/04/13 -- People Corporation (TSX VENTURE: PEO) (the "Company") announces that Ms. Susan Dabarno has resigned her position as Director of the Company. Ms. Dabarno's resignation is due to the potential for conflict of interest resulting from her recent appointment as Director of Manulife Financial Corporation, a leading Canada-based financial services group.

"While we are disappointed about Sue's departure, we remain thankful for the contribution she has made to People Corporation during a period of significant growth," said Laurie Goldberg, Chairman and CEO. "Sue's recent appointment speaks to the high caliber of thought leadership she has brought to our organization."

The Company would like to extend its thanks to Ms. Dabarno for her service to People Corporation.

The Board of Directors is currently conducting a formal search for a new Director.

About People Corporation

People Corporation helps organizations prosper by enabling their employees to grow and succeed at every stage of their career. Our experts carefully design employee services that work for our clients' staff and business. These services include:

-- Employee Benefits Consulting-- Third Party Administration Services-- Pension Consulting Services-- HR Consulting Services-- Executive and Staff Recruiting Services-- Career Transition and Career Management Services



Founded in 2006, People Corporation is a leading consolidator of group benefits, group retirement and human resource services in Canada. No matter where our clients are located, they can benefit from a national partner delivering local service. We have offices across the country, each backed by a team of experts and the resources of a national company that is traded on the TSX-V. Our diverse team of over 200 experienced benefit consultants, employees and professionals have industry-specific expertise and can provide your business with uniquely valuable insight as they customize our innovative suite of services for your organization.

Whatever your sector, whatever your scale, putting our expertise and proven track record to work will make a difference to your people and your bottom line.

Further 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.



Contacts:
Investor Relations Inquiries: People Corporation
Brevan Canning
(204) 295-8860
brevan.canning@peoplecorporation.com
www.peoplecorporation.com





Source: Marketwire


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