FRANKLIN, Ind., June 10, 2019 (GLOBE NEWSWIRE) — IBC Advanced Alloys Corp. (TSX-V:IB; OTCQB:IAALF) (“IBC” or the “Company”) a leading beryllium and copper advanced alloys company, is pleased to announce the appointment of Toni Wendel to the position of Chief Financial Officer (“CFO”) and Corporate Secretary, effective immediately.
Ms. Wendel has served as IBC’s Corporate Controller since December of 2018, and replaces James Taylor, who has served as IBC’s Interim CFO since January of 2018. Mr. Taylor will continue to provide IBC with services on a consulting basis over a transition period.
Before serving as IBC’s Corporate Controller, Ms. Wendel served as Chief Financial Officer and Corporate Treasurer for North American operations for PMG Corp., a joint venture of the powder metal divisions of Plansee and Mitsubishi Materials Global. Prior to that, she spent 15 years in various positions overseeing the finance activities of Diamet Corporation, a privately held, 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 Toni’s promotion to the position of Chief Financial Officer,” said IBC’s Chairman of the Board, Mark A. Smith. “The Board and I have been very impressed with Toni’s extensive experience in financial management and her deep commitment to IBC’s future success. She will be able to hit the ground running with this new position, and we are always pleased to be able to promote from within for leadership positions at IBC.”
On Behalf of the Board of Directors:
“Mark A Smith”
Mark A. Smith, Chairman of the Board
@IBCAdvanced $IB $IAALF
About IBC Advanced Alloys Corp.
IBC is a leading beryllium and copper advanced alloys company serving a variety of industries such as defense, aerospace, automotive, telecommunications, precision manufacturing, and others. IBC’s Copper Division manufactures and distributes a variety of copper alloys as castings and forgings, including beryllium copper, chrome copper, and aluminum bronze. IBC’s Engineered Materials Division makes the Beralcast® family of alloys, which can be precision cast and are used in an increasing number of defense, aerospace, and other systems, including the F-35 Joint Strike Fighter. IBC’s has production facilities in Indiana, Massachusetts, Pennsylvania, and Missouri. The Company’s common shares are traded on the TSX Venture Exchange under the symbol “IB” and the OTCQB under the symbol “IAALF”.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release. Neither 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.
Certain information contained in this news release may be forward-looking information or forward-looking statements as defined under applicable securities laws. Forward-looking information and forward-looking statements are often, but not always identified by the use of words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “will”, “may” and “should” and similar expressions or words suggesting future outcomes. This news release includes forward-looking information and statements pertaining to, among other things, the continued service of Mr. Taylor on a consulting basis over a transition period. Forward-looking statements involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company’s control including: the impact of general economic conditions in the areas in which the Company or its customers operate, including the semiconductor manufacturing and oil and gas industries, risks associated with manufacturing activities, changes in laws and regulations including the adoption of new environmental laws and regulations and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, limited availability of raw materials, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. As a result of these risks and uncertainties, the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements. All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances.
Please see “Risks Factors” in our Annual Information Form available under the Company’s profile at www.sedar.com, for information on the risks and uncertainties associated with our business. Readers should not place undue reliance on forward looking information and statements, which speak only as of the date made. The forward-looking information and statements contained in this release represent our expectations as of the date of this release. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information or statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws.