WINNIPEG, June 16, 2010 � Empire Industries Ltd. (TSX-V: EIL) held its Annual Shareholders Meeting today. A copy of the Company�s presentation is now available to download.
At the meeting, two new independent directors were elected to the Board:
Ian MacDonald is the Managing Director of Tricapital Management Limited, a boutique merchant bank that raises capital for mid-sized private and public companies. A Chartered Accountant, Mr. MacDonald is a strong strategic thinker with a solid track record of driving profitability in mid-sized companies.
Terry Quinn is the Principal at Quinn Consulting, a mergers and acquisitions consulting practise focusing on industrial service and construction businesses in the western Canada oil and gas basin.
These new independent directors replace Joe Robertson and Peter Kozicz, who did not stand for re-election to the Board. As independent directors, Mr. MacDonald and Mr. Quinn will join Bruce Jackson, who was appointed as an independent director on May 3, 2010, and Robert Marshall, who has been an independent director of Empire since November 30, 2007.
�We are very happy to have Ian and Terry join the board,� said Guy Nelson, Chief Executive Officer of Empire. �Their skills and experience will be invaluable to the company in our drive to return to profitability and growth.�