01/10/2018 | Press release | Distributed by Public on 01/10/2018 16:19
FRANKLIN, IN (January 10, 2018) - 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 James P. Taylor to the position of Interim Chief Financial Officer, effective Monday, January 15, 2018. Mr. Taylor replaces David Anderson, who has resigned as IBC's Chief Financial Officer ('CFO'). IBC thanks Mr. Anderson for his contributions to the Company and wishes him the best in his future endeavors.
It is anticipated that Mr. Taylor will serve in this position until a permanent CFO is appointed by the Company. Currently, Mr. Taylor serves as CFO of Hampson Equities Ltd. From 2013-2017, Mr. Taylor served as CFO of Para Resources Inc. (TSX-V:PBR). Prior to that, he served as CFO for Cyber Development Group International, LLC, an early stage business in the Internet Infrastructure space. Mr. Taylor achievements include responsibility for the Initial Public Offering of PEER 1 Network Enterprises Inc., where he managed several equity and debt financings as well as a major recapitalization. The company's revenue grew from approximately $1 million to over $70 million during his tenure with the company. Mr. Taylor graduated from Indiana University with a B.S. in Finance and Accounting and earned his MBA in International Business and Corporate Finance from DePaul University.
On Behalf of the Board of Directors:
Duncan Heinz, President, CEO and Director
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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'.
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