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IBC Advanced Alloys Appoints Alastair Neill to the Board
VANCOUVER, BC – November 14th, 2011 – IBC Advanced Alloys Corp. (TSX-V: IB; OTCQX: IAALF) (“IBC” or the “Company”) appoints Alastair Neill as a director of the Company effective November 1st, 2011.
“I am excited to join the IBC board and ready to provide guidance and assistance,” said Mr. Neill. “IBC’s vertically integrated structure is ideally suited to take advantage of the many opportunities in the specialty alloys and critical metals market. I look forward,” continued Neill, “to strengthening IBC’s position, especially in Asia, where I believe there is excellent growth potential and strategic opportunities for new market development.”
Alastair Neill is former Vice President of Sales and General Manager of Rare Earth Division for AMR (Now Neo-Material Technologies). He brings over 15 years of direct Rare Earth Elements experience with downstream end-users in Korea, Japan, Europe and North America and with material suppliers in China. Mr. Neill is currently Executive Vice President of Dacha Strategic Metals and serves on the Advisory Board of Rare Earth Element World (REE World), an international organization dedicated to providing industry leadership in the rare earths, rare metals and critical metals sector.
“We are pleased to welcome Alastair Neill to the board to help guide the development of our upstream mineral projects as well as our downstream manufacturing and processing initiatives,” said Anthony Dutton, President and CEO of IBC Advanced Alloys. “Alastair is an acknowledged international rare earths and rare metals expert, and has an impressive history of business and technical expertise and success. We believe IBC will benefit tremendously,” continued Dutton, “from Alastair’s deep market knowledge and industry experience. We look forward to his guidance and leadership as IBC continues its growth and develops its business strategy in North America and abroad.”
Alastair Neill replaces Denis Brady on the board of directors. The Company thanks Mr. Brady for his service on the board and wishes him well with his future endeavours.
About IBC Advanced Alloys Corp.
IBC is an integrated manufacturer and distributor of rare metals (beryllium) based alloys and related products serving a variety of industries including nuclear energy, automotive, telecommunications and a range of industrial applications. IBC has 80 employees and is headquartered in Vancouver, Canada with production facilities in Indiana, Massachusetts, Pennsylvania and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US covering approximately 9,500 hectares. IBC is creating a dynamic global beryllium and advanced alloys company. IBC’s common shares are traded on the TSX Venture Exchange under the symbol “IB” and the OTCQX under the symbol “IAALF”.
IBC Advanced Alloys Corp.
Ian Tootill, Director of Corporate Communications
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Rubenstein Investor Relations
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This news release was prepared by management of IBC, which takes full responsibility for its contents. 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.
This disclosure contains certain forward-looking statements that 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 operates, industry conditions, 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, fluctuations in commodity prices, foreign exchange or interest rates, stock market volatility and obtaining required approvals of regulatory authorities. In addition there are risks and uncertainties associated with manufacturing activities therefore 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.