VANCOUVER, BC – January 26th, 2010 – IBC Advanced Alloys Corp. (TSX.V:IB) (“IBC” or the “Company”) announces that it has appointed Douglas Veitch as Vice President of Business Development. In this newly created position, Veitch will work closely with the Company’s sales and marketing departments to further expand and support IBC’s global growth initiatives.
Most recently, Veitch was Director of Global Bulk Products for Brush Wellman Inc. where he was responsible for new product development for the global industrial business division of Brush Wellman.
“Doug Veitch has a particularly strong track record both in saving clients money and in helping to grow a global business,” said Anthony Dutton, President and CEO of IBC. “His experience and excellent reputation will be a great asset to IBC’s growing international customer base and also to our company as we continue to develop and expand globally.”
Prior to working at Brush Wellman Veitch was a Senior Account Manager with E.I. DuPont de Nemours at their Engineering Polymers Division in Troy, Michigan where he attained Six Sigma Blackbelt status for top line growth. Before being promoted to DuPont USA, Veitch spent 13 years at DuPont Canada in a range of increasingly senior sales and customer focused positions. He has a B.Sc. Degree in Mechanical Engineering from the University of Alberta.
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 59 employees and is headquartered in Vancouver, Canada with production facilities in Pennsylvania, Indiana and Missouri. Additionally, IBC owns prospective beryllium properties in the Western US and Brazil 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”.
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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.
Legal Notice Regarding Forward Looking Statements
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 operations and mineral exploration, therefore the Company’s future results, performance or achievements could differ materially from those expressed in these forward-looking statements will transpire. 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.
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