VANCOUVER, BC — February 27th, 2009 – International Beryllium Corporation (TSX-V: IB) (“IBC”) is pleased to announce that, effective March 2nd, 2009, the Company will officially change its name from International Beryllium Corporation to IBC Advanced Alloys Corp. In conjunction with the name change the Company’s new internet address will be www.ibcadvancedalloys.com in recognition of the IBC brand.
The Company’s board of directors unanimously approved the name change to reflect the Company’s increasing focus on downstream manufacturing and distribution activities as demonstrated by the recent important and strategic acquisitions of Freedom Alloys and Nonferrous Products. At the same time, the board required that IBC remain an integral part of the new name to reflect the historical beryllium connection and to underscore the continued importance of the Company’s mineral assets and its mine to market corporate strategy.
“We believe the name change is appropriate and timely as it highlights advanced alloys as being the Company’s key revenue drivers and also promotes the IBC brand across the organization and into the market,” said Anthony Dutton, IBC’s President and CEO. “The Company’s core focus will continue to be consolidating beryllium and beryllium related opportunities across the industry,” continued Dutton, “but to also widen our net to include complementary advanced alloys and intermediate products in order to better serve our growing customer base and to enhance shareholder value.”
About IBC Advanced Alloys Corp.
IBC Advanced Alloys Corp. is a world wide manufacturer and supplier of advanced alloys and other intermediate products with a focus on beryllium related alloys as well as non-ferrous alloys for a broad range of industrial applications including nuclear power, oil and gas, defense, electronics and automotive. The Company also owns significant beryllium mineral and exploration assets in Utah, Colorado and Brazil. IBC Advanced Alloys shares are traded on the TSX Venture Exchange under the symbol IB.
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.
To view all past news releases go here.