Empire Industries Announces Voting Results from AGM, Changes to Board and Committees Composition - Seite 2

Board Committee Appointments

After the meeting, the Board of Directors made the following Committee appointments:

• Audit Committee: Terry Quinn (Chair), Guy Nelson, Guy Dietrich.
• Corporate Governance Committee: Robert Marshall (Chair), Terry Quinn, Guy Dietrich
• Health Safety Community Environment Committee: Terry Quinn (Chair), Robert Marshall
  

Stock Option Grants

After the meeting, the Board of Directors granted under its stock option plan, incentive stock options to its new director Guy Dietrich, for the purchase up to 500,000 common shares. The incentive stock options have an exercise price of $0.34, and will vest over 3 years. The options will expire November 25, 2025 and are subject to TSX Venture Exchange approval.

About Empire Industries Ltd.
Empire focuses on designing, supplying, and installing premium theme park, media-based attractions and ride systems for the global entertainment industry. Empire also uses these same turn-key integration services for special projects such as large optical telescopes and enclosures. Through Empire’s execution of its strategy over the years, Empire owns several non-entertainment investments, such as its equity holding in Tornado Global Hydrovacs Ltd. Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL.

For more information about the Company, visit empind.com or contact:

Guy Nelson Chief Executive Officer Phone: [phone] Email: [e-mail]

Allan Francis Vice President – Corporate Affairs and Administration Phone: [phone] Email: [e-mail]

Reader Advisory
This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Empire’s business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or similar expressions. These forward-looking statements are based on current expectations and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on such forward‐looking statements. Forward-looking information is provided as of the date of this press release, and Empire assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.

Neither the 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.