EGI announces CEO illness

TORONTO, May 6 /CNW/ - EGI Financial Holdings Inc. (TSX: EFH) today announced that Douglas McIntyre, its Chief Executive Officer, will be unable to attend its annual shareholders meeting. Mr. McIntyre is undergoing testing for a mild medical condition which arose in the last few days. The medical tests are intended to determine the cause and treatment of the condition. Further details will be announced when they are available. During Mr. McIntyre's temporary absence, Steve Dobronyi, the President and Chief Operating Officer of EGI, will carry out Mr. McIntyre's duties.

    
    About EGI Financial
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Founded in 1997, EGI Financial operates in the property and casualty insurance industry in Canada and the United States, primarily focusing on non-standard automobile insurance and other niche and specialty general insurance products. EGI Financial's common shares are traded on the Toronto Stock Exchange under the symbol EFH.

    
    Forward-looking Information
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This news release contains forward-looking information based on current expectations. This information includes, but is not limited to, statements about the normal course issuer bid, operations, business, financial condition, priorities, targets, ongoing objectives, strategies and outlook of EGI Financial for 2009 and subsequent periods.

This information is based upon certain material factors or assumptions that were applied in drawing a conclusion or making a projection as reflected in the forward-looking information. By its nature, this information is subject to inherent risks and uncertainties that may be general or specific. A variety of material factors, many of which are beyond EGI Financial's control, affect the operations, performance and results of EGI Financial and its business, and could cause actual results to differ materially from the expectations expressed in any of this forward-looking information.

EGI Financial does not undertake to update any forward-looking information, except as required by law. Additional information about the risks and uncertainties about EGI Financial's business is provided in its disclosure materials, including its annual information form, filed with the securities regulatory authorities in Canada, available at www.sedar.com.

SOURCE Echelon Financial Holdings Inc.

For further information: For further information: Steve Dobronyi, President and Chief Operating Officer, EGI Financial Holdings Inc., Telephone: (905) 214-7880


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