Exchange Income Corporation Appoints New Independent Director

WINNIPEG, Nov. 10, 2011 /CNW/ - Exchange Income Corporation (TSX:  EIF) (the "Corporation"), announced the appointment of Ms. Serena Kraayeveld,  B.Comm (Hons), FCA, ICD.D,  as an independent director of the company effective today.

"We are very fortunate that Serena has joined our board of directors given her strong business acumen and experience with large business transactions," said Gary Filmon, Chairman of Exchange Income Corporation.  "Serena's appointment will enable Exchange to benefit from her knowledge and experience, especially in matters of governance, taxation, and corporate transactions, and in the further the development of our corporate strategy."

Ms. Kraayeveld was previously the managing partner of the Winnipeg office of PricewaterhouseCoopers LLP and prior to that was the partner in charge of the Winnipeg tax group. In those capacities, she had extensive experience in providing tax and business advisory services to both public and private clients in a broad range of industries.

Ms. Kraayeveld is currently a director of CAA Manitoba and Niakwa Country Club. She previously served as a council member of the Institute of Chartered Accountants of Manitoba and was a governor of the Canadian Tax Foundation. In addition, she served as the chair of the Tomorrow Fund of the United Way of Winnipeg and was a board member of the YMCA YWCA of Winnipeg, Ducks Unlimited Canada, the Manitoba Theatre Centre and the United Way of Winnipeg.

About Exchange Income Corporation

Exchange Income Corporation is a diversified acquisition-oriented company, focused on opportunities in the industrial products and transportation sectors which are ideally suited for public markets except for their size. The strategy of the Corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets in Canada and/or the United States.

The Corporation is currently operating in two niche business segments: aviation and specialty manufacturing. The aviation segment consists of the operations by Perimeter Aviation, Keewatin Air, Calm Air International and Bearskin Lake Air Service and the specialty manufacturing segment consists of the operations by Jasper Tank, Overlanders Manufacturing, Water Blast Manufacturing, Stainless Fabrication and WesTower Communications.  For more information on Exchange Income Corporation, please visit www.exchangeincomecorp.ca.

Additional information relating to the Corporation, including all public filings, is available on SEDAR (www.sedar.com).

SOURCE Exchange Income Corporation

For further information:

Mike Pyle
President and CEO
Exchange Income Corporation
(204) 982-1850
mpyle@eig.ca
                  Joe Racanelli
Investor Relations
TMX Equicom
Phone: (416) 815-0700 Ext. 243
jracanelli@equicomgroup.com

 


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