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Empire achieves ranking in 2020 TSX Venture 50

TORONTO, Feb. 20, 2020 (GLOBE NEWSWIRE) -- Empire Industries Ltd. (TSX-V: “EIL”, “Empire” or the “Company”) is pleased to announce it has achieved a ranking in the 2020 TSX Venture 50. Empire ranked 5th among the top 10 winners in the Diversified Industries sector.

The Venture 50™ ranking is comprised of 10 companies from each of five industry sectors, based on three equally weighted criteria: market capitalization growth, share price appreciation, and trading volume amount. Overall there are 1,666 companies listed on the TSX Venture Exchange.

“It means a lot to be a Venture 50™ winner,” said Guy Nelson, Executive Chairman and Chief Executive Officer of Empire. “We have been very active in telling the market the pivot we’ve taken towards becoming one of the biggest and most innovative ride manufacturers in the world. Being a Venture 50™ winner will give us a platform to communicate that message even more effectively.”

About Empire Industries Ltd.
Empire focuses on designing, supplying, and installing iconic media-based attractions and ride systems for the global theme park industry. Empire also uses these same turn-key integration services for special projects such as large optical telescopes and enclosures. Empire also has commenced an initiative to leverage its world class flying theater and attraction development capability on a co-venture ownership basis. Empire’s common shares are listed on the TSX Venture Exchange under the symbol EIL. 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: (416) 366-7977
Email: gnelson@empind.com

Allan Francis
Vice President – Corporate Affairs and Administration
Phone: (204) 589-9301
Email: afrancis@empind.com

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’’, “evaluating” ‘‘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’’. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although Empire believes these statements to be reasonable, no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. Actual results could differ materially from those anticipated in these forward-looking statements as a result of prevailing economic conditions, and other factors, many of which are beyond the control of Empire. The forward-looking statements contained in this news release represent Empire’s expectations as of the date hereof, and are subject to change after such date. Empire disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable securities regulations.

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.