C. William Longden and David I. Matheson Join the Board
VANCOUVER - Crystallex International Corporation (KRY on T.S.E. and Amex) announced today that C. William Longden, of the engineering consulting, planning and project management firm of Marshall, Macklin, Monaghan Limited, and David I. Matheson, Q.C., Partner in the law firm of Aird & Berlis, have joined its Board of Directors. This increases the size of the Crystallex Board to nine members.
C. William Longden is Senior Partner and Executive Vice President of Marshall, Macklin, Monaghan Limited, and has been with the firm since 1971. Drawing on his more than 30 years experience in project related consulting, Mr. Longden has led the firm's project development efforts since 1985. He also serves as President and Chief Executive Officer of MMM International Inc., which has projects in more than 20 countries. In addition, he is Board Chairman or a member of the Executive Committee of nine major project management and engineering joint ventures, representing a capital investment in excess of C$4.9 billion.
Mr. Longden has played a prominent role in some of Canada's largest private infrastructure projects and also has been involved with such international projects as Budapest's Ferihegy Airport redevelopment and other multi-national developments. He is currently leading MMM International's efforts in regard to Toronto's 2008 Olympic bid. Mr. Longden received his education from the Montreal Institute of Technology and the Montreal Design Institute.
Since 1992 David I. Matheson has been a Partner with Aird & Berlis, one of Canada's premier law firms specializing in corporate law. He became one of the firm's managing partners in 1993. Currently, he is Chairman of the Aird & Berlis Corporate Department and heads up its business development activities. Prior to 1992, he was senior partner and corporate department head with the law firm of McMillan Binch.
Mr. Matheson has extensive experience in the corporate, commercial, securities, international, government policy and tax law areas. His general corporate and commercial practice includes counseling on mergers and acquisitions, corporate governance and regulatory matters. He is on the Boards of several corporations and is a member of the Law Society of Upper Canada, Law Society of Nova Scotia, Canadian Bar Association, Canadian Council on International Law, International Bar Association, American Bar Association and the Canadian Tax Foundation. He is also Past Chairman of the Ontario Tax Section of the Canadian Bar Association and of the Tax Committee of the Ontario Chamber of Commerce. Mr. Matheson attended Dalhousie University where he received a Bachelor of Commerce degree in 1958 and his Bachelor of Law degree in 1961.
"We are extremely pleased to welcome these two high caliber men to our working Board of Directors," commented Crystallex's President and Chief Executive Officer, Marc J. Oppenheimer. "Both have extensive experience in international operations that will be of great value to Crystallex as our business becomes larger and more complex. I look forward to working with both of them toward achieving the growth and profitability objectives that the Board and management team have established for the Company."
Additionally, Crystallex announced today that Mitchell Klein has resigned from the Crystallex Board of Directors to pursue other business interests. Mr. Klein, a partner in the law firm of Goodman, Phillips & Vineberg, had been a member of the Board since 1997. "We appreciate the excellent contributions that Mr. Klein has made as a member of the Crystallex Board during the past several years," commented Mr. Oppenheimer. "We will miss his good counsel and we wish him well."
Crystallex International Corporation is a gold mining and exploration company. The Company's strategy for growth is to develop its portfolio of properties in South America as well as to diversify geographically by investing in producing or near production projects and by exploring properties of merit in other areas of the world.
On Behalf of the Board:
Marc J. Oppenheimer, President & CEO
Note:
This news release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Crystallex, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with The Toronto Stock Exchange, the United States Securities and Exchange Commission and other regulatory authorities.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
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