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Re: News Releases - Friday, November 14, 2008
International Beryllium Corporation Appoints Denis Brady to the
Board of Directors
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For Immediate Release: November 14, 2008
VANCOUVER, BC - International Beryllium Corporation (TSX-V:IB) ("IB" or
the "Company") is pleased to announce that Mr. Denis Brady has been
appointed as a non-executive director of International Beryllium
Corporation. Mr. Brady brings manufacturing operating experience to
the board as the Company expands its production capacity and, as
someone with recognized financial expertise, will chair the audit
committee.
Until its recent acquisition by IB, Mr. Brady was the President, CEO
and majority shareholder of Nonferrous Products, Inc., a profitable and
growing Indiana based beryllium metalworking and specialty alloy
processing company. Mr. Brady acquired Nonferrous in the early 1990s
and delivered consistent annual revenue growth while also modernizing
the plant and product offerings and expanding the market both in North
America and overseas.
Mr. Brady is also the principal owner of an aerospace forge
manufacturing complex Mattco Forge, Inc., located in Paramount,
California. Mattco employs 55 people and serves the global aircraft
engine market with aluminum, inconel and titanium rings and components.
Its largest customers include Pratt & Whitney, Honeywell, Rolls Royce
and General Electric.
"We are extremely happy to welcome Denis to the International Beryllium
team at this exciting stage in our company's growth", stated Anthony
Dutton, President and CEO of IB. "His deep understanding of the global
beryllium business combined with his hands on experience at both
Nonferrous and Mattco will be an invaluable asset to IB as we expand
our operations and evaluate additional strategic opportunities for
growth."
"I am delighted to be joining the board of IB and look forward to
providing assistance and guidance wherever I can," said Mr. Brady.
"International Beryllium's core focus of vertical integration within
the global beryllium and special alloys market is exactly the right
strategy, and while I was under no obligation to sell Nonferrous, I am
very excited to be joining this initiative, both as a director and
shareholder."
Prior to purchasing Nonferrous and Mattco in the 1990s, Mr. Brady was
the CFO, and on the Board of Directors, of a NYSE-listed mining and
manufacturing company. Earlier in his career, he was the Vice President
and Treasurer of The Hertz Corporation and has held other senior
banking and financial positions. He has an MBA from Columbia
University and a BA from Fordham University.
International Beryllium Corporation is a global manufacturing,
exploration and development company focused on beryllium, beryllium
oxides and beryllium master alloys. Beryllium and related alloys are
used in a broad range of specialized industrial applications such as
nuclear power, defence, electronics and automotive. International
Beryllium's common shares are traded on the TSX-V under the symbol IB.
International Beryllium Corporation
Anthony Dutton, Chief Executive Officer
(604) 685-6263 ext 111
Email: adutton@internationalberyllium.com
Website: www.internationalberyllium.com
This news release was prepared by management of IB, which takes full
responsibility for its contents. The TSX Venture Exchange has not
reviewed and does not accept responsibility for the adequacy of this
news release.
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Copyright (c) 2008 INTERNATIONAL BERYLLIUM CORPORATION (IB) All rights
reserved. For more information visit our website at
http://www.internationalberyllium.com/ or send
mailto:ba@primarycapital.net
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