TORONTO, March 10, 2015 (GLOBE NEWSWIRE) -- Epcylon Technologies, Inc. (OTCQB:PRFC) ("Epcylon" or the "Company"), announces the resignation of its CEO and board director, Peter George, effective March 4, 2015. Mr. George is leaving the company for personal reasons and other commitments.
Mr. George continues to be a significant investor in Epcylon through his share holdings, and will be retaining his shares for the long-term. "I have full faith and confidence as an Epcylon investor, and in the new management team to lead the company's strategic initiatives on its growth path," says Mr. George.
Todd Halpern, Chair of the Epcylon Board, "We wish Peter all the best in his future endeavours, both personally and professionally."
In replacing Mr. George, Jack J. Bensimon has been appointed as Interim CEO. Mr. Bensimon is not new to Epcylon as his risk management consulting firm, Black Swan Diagnostics Inc., was retained to assist with various strategic initiatives as part of the company's future growth.
Mr. Bensimon has worked in the securities industry for over 20 years, including trading, securities valuation, equity research, and extensive risk management and securities law experience. Having started his career in trading, he has developed an acute appreciation for trading tools that provide a competitive edge, "You only need a small competitive advantage in trading to generate significant profits. Epcylon has created that edge through proprietary artificial intelligence that is difficult to replicate," says Mr. Bensimon.
Mr. Bensimon is a graduate of the University of Toronto, Faculty of Law, Master of Laws (LL.M. – Business Law), and Osgoode Hall Law School, York University, (LL.M. – Securities Law). He is also a graduate of The Wharton School, University of Pennsylvania, in a specialized investment management program. He completed his undergraduate degree in honors Math/Economics at the University of Toronto.
More information on our company, our products and our services can be found at the web address listed below.
Chair, Board of Directors
About Epcylon Technologies, Inc.
Epcylon Technologies, Inc. leverages proprietary software platforms to enable accurate and profitable transactions in global financial markets. The wholly owned "Stealth Analytics" suite of products is involved in the chart-free trading of real time proprietary algorithmic trading systems, signals and alerts under its own brand of "Stealth", and combines these various applications and technologies with innovative white label financial solutions and products. Please visit us at www.epcylon.com
You should not place undue reliance on forward-looking statements in this press release. This press release contains forward-looking statements that involve risks and uncertainties. Words such as "will," "anticipates," "believes," "plans," "goal," "expects," "future," "intends," and similar expressions are used to identify these forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including the risks we face as described in this press release. For further information about Epcylon Technologies Inc., please refer to its website at http://www.epcylon.com
CONTACT: Media Relations Epcylon Technologies, Inc. 34 King Street East Suite 1010 Toronto, ON Canada M5C 2X8 Phone +1-416-479-0880Source:Epcylon Technologies, Inc.