April 23, 2013 09:00 ET
Advanced Explorations Inc. Provides Corporate Update
TORONTO, ONTARIO--(Marketwired - April 23, 2013) - Advanced Explorations Inc. (the "Company" or "AEI") (TSX VENTURE:AXI)(FRANKFURT:AE6) today announced that President & CEO John Gingerich will be taking a temporary leave of absence for medical reasons. He is expected to be on leave for a period of up to four months. During this time, John will stay involved in the direction of the Company and will maintain all responsibilities as Director of the Company to the extent practical. In the interim, current AEI Director James Excell will serve as the Acting Chairman of the Board, and Bernie Swarbrick, current VP Capital Projects, will serve as Acting President during John's absence. Additionally, to provide a seamless presence in China, AEI Director Eric Guo will take on a more active role assisting AEI with the management of its extensive Chinese business relationships.
John Gingerich commented:
"It is in my best interest and that of AEI that I take this time to focus on my health while James, Bernie, and the rest of our executive team continue to execute our strategy. I have always been proud of the Team we have assembled and have full faith in their abilities. Those Team members who have been working closely with me on AEI's key initiatives are very capable, and the depth of experience they bring to their roles is a significant asset to the Company. I am committed to actively engaging in the business as my health permits and plan to return to the role of President as soon as practical."