Prime City One Announces Change in Directors and Officers

/NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES./

TORONTO, July 30, 2015 /CNW/ - Prime City One Capital Corp. (NEX: PMO.H) ( the "Company") has accepted the resignations of three directors and officers namely, John Lorenzo, R.J. Stapell and Anton Ayoub and appointed three new directors and officers. 

Following the resignations of the foregoing officers and directors, the following individuals have been appointed as directors and officers of the Company: Vishy Karamadam, President, Chief Executive Officer and a director; Gerry Goldberg, director; Stephen Dulmage, director.  The following are brief biographies of the incoming directors and officers.

Vishy Karamadam serves as Executive Vice-President of Gravitas Financial Inc. and has over 18 years of management experience in areas ranging from Investment Research, Corporate Finance, Management Consulting and Retail Banking Strategy. He holds a Bachelor in Technology Degree in Electronics & Communication Engineering, Masters in Management Studies (Finance) from University of Mumbai, India and an M.B.A. from McGill University.

Gerry Goldberg is a Chartered Accountant and is a Senior Partner in the accounting firm of Schwartz Levitsky Feldman LLP, in Toronto, and prior thereto, he was a partner in the predecessor firm of Grant Thornton for over 10 years. Gerry Goldberg has over 30 years' public accounting experience and heads the U.S. Public Company audit division of the firm and has industry expertise in the service, distribution, retail, real estate, "not-for-profit" entities and manufacturing industries with a strong emphasis in taxation and business advisory services. He is also active in corporate finance and development and was involved in the structure and design of numerous innovative financing instruments, tax shelters and syndications, both in Canada and the U.S. He is actively involved with the audit of various public Canadian, U.S., Chinese and other foreign companies listed in the U.S. and Canada. He is or was a director and audit committee chair of a number of public, non-profit, educational and other institutions, organizations and companies.

Stephen Dulmage is a seasoned financial executive with over 40 years of experience. He has a B.A. from McMaster University and earned his C.P.A. (previously called a C.A.) with Price Waterhouse. For 19 years he was CFO and Director of RBC Dominion Securities, then Canada's largest investment dealer. Mr. Dulmage has been a Director and Audit Committee Chair of many public companies. He is currently the Audit Committee Chair of Mint Corporation (TSXV: MIT). 

Neither the TSX Venture Exchange (nor the NEX) nor their 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.

SOURCE Prime City One Capital Corp.

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