MagIndustries chief financial officer Swinoga resigns

2009-07-03 14:44 ET - News Release

Mr. William Burton reports

MAGINDUSTRIES CORP. ANNOUNCES RESIGNATION OF CHIEF FINANCIAL OFFICER

Jeff Swinoga, MagIndustries Corp.'s chief financial officer, has resigned his position to pursue a new opportunity. Mr. Swinoga's resignation is effective on July 17, 2009. Will C. Burton, the corporation's controller, will act as the corporation's interim chief financial officer until the corporation identifies a replacement chief financial officer. Mr. Burton will also report to Vic Wells, chairman of the corporation's audit committee.

The corporation thanks Mr. Swinoga for his contribution to the success and growth of the corporation, and wishes him well in his future endeavours.

We seek Safe Harbor.