Exchange Income Corporation Announces Change of Auditor

WINNIPEG, March 27, 2013 /CNW/ - Exchange Income Corporation (TSX: EIF) (the "Corporation") announced today that its former auditor, Deloitte LLP ("Deloitte"), has resigned as auditor effective May 14, 2013 at the request of the Corporation and PricewaterhouseCoopers LLP ("PWC") will be appointed as the successor auditor effective the same day. In accordance with National Instrument 51-102, the Corporation has filed a Change of Auditor Notice on SEDAR, together with letters from Deloitte and PWC, each confirming that it is in agreement with the statements contained in the notice, as applicable. There were no reportable events (as defined in National Instrument 51-102) between Deloitte and the Corporation.

About Exchange Income Corporation
The Corporation is a diversified acquisition-oriented company, focused on opportunities in the industrial products and transportation sectors which are ideally suited for public markets except for their size. The strategy of the Corporation is to invest in profitable, well-established companies with strong cash flows operating in niche markets in Canada and/or the United States.

The Corporation is currently operating in two niche business segments: aviation and specialty manufacturing. The aviation segment consists of the operations by Perimeter Aviation, Keewatin Air, Calm Air International, Bearskin Lake Air Service, and Custom Helicopters, and the specialty manufacturing segment consists of the operations by Jasper Tank, Overlanders Manufacturing, Water Blast Manufacturing, Stainless Fabrication and WesTower Communications. For more information on the Corporation, please visit www.ExchangeIncomeCorp.ca.

Additional information relating to the Corporation, including all public filings, is available on SEDAR.

SOURCE: Exchange Income Corporation

Mike Pyle
President & CEO
Exchange Income Corporation
Phone: [phone]
[email protected]

Joe Racanelli
Investor Relations
The Equicom Group Inc. 
Phone: [phone] Ext. 243
[email protected]