Exchange Income Corporation Announces Chief Financial Officer

WINNIPEG, Aug. 20, 2015 /CNW/ - Exchange Income Corporation (TSX:EIF) (the "Corporation," "EIC," or "Exchange"), a diversified, acquisition-oriented company focused on opportunities in the aviation and manufacturing sectors, announced today that its new Chief Financial Officer will be Ms. Tamara Schock.

Ms. Schock is a Partner at Deloitte LLP where she has worked for most of her nearly 20 year professional accounting career. She has extensive experience dealing with multi-national public companies in the financial services and manufacturing sectors. Her experience also includes providing acquisition advisory services to private equity firms and financial institutions. Ms. Schock will be joining the Corporation late in the third quarter or early in the fourth quarter of 2015.

Mr. Edward Mahood recently resigned as the Corporation's Chief Financial Officer and the position is currently being filled by Mr. David Patrick on an interim basis. Mr. Patrick was the Corporation's Assistant Vice President Finance and has worked under the Corporation's Chief Financial Officers since 2007.

"We are looking forward to the addition of Ms. Schock to our C-Suite, in particular with her bringing to the group all of her international experiences," said Mike Pyle, CEO of Exchange Income Corporation.

About Exchange Income Corporation
Exchange Income Corporation is a diversified acquisition-oriented company, focused in two sectors: aviation services and equipment, and manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth.

The Corporation currently operates two segments: Aviation and Manufacturing. The Aviation segment consists of the operations by Perimeter Aviation, Keewatin Air, Calm Air International, Bearskin Lake Air Service, Custom Helicopters, Regional One and Provincial Aerospace. The Manufacturing segment consists of the operations by Jasper Tank, Overlanders, Water Blast, Stainless Fabrication, WesTower Communications in Canada and Ben Machine. 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 (www.sedar.com).

SOURCE Exchange Income Corporation

Mike Pyle, Chief Executive Officer, Exchange Income Corporation, [phone], [email protected]; Joe Racanelli, Investor Relations, NATIONAL Equicom, [phone] Ext. 243, [email protected]