TORONTO, Oct. 13 /CNW/ - Exco Technologies Limited (TSX-XTC) today announced that Rick McGraw has been appointed Chairman of the Board of Exco effective October 12, 2006. Mr. McGraw has been a director since 1992 and has extensive knowledge of Exco's business. Mr. McGraw replaces Mr. Hofmann who has been Chairman since 2001 and who will remain a board member until his retirement at the end of his term in January, 2007. Exco also announced the appointment of Peter van Schaik as a director effective October 12, 2006. Peter is the CEO and majority owner of Van-Rob, a successful manufacturer of small and medium metal stampings and structural assemblies servicing the automotive industry from plants in Ontario, USA and Mexico. Peter's appointment fills a vacancy created by the resignation of Brian Steck from the Board in June of this year. The Board wishes to acknowledge Mr. Steck's contribution to Exco and thank him for his numerous years of service. Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 13 strategic locations, we employ 1,900 people and service a diverse and broad customer base. (for further information regarding Exco refer to Management Discussion and Analysis, Financial Statements, and Notes posted at 'Sedar.com') This news release may contain forward-looking information and forward-looking statements within the meaning of applicable securities laws. We use words such as "anticipate", "plan", "may", "will", "should", "expect", "believe", "estimate" and similar expressions to identify forward-looking information and statements. Such forward-looking information and statements are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe to be relevant and appropriate in the circumstances. Readers are cautioned not to place undue reliance on forward-looking information and statements, as there can be no assurance that the assumptions, plans, intentions or expectations upon which such statements are based will occur. Forward-looking information and statements are subject to known and unknown risks, uncertainties, assumptions and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed, implied or anticipated by such information and statements. These risks, uncertainties and assumptions include, among other things: industry cyclicality; global economic conditions, causing decreases in automobile production volumes and demand for capital goods; changing demand for specific models or products; price reduction pressures; pressure to absorb certain fixed costs; dependence on major customers and changes in such customers' financial capabilities; technological changes; compliance with various laws; obtaining necessary permits and consents; fluctuations in currency exchange and interest rates; employee work stoppages; dependence on key employees; the competitive nature of the automotive and capital goods industries, including competition with suppliers operating in low cost countries; product supply and demand; the conduct of business in foreign countries; and other risks, uncertainties and assumptions as described in the Company's Management's Discussion and Analysis included in our 2005 Annual Report, in our 2005 Annual Information Form and, from time to time, in other reports and filings made by the Company with securities regulatory authorities. While the Company believes that the expectations expressed by such forward-looking information and statements are reasonable, there can be no assurance that such expectations and assumptions will prove to be correct. In evaluating forward-looking information and statements, readers should carefully consider the various factors which could cause actual results or events to differ materially from those indicated in the forward-looking information and statements. Readers are cautioned that the foregoing list of important factors is not exhaustive. Furthermore, the Company disclaims any obligations to update publicly or otherwise revise any such factors or any of the forward-looking information or statements contained herein to reflect subsequent information, events or developments, changes in risk factors or otherwise.