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Matrix Announced Today the Retirement of Four of its Directors

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/13/14 -- Matrix Asset Management Inc. (the "Company" or "Matrix") announced today the retirement of four of its long-serving directors. The directors have been involved for many years including with the predecessor companies of Matrix. These directors have wanted to retire from the board for some time but remained involved over the past year to ensure the completion of the financial and corporate restructuring of the Company, complete the annual audit and begin the review of strategic options.

"I want to thank the directors; Lawrence Bell, Dale Parker, Stephen Rankin and John Shields for their commitment to the Company, especially during the difficult past year. They have been rigorous in carrying out their responsibilities. Their vision and broad financial experience has been core to our successful restructuring" explained Mr. Levi President & CEO of Matrix.

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