A2Z Smart Technologies Appoints Additional Director to Comply with NASDAQ Listing Requirements

Rhea-AI Summary

A2Z Smart Technologies Corp (OTCQB:AAZZF) has appointed Yonatan de Jongh to its board of directors to meet NASDAQ listing requirements. His experience includes serving as a senior manager at DraftKings, focusing on revenues and billing, and previous roles at Kenshoo and Ernst & Young. This appointment is effective immediately and reflects the company's commitment to compliance and governance. A2Z aims to strengthen its leadership team amidst ongoing operational developments.

Positive

• Appointment of Yonatan de Jongh enhances governance and compliance with NASDAQ listing requirements.
• De Jongh brings expertise in revenue management and financial operations from reputable organizations like DraftKings and Ernst & Young.

Negative

• None.

TEL AVIV, ISRAEL / ACCESSWIRE / February 19, 2021 / A2Z Smart Technologies Corp. ("A2Z" or the "Company") (TSXV:AZ)(OTCQB:AAZZF), an innovative technology company specializing in state-of-the-art automation and electronics technology, is pleased to announce the appointment of Mr. Yonatan de Jongh to the board of directors of the Company in order to comply with NASDAQ listing requirements (see our news announcement dated December 16, 2020). The nomination of Mr. De Jongh is effective immediately.

Mr. De Jongh currently serves as a senior manager for Revenues and Billing at DraftKings, a Sports Betting Solutions & iGaming Platform where he was responsible for the billing cycle, revenue recognition, revenue analysis as well tax reporting.

Prior to that he held the position of Billing Operation and Revenue senior analyst at Kenshoo, a global leader in agile marketing where he was responsible for the billing cycle and compliance with regulatory requirements.

Mr. De Jongh began hs career Ernst & Young (Israel) where he worked for six years and gained experience in auditing public and private industrial, retail and holding companies, real estate companies and non-profit organizations many of which implement IFRS.

Disclaimer: The TSX Venture Exchange Inc. has in no way passed upon the merits of the Company has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors - including the availability of funds, the results of financing efforts, the results of exploration activities -- that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States or elsewhere. These securities have not been, and will not be, registered in the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

SOURCE: A2Z Smart Technologies Corp.

View source version on accesswire.com:
https://www.accesswire.com/630722/A2Z-Smart-Technologies-Appoints-Additional-Director-to-Comply-with-NASDAQ-Listing-Requirements

FAQ

What is the significance of Yonatan de Jongh's appointment to A2Z Smart Technologies?

Yonatan de Jongh's appointment is significant as it helps A2Z comply with NASDAQ listing requirements, ensuring the company meets necessary governance standards.

What experience does Yonatan de Jongh bring to A2Z Smart Technologies?

He has extensive experience in revenue management and billing from positions at DraftKings and Kenshoo, along with a background in auditing from Ernst & Young.

When was Yonatan de Jongh appointed to the board of A2Z Smart Technologies?

Yonatan de Jongh was appointed to the board effective immediately as of February 19, 2021.

How does the appointment of a new director affect A2Z Smart Technologies' stock?

The appointment of a new director, particularly one with relevant industry experience, can positively influence investor confidence and potentially impact stock performance.

What are the potential impacts of A2Z Smart Technologies' compliance with NASDAQ requirements?

Compliance with NASDAQ requirements can enhance the company's credibility, attract more investors, and improve stock liquidity.