Axis Technologies Group, Inc. Announces Pink Current Information Status With OTC Markets, Appointment of New Management Team

Rhea-AI Summary

Axis Technologies Group, Inc. (AXTG) has filed necessary paperwork to achieve Pink Current Information status with OTC Markets. The company has appointed William Tien as its new President and CEO, who brings nearly 30 years of experience in finance and technology. Tien aims to transition AXTG into a blockchain innovation development holding company focused on decentralized finance software platforms. Additionally, Caren Currier takes on the role of Chief Financial Officer while Doreen Sim and Gerard McKeon join as Vice Presidents of Operations and Media, respectively.

Positive

• Appointment of William Tien as CEO could bring innovative strategies to AXTG.
• Achieving Pink Current Information status may enhance investor confidence.

Negative

• None.

NEW YORK, NY / ACCESSWIRE / May 26, 2021 / Axis Technologies Group, Inc. (OTC:AXTG) ("AXTG" or the "Company") is pleased to announce that it has updated and filed all of the necessary paperwork and disclosure filings with the OTC Markets in order to achieve Pink Current Information status.

AXTG Website

The Company is also pleased to announce that Caren Currier, the Company's Interim President and CEO has been appointed to serve as the Company's Chief Financial Offer and the Company has appointed Mr. William Tien to serve as the Company's Director, President and CEO.

William Tien is a finance industry veteran, an inventor and a business visionary leader. He has close to 30 years of managing and starting businesses in the finance and technology industries and for last 18 years he has held corporate directorships in numerous publicly listed companies. In the 1990s, he was also one of early inventors who created the mobile wallet, hard-coded into a mobile device.

"I am very excited about the recent appointment as President and CEO of AXTG," comments Mr. Tien. "My intention is for AXTG to be a blockchain innovation development holding company to both acquire and develop a decentralized finance software platform utilizing blockchain innovation development, software and hardware and for the generation and accumulation of digital assets," further comments Mr. Tien.

In addition to Mr. Tien's appointment as President and CEO, the Company has also appointed Doreen Sim as Vice President of Operations and Gerard McKeon as Vice President of Media.

Safe Harbor Statement

This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets, and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company assumes no duty to update its forward-looking statements.

CONTACT:
Axis Technologies Group, Inc.
William Tien
ceo@axtg.us

SOURCE: AXTG Management

View source version on accesswire.com:
https://www.accesswire.com/649154/Axis-Technologies-Group-Inc-Announces-Pink-Current-Information-Status-With-OTC-Markets-Appointment-of-New-Management-Team

FAQ

What is the significance of AXTG achieving Pink Current Information status?

Achieving Pink Current Information status indicates that AXTG is meeting all necessary reporting requirements, which can boost investor confidence and increase trading visibility.

Who is William Tien and what is his role at AXTG?

William Tien is the newly appointed President and CEO of AXTG, bringing extensive experience in finance and technology to lead the company’s strategic direction.

How might the new management team impact AXTG's future?

The new management team, led by William Tien, aims to focus on blockchain innovation and decentralized finance, potentially positioning AXTG for growth and development in emerging markets.

What are the future plans for AXTG under the new leadership?

Under new leadership, AXTG plans to become a blockchain innovation development firm, focusing on acquiring and developing decentralized finance software platforms.