IGNITE INTERNATIONAL BRANDS Announces the Appointment of Two New Directors

Rhea-AI Summary

IGNITE International Brands, Ltd. (CSE:BILZ, OTCQX:BILZF) has appointed Mr. Ralph Gilpin-Payne and Mr. Tom Bunker as independent, non-executive directors. They replace Ms. Vered Elkouby Nisim and Dr. Pradeep Albert, who resigned from the board effective immediately. Gilpin-Payne, the Operations Manager at the Greater Toronto Airport Authority, and Bunker, President and CEO of Middleast Airlease Limited, bring valuable managerial experience to IGNITE's leadership. The company focuses on premium consumer products, including CBD and vape products, and operates under a quality-first approach.

Positive

• Appointment of experienced directors may strengthen the board's oversight and strategic direction.
• Ralph Gilpin-Payne and Tom Bunker bring strong management backgrounds, which could enhance operational decision-making.

Negative

• Resignation of directors may raise concerns regarding continuity and stability in governance.

VAUGHAN, Ontario--(BUSINESS WIRE)-- IGNITE International Brands, Ltd. (CSE:BILZ, OTCQX: BILZF) (“IGNITE” or the “Company”), is pleased to announce today the appointment of Mr. Ralph Gilpin-Payne and Mr. Tom Bunker, as independent, non-executive directors, to Ignite’s board of directors. Mr. Gilpin-Payne and Mr. Bunker have been appointed to replace Ms. Vered Elkouby Nisim and Dr. Pradeep Albert following their resignations from the Company’s board of directors, effective today.

Mr. Ralph Gilpin-Payne has extensive managerial experience and is currently the Operations Manager at the Greater Toronto Airport Authority. Mr. Gilpin-Payne also served as adjunct professor at Seneca College teaching Airline Operations and Aviation Management. Mr. Bunker is President and CEO of Middleast Airlease Limited and brings over 30 years of management and investment experience to the IGNITE board. IGNITE would like to thank Ms. Nisim and Dr. Albert for their invaluable service to the Company.

About IGNITE

IGNITE is a global consumer brand, operating in the premium product segment of the market. Founded by Dan Bilzerian, the Company’s ‘quality‐first’ approach is fundamental to the brand and its products. IGNITE product categories now include CBD products, nicotine and synthetic nicotine vape products, premium performance drinks named ZRO, spirits featuring a premium vodka, tequila and apparel.

Shares of IGNITE are listed on the Canadian Securities Exchange (CSE) under the symbol “BILZ” and quoted in the United States on the OTCQX under the symbol “BILZF”.

Further information on IGNITE can be found on the Company’s website at ignite.co.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220628006079/en/

For further information, please contact:

Paul A. Holden, General Counsel

Tel: 416-407-1795

Email: paul.holden@ignite.co

Source: IGNITE International Brands, Ltd.

FAQ

What recent changes occurred in IGNITE International Brands' board of directors on CSE:BILZ?

Mr. Ralph Gilpin-Payne and Mr. Tom Bunker were appointed as independent, non-executive directors, replacing Ms. Vered Elkouby Nisim and Dr. Pradeep Albert.

Who are the newly appointed directors of IGNITE International Brands?

The new directors are Ralph Gilpin-Payne, Operations Manager at the Greater Toronto Airport Authority, and Tom Bunker, President and CEO of Middleast Airlease Limited.

What potential impacts do the new board appointments have on IGNITE International Brands?

The new appointments may bring fresh perspectives and strengthen the company's leadership, improving strategic decision-making.

When did the changes in IGNITE's board of directors take effect?

The changes took effect immediately after the resignations of the previous directors.