Connexa Sports Welcomes Kirk P. Taylor, CPA to its Board of Directors

Rhea-AI Summary

Connexa Sports Technologies Inc. (NASDAQ: CNXA) has appointed Kirk P. Taylor as an independent director, enhancing its leadership team with a focus on growth strategies and integration of three recent acquisitions. Taylor, who has extensive experience in financial reporting and public markets, believes his expertise will aid Connexa in its transition as a public company. He joins other recent appointees, Rohit Krishnan and Gabriel Goldman, on the board. This leadership change is expected to strengthen Connexa's operational foundation as it seeks to capitalize on digital disruption in the sports industry.

Positive

• Kirk P. Taylor brings extensive experience in M&A and financial reporting.
• His appointment supports Connexa's integration of three acquisitions.
• Expected to strengthen leadership and operational strategy as a public company.

Negative

• Concerns about continuity in leadership due to recent changes.
• Need for a new CFO may indicate potential instability in financial management.

Current CFO at American Resources Corporation (NASDAQ: AREC) brings wealth of public markets experience

BALTIMORE, Aug. 16, 2022 (GLOBE NEWSWIRE) -- Connexa Sports Technologies Inc. (NASDAQ: CNXA) (www.connexasports.com), a leading AI-driven connected sports company delivering products, technologies and services, is pleased to announce the appointment of Kirk P. Taylor as an independent director to its Board of Directors. Mr. Taylor, joining Rohit Krishnan and Gabriel Goldman as recent independent appointments to the new Connexa Sports Board. Mr. Taylor has been serving on the Board of Directors since June 15th.

Mr. Taylor is an experienced financial leader and public accountant with significant M&A, financial reporting and capital markets experience.

“Kirk brings a wealth of relevant experience which will benefit Connexa as we integrate our three acquisitions over the past year and move forward with implementing our growth strategy,” said Connexa Sports CEO Mike Ballardie. “His particular experience in the public markets and with regards to roll-ups is exactly what we need and want right now, and he is a terrific complement to the experience and skills brought to the Board by our other recently appointed Directors.”

“I am thrilled to join the Connexa Sports board and help guide the Company as it builds a new, cohesive high-tech leader in the sports and entertainment industry,” said Kirk Taylor. “With three acquisitions over the past year and a search for a new CFO, I believe my experience in entity and deal structuring, financial reporting and operating within highly regulated industries can help Connexa take the next step forward as a public company.”

Kirk P. Taylor biography:

Kirk has over 18 years of accounting & auditing work at various national public accounting firms focused on tax advantaged business structuring. He serves as the Chief Financial Officer of American Resources Corporation (NASDAQ: AREC) and President and Chief Financial Officer of American Acquisition Opportunity Inc (NASDAQ: AMAO). While integrating three acquisitions in twelve months, Kirk has implemented a robust and scalable accounting and financial backbone, and has built a finance, accounting and purchasing staff that is streamlined with checks and balances to ensure cost controls. Kirk is a graduate of Kelley School of Business at Indiana University with Bachelor degrees in Accounting and Finance and his Master of Business Administration from the University of Saint Francis, Fort Wayne.

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About Connexa Sports Technologies:

Connexa Sports a leading connected sports company delivering products, technologies, and services across the ‘Watch, Play, Learn’ commercial and subscription-as-a-service activities in sports. Digital disruption is restructuring how sports are enjoyed, consumed, and monetized, and Connexa Sports is well positioned to capitalize on this with its portfolio of brands: Slinger, PlaySight Interactive, Gameface.AI and Foundation Tennis.

With over one million users across its platform, Connexa’s mission is to reimagine sports.

Contact Information:

investors@connexasports.com

(443) 407-7564

www.connexasports.com

Forward-Looking Statements

This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995 that are based on management’s beliefs and assumptions and on information currently available to management. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by forward-looking statements. Forward-looking statements in this press release may include statements about our plans to obtain funding for our current and proposed operations and potential acquisition and expansion efforts; the ultimate impact of the COVID-19 pandemic, or any other health epidemic, on our business, our clientele or the global economy as a whole; debt obligations of the Company; our general history of operating losses; our ability to compete with companies producing products and services; the scope of protection we are able to establish and maintain Tags for intellectual property rights covering our products and technology; the accuracy of our estimates regarding expenses, future revenue, capital requirements and needs for additional financing; our ability to develop and maintain our corporate infrastructure, including our internal controls; our ability to develop innovative new products; and our financial performance. In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain and investors are cautioned not to unduly rely upon these statements. We qualify all of our forward-looking statements by these cautionary statements. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

FAQ

What is the significance of Kirk P. Taylor's appointment at Connexa Sports Technologies?

Kirk P. Taylor's appointment is significant as he brings valuable M&A and financial reporting experience that can aid Connexa in integrating its recent acquisitions and executing its growth strategy.

How will Kirk P. Taylor's experience impact Connexa's future?

Taylor's experience in public markets and financial structuring is expected to enhance Connexa's operational strategy and assist in transitioning effectively as a public company.

What challenges does Connexa Sports face following the board changes?

Connexa may face challenges related to continuity in leadership and the urgency to appoint a new CFO, which could affect financial management during this transition.