CyberCatch Appoints Capital Markets Expert Shawn Balaghi as Director and Officer

Rhea-AI Summary

CyberCatch Holdings announces the appointment of Shawn Balaghi to its board of directors and as Vice President of Finance. Balaghi brings over 25 years of experience in corporate finance and capital markets, having held various executive roles in multiple industries. Currently, he serves as a CEO and board member for several publicly traded companies. CyberCatch CEO Sai Huda expressed enthusiasm for Balaghi's expertise in attracting investment capital to enhance the company's AI-enabled cybersecurity platform. Balaghi aims to leverage his extensive experience to drive substantial growth at CyberCatch amid increasing global cybersecurity threats.

Positive

• Appointment of Shawn Balaghi, a capital markets expert with 25+ years of experience.
• Balaghi's extensive background can help attract investment capital.
• Potential for advancing and enhancing CyberCatch's AI-enabled cybersecurity solutions.
• Balaghi's current roles in other publicly traded companies could foster valuable industry connections.

Negative

• Potential risks associated with transitions in executive leadership.

Vancouver, British Columbia and San Diego, California--(Newsfile Corp. - July 1, 2024) - CyberCatch Holdings, Inc. (TSXV: CYBE) ("CyberCatch'' or the "Company"), an innovative cybersecurity company offering an AI-enabled platform solution for continuous compliance and cyber risk mitigation, is pleased to announce the appointment of Mr. Shawn Balaghi to the board of directors and to serve as the Vice President of Finance.

Mr. Balaghi brings over 25 years of experience as a board member to CyberCatch. He has served as CEO, CFO, VP corporate finance and capital markets, and as head of investor relations with numerous private and publicly traded companies in a variety of industries. Currently, Mr. Balaghi serves as board member and CEO at several publicly traded companies listed on CBOE, CSE, and TSXV.

"We are excited for Shawn to join our team at CyberCatch and bring his capital markets and management experience, along with helping CyberCatch attract investment capital to continually advance and enhance our products and services to offer the most advanced and effective solutions to the ongoing cybersecurity threats that exists globally," said Sai Huda, CEO of CyberCatch.

"Cyberattacks and ransomware have become a major threat to governments, companies, and individuals globally and continue to cause significant financial and operations losses. I am so excited to be part of the CyberCatch team who are among the top cybersecurity experts in the world and help accelerate significant growth of the company," said Shawn Balaghi.

About CyberCatch
CyberCatch Holdings, Inc. (TSXV: CYBE) provides a proprietary, AI-enabled Software-as-a-Service (SaaS) solution that provides continuous compliance and cyber risk mitigation to organizations in critical segments, so they can be safe from cyber threats. The CyberCatch platform focuses on solving the root cause of why cyberattacks are successful: security holes from control deficiencies. It first helps implement all mandated and necessary controls, then the platform automatically and continuously tests the controls from three dimensions (outside-in, inside-out and social engineering) to find control failures so one can fix them promptly to stay compliant and safe from attackers. Learn more at: https://www.cybercatch.com.

Neither the 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.

For further information, please contact:

Investor Relations
Phone: 1-866-753-2923
Email: info@cybercatch.com

SOURCE CyberCatch

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214963

FAQ

Who is the new director and officer appointed by CyberCatch?

CyberCatch has appointed Shawn Balaghi as the new director and Vice President of Finance.

What experience does Shawn Balaghi bring to CyberCatch?

Shawn Balaghi brings over 25 years of experience in corporate finance and capital markets, having held roles such as CEO, CFO, and VP corporate finance.

How might Shawn Balaghi's appointment impact CyberCatch's growth?

Balaghi's expertise in capital markets is expected to attract investment capital, advancing CyberCatch's AI-enabled cybersecurity solutions and driving substantial company growth.

What is the significance of July 1, 2024, for CyberCatch?

July 1, 2024, marks the official date when Shawn Balaghi was appointed as the director and Vice President of Finance at CyberCatch.

What is CyberCatch's stock symbol?

CyberCatch's stock symbol is CYBHF.