Spetz Announces Leadership Transition for Growth

Rhea-AI Summary

Spetz Inc (CSE:SPTZ)(OTC:DBKSF) announced significant leadership changes on March 21, 2025. Yossi Nevo stepped down as CEO and Director but will continue as President of Spetz Tech subsidiary. Mitchell Demeter, a blockchain veteran and former President of Netcoins, has been appointed as the new CEO.

The company also welcomed two new board members: Mark Binns, CEO of Carrier Connect Data Solutions and former CEO of BIGG Digital Assets, and Spencer MacLean, a capital markets expert and Partner at Oro Capital Board members Ofir Friedman and On Freund have resigned.

Spetz operates as a multinational technology company focusing on AI-driven marketplaces and blockchain infrastructure, running the Spetz application and Sonic Strategy, a blockchain staking business.

Positive

• Appointment of experienced blockchain veteran Mitchell Demeter as CEO
• Addition of two seasoned board members with extensive capital markets and blockchain expertise
• Former CEO remains involved as subsidiary president, ensuring leadership continuity

Negative

• Multiple simultaneous leadership changes may create temporary organizational uncertainty
• Loss of two board members alongside CEO transition could impact short-term strategic execution

TORONTO, ON / ACCESS Newswire / March 21, 2025 / SPETZ INC. (the "Company" or "Spetz") (CSE:SPTZ)(OTC PINK:DBKSF) is pleased to announce key leadership changes and new appointments to its board of directors (the "Board").

Effective March 21, 2025, Yossi Nevo resigned from his position as CEO and a Director of the Company. Mr. Nevo will continue to act as President of the company's wholly owned subsidiary, Spetz Tech Ltd. The Company thanks Mr. Nevo for his leadership and looks forward to his continued contributions.

The Company is pleased to welcome Mitchell Demeter as its new CEO. Mr. Demeter is a blockchain veteran and former President of Netcoins, where he helped expand one of Canada's first regulated crypto trading platforms. He also co-founded one of Canada's first crypto exchanges, which was acquired in 2015, and launched the world's first Bitcoin ATM.

"I'm excited to take on this role and drive Spetz's next phase of growth," said Mr. Demeter. "With our strong foundation, we're well-positioned to expand our technology and market reach."

Spetz is also pleased to welcome Mark Binns and Spencer MacLean to the Board.

Mark Binns is a public company executive and blockchain industry veteran. He is the CEO of Carrier Connect Data Solutions and former CEO of BIGG Digital Assets. Mr. Binns has also held board positions at WonderFi (TSX:WNDR), and Sparx Technologies, bringing extensive experience in capital markets, investor relations, fintech, and corporate strategy.

Spencer MacLean has over a decade of experience in capital markets, specializing in investing, capital raising, M&A, and corporate structuring. As a former lawyer at a boutique firm in Vancouver, he remains a member of the Law Society of British Columbia and the Canadian Bar Association. Currently, Mr. MacLean is a Director at Bromac Resources Ltd., and a Partner at Oro Capital Ltd., where he focuses on high-growth investment opportunities. His combined expertise in law, finance, and business strategy makes Mr. MacLean a valuable addition to the Board.

"We're excited to welcome Mark and Spencer to the Board," said Mr. Demeter. "Their expertise will be instrumental as we scale our blockchain and AI-driven marketplace initiatives."

Spetz also announces that Ofir Friedman and On Freund have resigned from the Board. The Company thanks them for their valuable contributions and wishes them success in their future endeavors.

About Spetz Inc.

Spetz Inc. is a multinational technology company operating at the intersection of AI-driven marketplaces and blockchain infrastructure. The Company owns and operates the Spetz application, an AI-powered platform connecting consumers with service providers, as well as Sonic Strategy, a leading blockchain staking business.

Spetz Website: www.spetz.app

Spetz Investor information: https://investor.spetz.app/

Company Contacts:

Investor Relations		Nofar Shigani,CFO
Email: Investors@spetz.app		Email: nofar@spetz.app
Phone: 647-956-6033		Phone: +972 526238108

NEITHER THE CANADIAN SECURITIES EXCHANGE, NOR THEIR REGULATION SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Note Regarding Forward-looking Statements

Certain information herein constitutes "forward-looking information" as defined under Canadian securities laws, which reflect management's expectations regarding objectives, plans, goals, strategies, future growth, results of operations, performance, business prospects and opportunities of the Company. The words "plans", "expects", "does not expect", "scheduled", "estimates", "intends", "anticipates", "does not anticipate", "projects", "believes", or variations of such words and phrases or statements to the effect that certain actions, events or results "may", "will", "could", "would", "might", "occur", "be achieved", or "continue" and similar expressions identify forward-looking statements. Such forward- looking statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations.

Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management as of the date hereof, are inherently subject to significant business, economic and competitive uncertainties and contingencies. When relying on forward-looking statements to make decisions, the Company cautions readers not to place undue reliance on these statements, as forward-looking statements involve significant risks and uncertainties and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not the times at or by which such performance or results will be achieved. A number of factors could cause actual results to differ, possibly materially, from the results discussed in the forward-looking statements.

Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; future legislative and regulatory developments in the blockchain sector; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of Spetz to implement its business strategies; competition; and other assumptions, risks and uncertainties. The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws. The foregoing statements expressly qualify any forward- looking information contained herein.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, and shall not constitute an offer, solicitation or sale in any state, province, territory or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state, province, territory or jurisdiction. None of the securities issued in the Offering will be registered under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act.

We seek Safe Harbor.

SOURCE: Spetz Inc.

View the original press release on ACCESS Newswire

FAQ

Who is the new CEO of Spetz (DBKSF) and what is his background?

Mitchell Demeter, a blockchain veteran and former President of Netcoins, is the new CEO. He co-founded one of Canada's first crypto exchanges and launched the world's first Bitcoin ATM.

What changes were made to Spetz's (DBKSF) board of directors in March 2025?

Mark Binns and Spencer MacLean joined the board, while Ofir Friedman and On Freund resigned. The former CEO Yossi Nevo also stepped down from the board.

What is Spetz's (DBKSF) current business focus?

Spetz operates at the intersection of AI-driven marketplaces and blockchain infrastructure, running the Spetz application and Sonic Strategy, a blockchain staking business.

What role will former CEO Yossi Nevo maintain at Spetz (DBKSF)?

Yossi Nevo will continue to serve as President of Spetz Tech , the company's wholly owned subsidiary.