NFT Tech Appoints Frank Guo as Chief Financial Officer

Rhea-AI Summary

NFT Technologies Inc. has appointed Frank Guo as the new CFO, effective immediately, replacing Inar Kamaletdinov. Guo brings over a decade of experience, including roles in M&A strategy and finance operations at Mantaro Capital Corp. and RBC Capital Markets. The CEO, Adam De Cata, expressed confidence that Guo's expertise will enhance the company's growth in the web3 space. The Board thanked Kamaletdinov for his leadership and noted his ongoing support during the transition.

Positive

• Appointment of Frank Guo as CFO expected to bring extensive finance experience to NFT Tech.
• Guo's background in M&A strategy may enhance future growth opportunities.

Negative

• Transition from Inar Kamaletdinov to Frank Guo could raise concerns about continuity in leadership.
• Potential experience gaps during the transition period.

VANCOUVER, British Columbia--(BUSINESS WIRE)-- NFT Technologies Inc. (NEO: NFT | OTC Pink: NFTFF | FRA: 8LO) (the “Company” or “NFT Tech”), a leading technology company partnering with top-tier brands to accelerate their entry into the world of web3 through innovative technologies and unparalleled creativity to accelerate their entry into the world of web3, announced today the appointment of Frank Guo as the new CFO of NFT Tech, effective immediately. Frank replaces Inar Kamaletdinov, who was appointed CFO of the Company on January 15, 2022, and provided fractional CFO services.

Frank Guo is an accomplished multifaceted finance executive with over a decade of experience leading various organizations through rapid business growth and strategic responses to evolving markets. Experienced in M&A strategy and post-merger integrations, Frank previously led finance operations at Mantaro Capital Corp., while providing CFO services to venture-funded businesses. Prior to that, he worked at the corporate credit division of RBC Capital Markets with institutional clients across various sectors, including US and Canadian NBFIs. Frank is a Chartered Financial Analyst and holds an MBA from the Ivey Business School of the University of Western Ontario.

Commenting on the appointment, NFT Tech CEO Adam De Cata said, “We’re pleased to have someone with Frank’s experience and expertise join NFT Tech. His accomplishments speak for themselves, and I am excited to see how this experience pushes us to new levels and keeps NFT Tech at the forefront of our industry.”

“The Board of Directors would like to thank Inar for his leadership and dedication to NFT Tech over the last several months,” said Wayne Lloyd, Executive Chairman of NFT Tech. “Inar helped guide the company to the current level of success, overseeing some of the Company’s most crucial activities, including the completion of the Company’s public listing and its first audit. We’re grateful that he will stay on board to ensure a stable transition for Frank over the coming months.”

“I am honored to join the team at NFT Technologies and support the Company’s strategic expansion and growth,” said Frank Guo. “Together I know we can build a strong foundation and be the guiding force for brands that want to enter the web3 space.”

About NFT Tech

NFT Tech works to develop infrastructure, assets, real estate and IP in the metaverse, build and generate revenue from P2E and M2E games, and bring insights and benefits to the public markets. By bridging the gap between traditional capital markets and the Web3 space, NFT Tech is mainstreaming decentralized ownership, NFTs, and the metaverse.

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twitter.com/nfttech
medium.com/@nfttechnologies

Cautionary Note on Forward-Looking Information

This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions. Forward-looking statements in this press release include statements relating to completion of the acquisition of Run It Wild and Sherwa and closing date thereof; benefits realized from the Transaction; expansion of the Company's NFT developments and product offerings; potential benefits and demands for direct-to-consumer NFT projects; potential benefits, development and acceptance of web3 and related applications; continued employment of Run It Wild and Sherwa employees and the value of their experience; plans for accelerating growth; and the continued public acceptance of NFTs. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release including, without limitation, the risk factors described in the Prospectus. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.

No securities regulatory authority has either approved or disapproved of the contents of this news release. The Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933 (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220923005502/en/

Wayne Lloyd, Executive Chairman

Email: ir@nfttech.com

Phone: +1 (604) 800-5838

Source: NFT Technologies Inc.

FAQ

What is the purpose of appointing Frank Guo as CFO of NFT Technologies Inc.?

Frank Guo's appointment aims to leverage his extensive experience to support the company's growth in the web3 space.

What was Frank Guo's role before becoming CFO of NFT Technologies Inc.?

Prior to his appointment, Frank Guo led finance operations at Mantaro Capital Corp. and provided CFO services to venture-funded businesses.

What impact might Frank Guo's appointment have on NFT Technologies Inc.?

Guo's expertise in finance and M&A strategy is expected to drive strategic growth and enhance performance for NFT Technologies.

Who did Frank Guo replace as CFO of NFT Technologies Inc.?

Frank Guo replaced Inar Kamaletdinov, who served as CFO since January 2022.

What is CEO Adam De Cata's view on Frank Guo's appointment?

CEO Adam De Cata expressed excitement and confidence that Guo's expertise will push NFT Technologies to new levels in the industry.