OBITX Announces Eric Jaffe as Chief Executive Officer

Rhea-AI Summary

OBITX, Inc. (OTCMKTS: OBTX) has appointed Eric Jaffe as its new Chief Executive Officer, effective immediately. Jaffe will drive global expansion and oversee the company’s involvement with Everything Blockchain, a Special Purpose Acquisition Company (SPAC). With extensive experience in technology and business management, he aims to enhance OBITX's service offerings in blockchain technology. Chairman Michael Hawkins praised Jaffe’s leadership and merger expertise, highlighting his potential to strengthen strategic partnerships and expand sales nationally and internationally.

Positive

• Appointment of Eric Jaffe as CEO, bringing extensive experience in technology and business management.
• Focus on global expansion and service enhancement in blockchain technologies.
• Strategic involvement with Everything Blockchain SPAC for potential growth.

Negative

• None.

Fleming Island, FL, March 15, 2021 (GLOBE NEWSWIRE) -- OBITX, Inc., (OTCMKTS: OBTX), an advanced software development and services company specializing in blockchain technologies and decentralized processing, announced today the selection of Eric Jaffe as the company’s Chief Executive Officer.  Mr. Jaffe will assume the responsibilities of Chief Executive Officer immediately, while the former Interim Chief Executive Officer and Chief Financial Officer Michael Hawkins, will continue as the company’s Chairman and Chief Financial Officer.  Mr. Jaffe will focus on OBITX’s worldwide expansion of services and operations, along with the development and implementation of OBITX Venture’s merger and acquisition concept. Eric will oversee, along with board member Mark Gilroy, the Company's sponsored role in the Special Purpose Acquisition Company (SPAC), Everything Blockchain, headquartered in the Cayman Islands. 
    
Mr. Jaffe  brings a wealth and expertise to OBITX in business management.  Eric is an industry leading technology professional,  CEO, and serial entrepreneur. In his career he has had the opportunity to lead or be a part of many great teams that have leveraged vision, strategy, technology and great people to create great companies. His experience has  focused on the manufacturing, legal, non-profit, blockchain and technology industries. He has grown companies from start-up to successful acquisition that have grown into national leaders in their space. Recently he sold his former business, The Integrity Consulting Group, to CompassMSP, expanding operations to Florida, Connecticut, Pennsylvania, Wisconsin, and Illinois.  He has been a part of no less than 11 technology company acquisitions and has continually been on the forefront of emerging technologies. As a systems engineer he managed 10 staff offices that supported more than 500 attorneys in Florida, Latin America, and London with Steel, Hector, & Davis.  He was an early adopter of Bitcoin and blockchain, an early investor and adopter of Ethereum, having championed it and created companies around it since 2015. Through his consulting practice he has helped no less than 35 major companies set their technology strategy and accelerate their business growth. He couldn’t be more excited than to have this opportunity to lead a great team in fulfilling Obitix’s incredible vision. He is a graduate of Florida International University with a degree in Business Management and carries multiple technological certifications.

“I am very excited to be joining the OBITX team,” said Eric Jaffe. “I believe OBITX has a great business model and is building a strong management team, a versatile board of directors, while adding some of the markets most talented advisors that uniquely position us to capitalize on the changing business environment. As industries and processes  evolve through innovative and dynamic structuring, consolidation and technology migrations, I believe OBITX is in a position to provide a suite of services and solutions to help our clients efficiently manage their blockchain networks and maximize their budgets.”

Michael Hawkins, OBITX Chairman and CFO stated, “Eric is the right person for the OBITX team.  His proven leadership skills, extensive merger and acquisition experience, and business development skills will help strengthen OBITX’s partnerships, develop strategic alliances, and expand our national and international sales presence.”

About OBITX:

Headquartered in Fleming Island, Florida, OBITX, Inc., (OTCQB: OBTX) is a development,  consulting and services organization specializing in blockchain technologies and decentralized processing.

Forward Looking Statements

This news release contains “forward-looking statements” which are not purely historical and may include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities and words such as “anticipate”, “seek”, intend”, “believe”, “estimate”, “expect”, “project”, “plan”, or similar phrases may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects, the future U.S. and global economies, the impact of competition, and the Company’s reliance on existing regulations regarding the use and development of cannabis-based products. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.

FAQ

Who is the new CEO of OBITX as of March 2021?

Eric Jaffe has been appointed as the new CEO of OBITX, effective March 15, 2021.

What are the main responsibilities of Eric Jaffe as OBITX's CEO?

Eric Jaffe will focus on global expansion and oversee the company's services and operations in blockchain technology.

What is OBITX's involvement with Everything Blockchain?

OBITX is engaged with Everything Blockchain as a Special Purpose Acquisition Company (SPAC) under Eric Jaffe's leadership.

What background does Eric Jaffe have?

Eric Jaffe has a strong background in technology and business, with experience in leading technology companies and managing multiple acquisitions.

What was the previous position of Michael Hawkins at OBITX?

Michael Hawkins served as the Interim Chief Executive Officer and Chief Financial Officer before continuing as Chairman and CFO.