Castellum, Inc. Announces Promotion of Glen Ives to President of Government Sales and Operations; Additional Executive Moves Noted

Rhea-AI Summary

Castellum, Inc. (OTC: ONOV) announces Glen Ives has been appointed as President of Government Sales and Operations, in addition to his role as Chief Growth Officer. Since his arrival in February 2021, Ives has significantly contributed to the company's growth. Following the departure of Jim Enicks, former CEO of Corvus Consulting, Castellum has appointed Craig Nixon as Senior Advisor and Daniel Turissini as head of Technology Development and Compliance to further enhance its capabilities. Castellum targets strategic acquisitions in technology services, including recent interest in a government contractor with over $4 million in revenue.

Positive

• Glen Ives' promotion indicates leadership stability and potential for continued growth.
• Craig Nixon's experience in government contracting could enhance Castellum's acquisition strategy.
• Daniel Turissini's role in Technology Development may strengthen service offerings.

Negative

• The departure of Jim Enicks may create gaps in business development expertise.

POTOMAC, Md., Jan. 10, 2022 (GLOBE NEWSWIRE) -- Castellum, Inc. (OTC: ONOV) announces that Glen Ives, Chief Growth Officer takes on additional responsibilities as the President of Government Sales and Operations.

“Since joining Castellum in February 2021, Glen has been instrumental in our organic growth and acquisition successes,” said Mark Fuller, CEO of Castellum. “In his new role he will have executive management responsibilities for all of the acquired entities as he continues to drive growth and manage operations.”

Jim Enicks, CEO of Castellum’s subsidiary Corvus Consulting departed at the end of 2021 to pursue other opportunities. “During his leadership role in Corvus he built a strong business development and proposal capability,” noted Mark Fuller. “We are appreciative for these contributions during his tenure.”

Two other management additions were also announced. Craig Nixon, an Advisory Board Member since March of 2021 has joined Castellum as a Senior Advisor to Mark Fuller, CEO of Castellum. “In this role he will focus on opportunities within SOCOM and across the Army along with identifying potential acquisition targets,” stated Fuller. “Having run a large government contractor that grew through acquisitions as well as organically, Craig has an appreciation and understanding for the business plan we are executing and will further add to our ability to continue to our growth.”

Daniel Turissini has joined Castellum as the head of Technology Development and Compliance. “Dan’s knowledge across these areas will be focused on developing internal service capabilities that are complementary to the services currently offered by Castellum,” said Fuller. “These capabilities will offer existing and new customers new services that will help them to execute their individual and collective national security related missions.”

About Castellum, Inc. Castellum, Inc. (OTC: ONOV) is a technology services and solutions company executing strategic acquisitions in Cyber Security, Information Technology, Information Warfare, Electronic Warfare, Systems Engineering, Software Engineering and Software Development. The Company recently announced its latest letter of intent to acquire an East Coast government contractor with over $4 million of revenue.

Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters disclosed at www.otcmarkets.com. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.

Contact: Mark Fuller, CEO

info@castellumus.com

(301) 961-4895

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3caac6e7-12c3-47bb-9a2a-993496de94f9

FAQ

What management changes were announced by Castellum on January 10, 2022?

Castellum announced that Glen Ives would take on additional responsibilities as President of Government Sales and Operations, while also promoting Craig Nixon to Senior Advisor and hiring Daniel Turissini as head of Technology Development and Compliance.

How might Glen Ives' new role affect Castellum's growth?

Glen Ives' promotion suggests a focus on continued growth through his enhanced leadership in government operations.

What impact does Jim Enicks' departure have on Castellum?

Jim Enicks' departure may create gaps in business development, as he previously built strong capabilities at Corvus Consulting.

What is Castellum's recent interest in acquisitions?

Castellum is pursuing an East Coast government contractor with over $4 million in revenue to bolster its strategic acquisitions in technology services.