SecureTech Announces New CEO Appointment to Lead Future Growth
SecureTech Innovations (OTC: SCTH) has announced significant changes in its executive leadership. Kao Lee, co-founder and former President and CEO, has transitioned to the role of General Manager of Top Kontrol. The Board has appointed J. Scott Sitra as the new President, CEO, and Board Member.
Sitra brings over 37 years of experience in securities and global regulatory compliance, having previously supported SecureTech through his consulting firm, Taurus Financial Partners. His background includes guiding public companies through various phases including early-stage formation, capital raising, and M&A opportunities.
The company, which develops security technologies including Top Kontrol and operates Piranha Blockchain subsidiary, positions this leadership change as strategic for future growth. Lee, who co-founded SecureTech in 2017, will focus on developing the Top Kontrol brand while Sitra aims to implement new growth initiatives for 2025 and beyond.
SecureTech Innovations (OTC: SCTH) ha annunciato cambiamenti significativi nella sua leadership esecutiva. Kao Lee, co-fondatore ed ex Presidente e CEO, è passato al ruolo di Direttore Generale di Top Kontrol. Il Consiglio ha nominato J. Scott Sitra come nuovo Presidente, CEO e Membro del Consiglio.
Sitra porta con sé oltre 37 anni di esperienza nel settore dei valori mobiliari e della compliance regolamentare globale, avendo precedentemente supportato SecureTech tramite la sua società di consulenza, Taurus Financial Partners. Il suo background include l'accompagnamento di aziende quotate in varie fasi, compresa la formazione iniziale, la raccolta di capitali e le opportunità di fusioni e acquisizioni.
L'azienda, che sviluppa tecnologie di sicurezza tra cui Top Kontrol e gestisce la controllata Piranha Blockchain, considera questo cambiamento di leadership come strategico per la crescita futura. Lee, che ha co-fondato SecureTech nel 2017, si concentrerà sullo sviluppo del marchio Top Kontrol, mentre Sitra punta a implementare nuove iniziative di crescita per il 2025 e oltre.
SecureTech Innovations (OTC: SCTH) ha anunciado cambios significativos en su liderazgo ejecutivo. Kao Lee, cofundador y ex Presidente y CEO, ha pasado a desempeñar el rol de Gerente General de Top Kontrol. La Junta ha nombrado a J. Scott Sitra como nuevo Presidente, CEO y Miembro de la Junta.
Sitra aporta más de 37 años de experiencia en valores y cumplimiento regulatorio global, habiendo apoyado previamente a SecureTech a través de su firma de consultoría, Taurus Financial Partners. Su experiencia incluye guiar a empresas públicas en diversas fases, incluidas la formación inicial, la recaudación de capital y oportunidades de fusiones y adquisiciones.
La empresa, que desarrolla tecnologías de seguridad como Top Kontrol y opera la subsidiaria Piranha Blockchain, posiciona este cambio de liderazgo como estratégico para el crecimiento futuro. Lee, que cofundó SecureTech en 2017, se centrará en desarrollar la marca Top Kontrol, mientras que Sitra busca implementar nuevas iniciativas de crecimiento para 2025 y más allá.
SecureTech Innovations (OTC: SCTH)는 임원 리더십에서 중요한 변화를 발표했습니다. Kao Lee는 공동 창립자이자 전 대통령 및 CEO에서 Top Kontrol의 총괄 매니저 역할로 전환되었습니다. 이사회는 J. Scott Sitra를 새로운 대통령, CEO 및 이사회 멤버로 임명했습니다.
Sitra는 37년 이상의 증권 및 글로벌 규제 준수 경험을 가지고 있으며, 이전에 자신의 자문 회사인 Taurus Financial Partners를 통해 SecureTech를 지원했습니다. 그의 배경은 초기 설립, 자본 조달, 인수 합병 기회를 포함한 다양한 단계에서 상장 회사들을 안내하는 것을 포함합니다.
이 회사는 Top Kontrol을 포함한 보안 기술을 개발하고 Piranha Blockchain 자회사를 운영하며, 이 리더십 변화를 향후 성장의 전략적인 변화로 보고 있습니다. SecureTech를 2017년에 공동 설립한 Lee는 Top Kontrol 브랜드 개발에 집중하고, Sitra는 2025년 이후 새로운 성장 이니셔티브를 시행하는 것을 목표로 하고 있습니다.
SecureTech Innovations (OTC: SCTH) a annoncé des changements significatifs dans sa direction exécutive. Kao Lee, co-fondateur et ancien Président-Directeur Général, a été nommé Directeur Général de Top Kontrol. Le Conseil d'Administration a nommé J. Scott Sitra comme nouveau Président, PDG et Membre du Conseil.
Sitra apporte plus de 37 ans d'expérience dans le domaine des valeurs mobilières et de la conformité réglementaire mondiale, ayant précédemment soutenu SecureTech à travers son cabinet de conseil, Taurus Financial Partners. Son expérience comprend l'accompagnement d'entreprises publiques à travers diverses phases, y compris la formation initiale, la levée de fonds et les opportunités de fusions et acquisitions.
La société, qui développe des technologies de sécurité comme Top Kontrol et opère la filiale Piranha Blockchain, considère ce changement de direction comme stratégique pour la croissance future. Lee, qui a co-fondé SecureTech en 2017, se concentrera sur le développement de la marque Top Kontrol, tandis que Sitra vise à mettre en œuvre de nouvelles initiatives de croissance pour 2025 et au-delà.
SecureTech Innovations (OTC: SCTH) hat bedeutende Veränderungen in seiner Unternehmensführung angekündigt. Kao Lee, Mitgründer und ehemaliger Präsident und CEO, hat die Rolle des General Managers von Top Kontrol übernommen. Der Vorstand hat J. Scott Sitra als neuen Präsidenten, CEO und Vorstandmitglied ernannt.
Sitra bringt über 37 Jahre Erfahrung im Bereich Wertpapiere und globale regulatorische Compliance mit, nachdem er SecureTech zuvor über seine Beratungsfirma, Taurus Financial Partners, unterstützt hat. Sein Hintergrund umfasst die Begleitung von öffentlichen Unternehmen in verschiedenen Phasen, einschließlich der frühen Gründung, der Kapitalbeschaffung und M&A-Möglichkeiten.
Das Unternehmen, das Sicherheitstechnologien wie Top Kontrol entwickelt und die Tochtergesellschaft Piranha Blockchain betreibt, betrachtet diesen Führungswechsel als strategisch für das zukünftige Wachstum. Lee, der 2017 SecureTech mitbegründete, wird sich auf die Entwicklung der Marke Top Kontrol konzentrieren, während Sitra neue Wachstumsinitiativen für 2025 und darüber hinaus umsetzen will.
- New CEO brings 37 years of securities and regulatory compliance experience
- Previous involvement with company through consulting ensures familiarity with operations
- Co-founder remains with company in focused operational role
- Leadership transition may create temporary operational adjustments
- Execution risk associated with new management strategy
Roseville, Minnesota, Jan. 15, 2025 (GLOBE NEWSWIRE) -- SecureTech Innovations, Inc. (OTC: SCTH), a leading developer and marketer of cutting-edge security and safety technologies such as Top Kontrol and the parent of Piranha Blockchain, a wholly-owned subsidiary focused on incubating and advancing early-stage blockchain, cybersecurity, and cryptocurrency technologies, is pleased to announce the expansion of its executive leadership team. Kao Lee has transitioned from his role as President and Chief Executive Officer to General Manager of Top Kontrol. The Board of Directors has appointed J. Scott Sitra as the new President, CEO, and Board Member.
Kao Lee, who co-founded SecureTech in 2017, will now focus his efforts on further developing the Top Kontrol brand. The Board appreciates Mr. Lee’s continued commitment and leadership and looks forward to his ongoing contributions to the Top Kontrol product line.
J. Scott Sitra joins SecureTech with over 37 years of professional experience in securities and global regulatory compliance. He has held senior positions in various public companies, guiding them through various phases of business, including early-stage formation, raising capital, establishing international supply chains, product development and launches, and pursuing merger & acquisition opportunities. Mr. Sitra’s private consulting firm, Taurus Financial Partners, has played a key role in supporting SecureTech’s regulatory compliance since its inception, making him well-acquainted with the company's operations.
"I am thrilled about the opportunities that lie ahead for SecureTech," said Mr. Sitra. "I look forward to working with the SecureTech team to achieve our shared vision for the company's future. My experience with both public and private companies has provided me with valuable insights and experiences which I plan to leverage to drive SecureTech’s growth while navigating the challenges smaller public companies face."
"Like all public companies, our shareholders are the foundation of the company. I have many new ideas that will help accelerate SecureTech’s growth not only in 2025 but for many years still to come. I look forward to sharing these exciting developments with our loyal shareholders soon," Mr. Sitra concluded.
Mr. Lee, now General Manager of Top Kontrol, said, "This is an exciting new chapter for SecureTech. Mr. Sitra brings a wealth of experience and fresh ideas that will help propel SecureTech forward. I look forward to working with him in my new role to continue building the Top Kontrol brand."
About SecureTech Innovations
SecureTech is a company at the forefront of developing and marketing security and safety devices, products, and technologies – our products preserve life, protect property, and prevent crime. SecureTech is the maker of Top Kontrol®, the only anti-theft and anti-carjacking system known that can safely stop a carjacking without any action by the driver. Through its Piranha Blockchain subsidiary, SecureTech is developing advanced cybersecurity technologies for blockchain and cryptocurrency systems and platforms. For more information, visit securetechinnovations.com, topkontrol.com, and piranhablockchain.com.
This press release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements refer to future events, expectations, plans, and prospects. SecureTech Innovations, Inc. (“SecureTech”) believes the expectations reflected in these forward-looking statements are reasonable as of the date they are made. However, actual results may differ materially from those expressed or implied by these forward-looking statements. SecureTech identifies forward-looking statements with words like 'believes,' 'estimates,' 'anticipates,' 'expects,' 'plans,' 'projects,' 'intends,' 'potential,' 'may,' 'could,' 'might,' 'will,' 'should,' 'approximately,' and similar expressions that convey uncertainty about future events or outcomes. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, including market conditions and other circumstances. More detailed information about SecureTech and the risks that may affect these forward-looking statements can be found in SecureTech’s filings with the Securities and Exchange Commission (“SEC”), including the risks contained in the section of our Annual Report filed on Form 10-K entitled “Risk Factors.” These filings are available on the SEC’s website at www.sec.gov. Forward-looking statements in this press release speak only as of the date they are made. SecureTech has no obligation to update any forward-looking statements to reflect new events or circumstances after the date of this press release, except as required by law.
Investor Relations
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