SecureTech Announces New CEO Appointment to Lead Future Growth

Rhea-AI Summary

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.

Positive

• 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

Negative

• 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

+1 (651) 317-8990
ir@securetechinnovations.com

FAQ

Who is the new CEO of SecureTech (SCTH) and when was he appointed?

J. Scott Sitra was appointed as the new President, CEO, and Board Member of SecureTech (SCTH) on January 15, 2025.

What is former SCTH CEO Kao Lee's new role in the company?

Kao Lee has transitioned from his role as President and CEO to become the General Manager of Top Kontrol, focusing on developing the Top Kontrol brand.

What experience does new SCTH CEO J. Scott Sitra bring to the company?

J. Scott Sitra brings over 37 years of experience in securities and global regulatory compliance, with expertise in early-stage formation, capital raising, international supply chains, and M&A opportunities.

How long has SecureTech (SCTH) been operating?

SecureTech was co-founded by Kao Lee in 2017.

What is the relationship between Taurus Financial Partners and SCTH?

Taurus Financial Partners, J. Scott Sitra's consulting firm, has supported SecureTech's regulatory compliance since its inception.