Mobilum Technologies Announces Management Changes

Rhea-AI Summary

Mobilum Technologies Inc. (CSE: MBLM) has appointed payments industry expert Steven LaBella as Chief Executive Officer, succeeding Wojciech Kaszycki, who remains as Chairman. LaBella, a three-time Fintech founder, brings over 20 years of experience in payments and mobile wallet sectors, with a history of scaling companies to $100M in annual revenue. His appointment aims to enhance Mobilum's growth trajectory in digital assets and cryptocurrencies, as the company focuses on integrating traditional finance with crypto solutions.

Positive

• Appointment of Steven LaBella as CEO, bringing extensive experience in fintech.
• LaBella's proven track record includes scaling businesses to $100M in ARR.
• Potential for enhanced partnerships and growth in digital asset accessibility.

Negative

• Change in leadership might create uncertainty regarding continuity.
• Wojciech Kaszycki's step down could signal a shift in company direction.

VANCOUVER, BC, April 29, 2022 /PRNewswire/ - Mobilum Technologies Inc. ("Mobilum'' or the "Company'') (CSE: MBLM) (OTC: MBLMF) (FRA: C0B), a technology-driven company making digital assets and cryptocurrencies accessible through traditional finance and payment infrastructure, and the first solution provider of Fiat-to-Dex Tokens rails, is pleased to announce the appointment of payments industry veteran, Steven LaBella, as Chief Executive Officer. Wojciech Kaszycki will step down as CEO and President of Mobilum Technologies but remain with Mobilum as Chairman of the Board.

Mr. LaBella is a three-time Fintech Founder and CEO, growing companies from founding to $100M in ARR in less than 5 years. With over 20 years of leading industry expertise in domestic and international payments, mobile remittance and mobile wallet experience, Mr. LaBella is a builder of world-class technology and product development teams, both start-up and scaled growth companies. He also brings his experience in both B2B and Direct to Consumer digital businesses across multiple countries and products. Lastly, Mr. LaBella offers proven fundraising and networking skills, providing fruitful partnerships with hundreds of clients and ultimately delivering multimillion-dollar results to the bottom line.

Wojciech Kaszycki, Mobilum Chairman commented, "Mr. LaBella provides the experience and skillset to take Mobilum to the next level of its growth trajectory. We are excited to have an individual with his track record join Mobilum's team and we are eager to build value for our shareholders." 

For further information: please contact Mobilum Investor Relations via email at ir@mobilum.com. 

About Mobilum Technologies Inc. 

Mobilum Technologies Inc. (CSE:MBLM) (OTC:MBLMF) (FRA:C0B) is a technology-driven Digital Service Provider (DSP) with a mission to make digital assets and cryptocurrencies accessible through traditional finance and payment infrastructure and digital asset management technologies, providing solutions for Exchanges, Wallets and Cryptocurrency Businesses, NFTs marketplaces, Protocols, Decentralized Applications and Decentralized Autonomous Organizations, Metaverse and Play-to-Earn games, and Traditional Finance Institutions (Banks, Hedge Funds, Insurance and Fintech companies) opening its doors to digital assets space. Our goal is to allow consumers around the world to convert fiat-to-crypto and crypto-to-fiat with Mobilum's on-ramp and off-ramp solutions. Mobilum has offices in Canada, Estonia, Lithuania, Poland, and the United States.  For further information go to Mobilum.com. 

Related Links 
https://mobilum.com 

For further information: please contact Meredith or Julie, Investor Relations, at +1 (604) 609 6169 or via email at ir@mobilum.com

This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies.  These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. 

Mobilum's statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of Mobilum's control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties of the Company's business, including: Mobilum's assumptions in making forward-looking statements may prove to be incorrect; adverse market conditions, including risks related to COVID-19 and risks that future results may vary from historical results. 

Except as required by securities law, Mobilum does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. 

Contact Information: 
Investor Relations 
Purple Crown Communications 
Phone:  +1 (604) 609-6169 
Email: IR@mobilum.com 

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SOURCE Mobilum Technologies Inc.

FAQ

Who is the new CEO of Mobilum Technologies?

Steven LaBella has been appointed as the new CEO of Mobilum Technologies.

What experience does Steven LaBella bring to Mobilum?

LaBella has over 20 years of experience in payments and has successfully scaled fintech companies.

Why did Wojciech Kaszycki step down as CEO?

Wojciech Kaszycki stepped down but will continue to serve as Chairman of the Board.

What are the potential impacts of the leadership change on Mobilum's stock?

The leadership change could influence investor confidence and operational direction, impacting stock performance.