Mobilum Technologies Appoints John Henderson as Interim Chief Financial Officer

Rhea-AI Summary

Mobilum Technologies Inc. appointed Dr. John Henderson as Interim CFO, replacing Heidi Gutte. Dr. Henderson brings over 20 years of capital markets experience and a PhD in Management along with an MBA in Finance. CEO Steven LaBella highlighted Henderson's strong track record in driving results. Mobilum aims to simplify access to digital assets through its services designed for various financial institutions and businesses. The company operates globally, with offices in Canada, Estonia, Lithuania, Poland, and the U.S.

Positive

• Appointment of Dr. John Henderson as Interim CFO may bring fresh perspectives and drive results.
• Dr. Henderson has significant experience in capital markets and senior management.

Negative

• Transition in CFO role may introduce short-term uncertainty regarding financial leadership.

VANCOUVER, BC, June 17, 2022 /PRNewswire/ - Mobilum Technologies Inc. ("Mobilum" or the "Company") (CSE: MBLM) (OTC: MBLMF) (FRA: C0B) is pleased to announce that it has appointed Dr. John Henderson, the Company's Chief Operating Officer, as Interim Chief Financial Officer ("CFO"), replacing Ms. Heidi Gutte. The Company thanks Ms. Gutte for her tenure as CFO.

"Heidi has been a valued member of our accounting team and has made significant contributions especially during our recent year-end reporting and audit," said Steven LaBella, Mobilum's CEO.

Incoming interim CFO, Dr. Henderson, is a PhD in Management and MBA in Finance with over 20 years in capital markets and senior management with publicly listed companies.

Steven LaBella stated, "John brings a strong track record of driving results and an exceptional background in capital markets, and we are happy to have him take on the role as interim CFO."

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 www.mobilum.com.

Related Links
https://mobilum.com

For further information: please contact Meredith or Julie, Investor Relations, +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.

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SOURCE Mobilum Technologies Inc.

FAQ

Who is the new CFO of Mobilum Technologies and what is their background?

Dr. John Henderson is the new Interim CFO with over 20 years of experience in capital markets and a PhD in Management.

Why did Mobilum Technologies appoint a new CFO?

The change was made to replace former CFO Heidi Gutte, who contributed significantly during her tenure.

What is the expected impact of Dr. Henderson's appointment on Mobilum's financial strategy?

His extensive background in capital markets may strengthen Mobilum's financial strategy and operations.

When was Dr. Henderson appointed as Interim CFO?

Dr. Henderson was appointed on June 17, 2022.

What is Mobilum Technologies' primary business focus?

Mobilum focuses on making digital assets and cryptocurrencies accessible through traditional finance and payment infrastructure.