TechX Welcomes Netcoins Founder Michael Vogel as Independent Director and CyberSC Founder Dominic Vogel as Advisor

Rhea-AI Summary

On April 15, 2021, TechX Technologies Inc. announced the appointment of Michael Vogel, founder of Netcoins, as an Independent Director, alongside his brother, Dominic Vogel, as Advisor. Michael Vogel brings extensive experience in cryptocurrency, having scaled Netcoins to millions in revenue and led its public listing in 2018. Dominic Vogel is recognized for his expertise in cybersecurity. TechX aims to leverage their insights to foster growth in the cryptocurrency sector. The company also granted 450,000 stock options at $1.19 per share, operationalizing its strategy to attract industry leaders.

Positive

• Appointment of Michael Vogel, a pioneer in cryptocurrency, as Independent Director.
• Dominic Vogel joins as Advisor, bringing significant cybersecurity expertise.
• Potential strategic advantage in the cryptocurrency market with experienced leadership.
• Granting of 450,000 stock options at $1.19 per share may attract talent.

Negative

• None.

VANCOUVER, BC, April 15, 2021 /PRNewswire/ - TechX Technologies Inc. ("TechX'' or "the Company'') (CSE: TECX) (OTC: TECXF) (FRA: C0B1), a company focused in emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to welcome  Netcoins Founder and Coinstream CEO, Michael Vogel, as an Independent Director and his brother, CyberSC Founder & Chief Strategist Dominic Vogel, as an Advisor.

Michael Vogel is a well-known leader and pioneer in the Bitcoin world. He founded Netcoins in 2014, rapidly scaled the company as CEO & CTO to thousands of customers and millions in revenue, before leading the company to public listing in 2018 - notably the first crypto company of its type to be publicly listed. Netcoins, which was acquired by BIGG Digital Assets Inc. (CSE:BIGG) (OTC:BBKCF) in 2018, is now one of the largest and longest operating Bitcoin exchanges in Canada.

Michael is now the CEO of Coinstream, a Bitcoin company aimed at the US market, offering an ultra-simple way for Americans to buy cryptocurrencies. He is also founder and CEO of Encore Ventures, which is involved in the development and incubation/advisory of new startups and technologies in both crypto and tech spaces.

Michael's specialty is fast-growing startups in disruptive sectors: taking new ideas and products from concept to market to scale, something he has done multiple times in building several multi-million dollar startups. He brings a wealth of experience and knowledge across board, public markets, executive and engineering levels. Michael is regularly interviewed in both Canadian and international media as a thought leader in the crypto industry.

"Bitcoin and the cryptocurrency ecosystem is in a major growth phase, and TechX is very well positioned for rapid growth. The TechX team has already demonstrated a solid track record of success, and I'm excited to bring my sector knowledge and experience in scaling startups to the team," said Michael Vogel.

As Founder & Chief Strategist at CyberSC, Dominic Vogel holds a proven track record within cybersecurity across a multitude of industries (financial services, logistics, transportation, healthcare, government, telecommunications, and critical infrastructure). Dominic actively participates in the Vancouver security community and is a well-respected cybersecurity expert for appearing on media news outlets across North America and Internationally on BBC World News. Dominic is highly regarded as a cybersecurity thought leader and was recently appointed to the BC Provincial Cyber Security Advisory Committee.

Dominic focuses much of his energy on providing strategic security leadership to technology start-ups and small/midsize businesses to proactively solve their cyber risk challenges. He strives to provide practical cybersecurity advice to his clients and actively turning the security consulting world upside down.

"We are extremely pleased to have these two highly-seasoned experts join the Company during our exciting move into the cryptocurrency space," said TechX CEO, Peter Green. "We've been working diligently to find the best of the best to assist with our vision to drive advancements in crypto and shape the future of digital technology through our team's ever-growing industry and operational expertise."

"Michael is a cryptocurrency pioneer who personally founded and bootstrapped two multi-million dollar companies, including Netcoins, which he brought from nothing to $20 million in sales before it was acquired and publicly listed in 2018. Dominic has an equally impressive role within the cybersecurity space and is highly regarded for his deep expertise across several massive industries. I can't think of two better leaders to add to the TechX team," he added.

Further, the Company has granted an aggregate 450,000 incentive stock options (the "Options"). The Options are exercisable at $1.19 per share for a period of two years from the date of grant and subject to vesting over two years.  The Options have been granted under and are governed by the terms of the Company's incentive stock option plan.

About TechX Technologies Inc.

TechX Technologies Inc. is a company focused on emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies. Led by senior leaders and industry experts, TechX invests in and provides subject matter experts within portfolio companies to accelerate success and maximize value for shareholders.

On Behalf of the Board,

TECHX TECHNOLOGIES INC.

"Peter Green"                         
Peter Green, CEO

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.  When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information.  Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

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SOURCE TechX Technologies Inc.

FAQ

Who is Michael Vogel and what is his role at TechX Technologies?

Michael Vogel is the founder of Netcoins and the newly appointed Independent Director at TechX Technologies, bringing extensive experience in the cryptocurrency sector.

What expertise does Dominic Vogel bring to TechX?

Dominic Vogel, as an Advisor at TechX, offers significant experience in cybersecurity, enhancing the company's capabilities in this crucial area.

What is the significance of the stock options granted by TechX?

TechX granted 450,000 stock options at $1.19 per share to attract and retain key talent within the company.

How might the appointments of the Vogel brothers impact TechX's growth?

The appointments could position TechX for growth in the cryptocurrency space by leveraging the Vogels' extensive industry knowledge and experience.