EdgeTI Announces Board Change and CFO Appointment

Rhea-AI Summary

Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5I), a provider of edgeCore™, a real-time Digital Twins platform, announces a board change and CFO appointment. Ms. Fay Arjomandi resigns from the board, while Ms. Carolyn Hollander joins. Mr. Nicholas Brigman steps down as CFO, with Ms. Sheri Rempel taking over. A consulting agreement with ARO Consulting Inc. is also established.

Positive

• Ms. Carolyn Hollander joins edgeTI as a director, bringing global strategic expertise in government operations and technology industries.
• Ms. Sheri Rempel appointed as the new Chief Financial Officer, bringing over 25 years of accounting experience.
• Consulting agreement established with ARO Consulting Inc., with Ms. Rempel providing CFO services to edgeTI.

Negative

• Ms. Fay Arjomandi resigns from the board of directors.
• Mr. Nicholas Brigman steps down as Chief Financial Officer.

Arlington, Virginia--(Newsfile Corp. - April 26, 2024) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5I) ("edgeTI", "Edge Technologies", "Company"), the provider of edgeCore™, a leading real-time Digital Twins platform, announces that Ms. Fay Arjomandi has resigned from the board of directors of edgeTI effective April 25, 2024, to pursue other opportunities. edgeTI would like to thank Ms. Arjomandi for her contributions and wishes her all the best in her future endeavors.

Subject to the approval of the TSX Venture Exchange, edgeTI has appointed Ms. Carolyn Hollander as a director of the Company. Ms. Hollander is a global strategist responsible for developing and implementing growth paths with sector leadership, across all business spectrums. Ms. Hollander has dedicated her career to the field of federal government operations and technology industries. She has served at the U.S. Government and supported long-term programs for the military even when in industry. Ms. Hollander has worked globally to craft innovative solutions that bridge the gaps in military and Special Operations Forces settings; notably decades in defense systems, emphasizing cyber security; now recently in medical and humanitarian health arenas. Ms. Hollander holds a master's degree in Computer Science from the University of Southern California in Los Angeles, California, attended a Foreign Policy Semester at American University, and earned a bachelor's degree in Political Science from the University of California, San Diego in La Jolla, California.

Furthermore, Mr. Nicholas Brigman has resigned as Chief Financial Officer of the Company. Mr. Brigman will remain as Corporate Secretary of edgeTI. Subject to the approval of the TSX Venture Exchange, edgeTI has appointed Ms. Sheri Rempel as the Chief Financial Officer. Ms. Rempel has over 25 years of accounting experience working with companies in the areas of real estate development, restaurant management, mining, general financial services, and software development. She specializes in the provision of accounting services to public companies listed on the Toronto Stock Exchange, the TSX Venture Exchange, and the Canadian Securities Exchange and to companies preparing to list on a Canadian stock exchange. In addition to providing accounting services to reporting issuers, she serves as Chief Financial Officer, Controller, and/or a director of several public companies in the mining, investment, and technology sectors.

ARO Consulting Inc., a company for which Ms. Rempel is the CEO of, and edgeTI have also entered into a consulting agreement dated April 9, 2024, pursuant to which, Ms. Rempel will provide edgeTI with services related to acting as Chief Financial Officer and other professional services. ARO Consulting Inc. will be paid a monthly fee of $11,250 CAD plus taxes and additional hourly fees, if applicable.

About edgeTI

edgeTI helps customers sustain situational awareness and accelerate action with its real-time digital operations software, edgeCore™ that unites multiple software applicates and data sources into one immersive experience called a Digital Twin. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid journeys via the platform's low-code development capability and composable operations. With edgeCore, customers can improve their margins and agility by rapidly transforming siloed systems and data across continuously evolving situations in business, technology, and cross-domain operations — helping them achieve the impossible.

Website: https://edgeti.com
LinkedIn: www.linkedin.com/company/edgeti
YouTube: www.youtube.com/user/edgetechnologies
Twitter: www.twitter.com/edge_suite

For more information, please contact:

Nick Brigman, Analyst and Press Relations
Phone: 888-771-3343
Email: ir@edgeti.com

Forward-Looking Information and Statements

Certain statements in this news release are forward-looking statements or information for the purposes of applicable Canadian and US securities law. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, business, economic and capital market.

Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include the competition and general economic, and market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source: Edge Total Intelligence Inc, April 26, 2024, 5:31 EST

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/207010

FAQ

Who resigned from the board of directors of edgeTI?

Ms. Fay Arjomandi resigned from the board of directors of edgeTI to pursue other opportunities.

Who has been appointed as a director of edgeTI?

Ms. Carolyn Hollander has been appointed as a director of edgeTI, bringing global strategic expertise in government operations and technology industries.

Who is the new Chief Financial Officer of edgeTI?

Ms. Sheri Rempel has been appointed as the new Chief Financial Officer of edgeTI, bringing over 25 years of accounting experience.

What is the consulting agreement between edgeTI and ARO Consulting Inc.?

A consulting agreement has been established with ARO Consulting Inc., where Ms. Sheri Rempel will provide edgeTI with services related to acting as Chief Financial Officer and other professional services.