VirExit Technologies, Inc. Announces That Members of Its Management Team Have Participated in a New Private Placement

Rhea-AI Summary

VirExit Technologies, Inc. (OTC PINK:VXIT) announced that senior management has reinvested in the company by converting debt into stock purchases. CEO James C. Katzaroff, COO Dave Croom, and CFO Bruce Jolliff invested a total of $65,000, reflecting confidence in the company's long-term strategy. VirExit remains focused on health, beauty, wellness, and security products. The company plans to launch its new certification program, VSure, in the first half of 2022. Additionally, James Chism has joined as Senior Sales Consultant, bringing over 20 years of B2B sales experience.

Positive

• Management team reinvested a total of $65,000 in VXIT, indicating confidence in the company's strategy.
• Launch of the VSure certification program scheduled for the first half of 2022, potentially enhancing product offerings.
• Onboarding of James Chism as Senior Sales Consultant adds experienced leadership to the team.

Negative

• None.

Several members of the senior management team have reinvested in VirExit by purchasing additional stock.

RICHLAND, WA / ACCESSWIRE / November 4, 2021 / VirExit Technologies, Inc. (OTC PINK:VXIT) is pleased to announce that several members of the senior management team have reinvested in the company through a debt to stock purchase.

"Our team is solid and stands behind VirExit's long-term plans for the organization," said James C. Katzaroff, CEO. "Dave Croom, VirExit's Chief Operating Officer has invested $10,000. Bruce Jolliff, our Chief Financial Officer, invested $25,000; and I have invested an additional $30,000."

VirExit's focus has always been in the health, beauty, wellness, and security spaces. Throughout the COVID-19 pandemic, the company has provided customers with access to top-tier products, information, and guest columnists.

VirExit has designed a proprietary, full-service program that promotes all aspects of wellbeing, productivity, safety, and creativity. VSure, VirExit's latest undertaking focuses on certification and implementation. That portal is scheduled to launch in the first half of 2022.

The company is also pleased to announce that James Chism from Hermosa Beach, California, has agreed to join the company in the role of Senior Sales Consultant. With over two decades of business-to-business sales experience, with fifteen of them as an independent telecommunications consultant with Sandler Partners Communications.

The VirExit team of professionals, including our top health advisors, are currently evaluating a variety of additional products and educational materials which will be onboarded regularly to both the site and the market. The company invites others to reach out with additional products they believe fit our program by emailing info@virexit.com.

NOTICE REGARDING FORWARD LOOKING STATEMENTS

This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements that include the words believes, expects, anticipate or similar expressions. Such forward-looking statements involve known and unknown risks, and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

About VirExit Technologies, Inc.

VirExit Technologies, Inc. (VXIT) is a diversified company focused on innovative, effective, ethical, and safe products within the health, safety, and wellness verticals. In 2020, the company purchased SaferPlace Technologies, LLC, whose purpose is to create a primary sales and marketing platform as a vertical online marketplace. This new acquisition seeks to provide a single source for buyers and sellers of protective products and services which resonate with the VirExit mission statement: making the world a healthier and safer place with innovative, ethical and effective technologies. For investor relations information please contact investorrelations@virexit.com.

CONTACT:
Brooke Greenwald
Cornerstone Communications, LTD
brooke@cornerstonepr.net
(240) 360-0866

SOURCE: VirExit Technologies, Inc

View source version on accesswire.com:
https://www.accesswire.com/671134/VirExit-Technologies-Inc-Announces-That-Members-of-Its-Management-Team-Have-Participated-in-a-New-Private-Placement

FAQ

What recent investment has the management team of VXIT made?

Several members of the senior management team of VirExit Technologies have reinvested a total of $65,000 by converting debt into stock purchases.

What is the VSure program announced by VXIT?

VSure is a certification and implementation program planned to launch in the first half of 2022 by VirExit Technologies, focusing on wellness and safety.

Who is joining VirExit Technologies as a Senior Sales Consultant?

James Chism has joined VirExit as Senior Sales Consultant, bringing over two decades of B2B sales experience.

How much did the executives invest in VXIT?

James C. Katzaroff invested $30,000, Bruce Jolliff $25,000, and Dave Croom $10,000, totaling $65,000 in investments.