World Oil Group, Inc. Appoints Susan Ferrari, Board Member

Rhea-AI Summary

World Oil Group (WOGI) has appointed Susan Ferrari to its Board, bringing over 20 years of experience in technology and financial services. Ferrari, a former Vice President at Bank of NY Mellon, will focus on strategic marketing and development of the company's fintech initiatives. Additionally, two senior software developers from Microsoft and HP have joined to enhance WOGI's technology platform. CEO Alison Galardi expressed optimism regarding Ferrari's role as a key step toward the company's digital transformation goals.

Positive

• Appointment of Susan Ferrari to the Board, enhancing expertise in technology and financial services.
• Addition of software developers with experience from Microsoft and HP, strengthening the development team.

Negative

• None.

Debary, FL, May 26, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- World Oil Group, Inc. (OTC symbol WOGI) is proud to announce the appointment of Ms. Susan Ferrari to its Board. Susan is a Senior Industry Principal and has 20+ years of experience in innovation, insights and analytics across technology, financial services, and media, including being a former Vice President at Bank of NY Mellon and ADP.

Susan will advise on strategic marketing and development of our technology and financial services platforms.

“I’m grateful for the opportunity to join the board with some of the most reputable names in the industry. I look forward to this venture, together as we forge the next generation of digital transformation in peer-to-peer investing.”

We are also pleased to announce the addition of two senior software developers formerly from Microsoft, HP and Cognizant. The team is currently working on the development of our new Fintech platform and website. 

“I’m very excited as we assemble a team of true professionals; Ms. Ferrari’s appointment is the first step in achieving our goal,” said Alison Galardi, CEO.

Safe Harbor Statement

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission.

Forward-Looking Statements

This press release may contain forward-looking statements, including information about management's view of World Oil Group Inc.’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of World Oil Group Inc., its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on World Oil Group Inc.’s future results. The forward-looking statements included in this press release are made only as of the date hereof. World Oil Group Inc. cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, World Oil Group Inc. undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by World Oil Group Inc.

Contact
www.worldoilgroupinc.com

info@worldoilgroup.com

FAQ

What is the significance of Susan Ferrari's appointment to the World Oil Group Board?

Susan Ferrari's appointment is significant as she brings 20+ years of experience in innovation, insights, and analytics, which will support the strategic marketing and development of new fintech platforms.

Who are the new software developers joining World Oil Group?

The new software developers joining World Oil Group have prior experience at leading companies like Microsoft, HP, and Cognizant, indicating a boost in the company's technological capabilities.

How will Susan Ferrari's experience impact World Oil Group's future?

Ferrari's extensive background in financial services and technology is expected to drive strategic initiatives and digital transformation within World Oil Group.

What initiatives is World Oil Group pursuing with its new technology team?

World Oil Group is currently focused on developing a new fintech platform and website to enhance its service offerings and digital capabilities.