Ynvisible Announces Resignation of Director

Rhea-AI Summary

Ynvisible Interactive (TSXV: YNV) (OTCQB: YNVYF) has announced the resignation of Benjamin Leboe from its Board of Directors, effective August 13, 2024. Mr. Leboe, who had been a board member since 2018, stepped down due to health reasons. The company expressed gratitude for Mr. Leboe's years of service, highlighting his valuable contributions in financial and capital markets expertise. CEO Ramin Heydarpour personally acknowledged the impact of Leboe's departure, praising his ethical stance and trusted role on the board. Ynvisible's management team and Board of Directors extended their appreciation for Leboe's exceptional service and leadership during his tenure.

Positive

• None.

Negative

• Loss of a long-standing board member with financial and capital markets expertise
• Potential disruption in board continuity and decision-making processes

Vancouver, British Columbia--(Newsfile Corp. - August 19, 2024) - Ynvisible Interactive Inc. (TSXV: YNV) (OTCQB: YNVYF) (the "Company" or "Ynvisible")  announces the resignation of Benjamin Leboe as a director of the Company effective August 13, 2024, due to health reasons. Mr. Leboe has been a member of the Company's Board of Directors since 2018.

The Board of Directors and management of Ynvisible thank Mr. Leboe for his years of service. The Company was fortunate to have benefited from Mr. Leboe's years of financial and capital markets expertise.

"Ben's sudden resignation has been personally painful for me, as he was the most ethical peer and a trusted board member. My thoughts are with Ben and his family. On behalf of the entire Ynvisible team, I extend our deepest gratitude for his exceptional service and leadership" added Ramin Heydarpour, Chief Executive Officer of Ynvisible.

About Ynvisible

Ynvisible is disrupting the low-cost and ultra-low-power display industry thanks to the latest advantages in sustainable electronics and roll-to-roll printing production. Ynvisible's printed e-paper displays are ideal for low-power and cost-sensitive applications, such as digital signage, smart monitoring label, authenticity and security, and retail labels and signage. Ynvisible has the experience, know-how, and intellectual property in electrochromic materials, inks, and systems and offers a mix of services, materials, and technology to brand owners developing smart objects and IoT products. Additional information on Ynvisible is available at www.ynvisible.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Ramin Heydarpour
CEO and Executive Chairman
Ynvisible Interactive Inc.

Contact:
Elyssia Patterson
778-683-4324

Neither 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.

Forward-Looking Statements

This news release contains certain statements that may be deemed "forward-looking" statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Ynvisible Interactive Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the management of Ynvisible Interactive Inc. on the date the statements are made. Except as required by law, Ynvisible Interactive Inc. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/220375

FAQ

When did Benjamin Leboe resign from Ynvisible's Board of Directors?

Benjamin Leboe resigned from Ynvisible's Board of Directors effective August 13, 2024.

Why did Benjamin Leboe resign from Ynvisible's Board?

Benjamin Leboe resigned from Ynvisible's Board due to health reasons.

How long had Benjamin Leboe served on Ynvisible's Board of Directors?

Benjamin Leboe had been a member of Ynvisible's Board of Directors since 2018, serving for approximately 6 years.

What was Benjamin Leboe's expertise on Ynvisible's Board?

Benjamin Leboe provided Ynvisible with financial and capital markets expertise during his tenure on the Board.

How did Ynvisible's CEO react to Benjamin Leboe's resignation?

Ynvisible's CEO, Ramin Heydarpour, expressed personal sadness at Leboe's departure, praising his ethical stance and trusted role on the board.