ALMONTE, Ontario, June 01, 2020 (GLOBE NEWSWIRE) — 3 Sixty Risk Solutions Ltd. (“3 Sixty” or the “Company”) (CSE: SAFE) (OTCQB: SAYFF) (FSE: 62P2) announces Mr. Ernest Petrasovic, CPA, CA, as its new Chief Financial Officer (CFO), effective June 8, 2020.
Mr. Petrasovic brings over 30 years of experience in corporate finance, asset-based lending, expense reduction, financial planning and analysis, forecasting, and strategic planning. He began his career at Thorne Riddell, then known as one of the ‘Big Eight’ audit firms in Toronto, and has held a number of CFO positions with companies in retail, construction, franchising, and automotive services.“I couldn’t be more pleased to welcome Ernie to 3 Sixty where we feel he will make a significant impact in shaping the company to a sustainable, profitable and liquid position,” said Thomas Gerstenecker, Founder, Chairman, a.i., and CEO. “I am particularly impressed with his executive experience in complex and volume-based financial roles. Ernie has a proven ability to drive profitability while maintaining unrelenting focus on shareholder value.”“I would like to take this opportunity to sincerely thank our outgoing Interim CFO, Candice Matthews for stepping in and taking over the position without hesitation. Since taking on the role, Candice has worked tirelessly on significantly improving the Company’s financial structure. Her contribution will not be forgotten,” said Gerstenecker.About 3 Sixty Risk Solutions Ltd.Further InformationForward-Looking InformationThis news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate, among other things, to: the business and operations of 3 Sixty. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, 3 Sixty assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law.Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
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