VANCOUVER, British Columbia, Jan. 29, 2019 (GLOBE NEWSWIRE) — Auralite Investments Inc. (TSX Venture-AAAA) (the “Company” or “Auralite“), is pleased to provide the following corporate update:
In December, Auralite welcomed two new board members, Terry Thompson and Jason Morton.
Mr. Terry Thompson is a Bachelor of Commerce graduate from the University of British Columbia in 1976 and has over 25 years of senior management experience. His last position was Executive VP and General Manager of 4Refuel Canada Ltd where he helped lead a company from shortly after its start up in 1995 to the leading provider of on-site and on-line diesel fuel management services in Canada with annual sales in excess of $200 million. During Mr. Thompson’s tenure 4Refuel was named Canada’s 7th best company to work for in a national survey and one of Canada’s 50 Best Managed Companies in 2010. In 2010, at the age of 56, Mr. Thompson sold his interest in 4Refuel to a private equity group and is now a private investor and volunteer business advisor to a number of small business CEOs and senior executives.
Mr. Jason Morton has nearly ten years of investment analysis and portfolio management experience. During his investment career at Wellington Management Company, one of the largest institutional investment managers globally, he served as a financial technology analyst before moving on to assist in managing the broader technology-oriented sleeves for various in-house hedge funds. Mr. Morton also helped launch Wellington’s first and only pre-IPO fund, focused on late-stage private emerging technology companies, for which he was named head portfolio coordinator. Upon leaving Wellington in 2015, Mr. Morton pursued entrepreneurship and became an investor/operator in a nanotechnology company, Nano Global Corporation, based in Austin, TX. He has served as Head of Corporate Development & Corporate Finance during his tenure. Recently, he was chosen for the role of President in a major internet of things (IoT)-centered joint venture involving Nano Global and one of the world’s largest semiconductor companies.
Mr. Thompson also assumed the role of Chief Financial Officer of Auralite, following Hani Zabaneh’s retirement from both his director and CFO positions which Mr. Zabaneh had held since the Company’s inception.
Robert Meister, President and CEO of Auralite commented: “the Company and directors thank Hani for his contributions and wish him the best in all his future endeavors.”
Robert Meister went on to state: “We are also delighted to welcome Terry and Jason to the Auralite team. We are fortunate to have Terry as our new CFO and look forward to sharing in his extensive experience. Jason is an accomplished technology-focused fund manager and will be of great value to the Auralite team.”
The Company is also pleased to provide an update on its four-for-one forward stock split which became effective in early January. Following completion of the forward split, the Company’s common shares have experienced increased trading volume, providing improved liquidity to all shareholders.
Going forward, Auralite is looking to invest in revolutionary and disruptive technologies in the following six key verticals:
- Environmental Technology
- Artificial Intelligence (AI)
- Internet of Things (IoT) & Blockchain
- Fintech
- BioTech, BioPharma, and Cannabis Tech
- Quantum Technology
About Auralite
Auralite is an Investment Issuer with interests in Singapore based EVVO Labs Pte. Ltd. and in convertible debentures of South Korea based Fourth-Link, Inc.
For further information please contact:
Robert Meister
Chief Executive Officer, President, Corporate Secretary and Director
Auralite Investments Inc.
Telephone: 604-351-6647
Email: info@auraliteinvestments.com
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 news release.
This news release contains forward-looking statements including statements regarding the liquidity of the Company’s common shares and the Company’s investment focus as well other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business and future prospects of the Company.
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, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.