VANCOUVER, British Columbia, Jan. 25, 2019 (GLOBE NEWSWIRE) — SiQ Mountain Industries Inc. (TSXV: SIQ) (the “Company” or “SiQ”) is pleased to announce that the nominees set forth in the Company’s management proxy circular dated December 17, 2018, Peter Hughes, James R. Bond, Richard Lee and Kathy Love were elected as directors of the Company at the Annual General Meeting of shareholders held on January 24, 2019 in Kelowna, B.C. (the “Meeting”). At the Meeting the shareholders also approved the reappointment of Davidson & Company LLP, Chartered Professional Accountants as the auditors of the Company and authorized the Company’s board of directors to fix the auditors remuneration. The shareholders also ratified and approved the Company’s 10% rolling Stock Option Plan.
At a meeting of the Board of Directors held following the Meeting, Peter Hughes was appointed President and Chief Executive Officer and Richard Lee was appointed Chief Financial Officer and Corporate Secretary. James R. Bond was appointed Lead Director.
About SiQ Mountain Industries
The Company is an early-stage development organization focused on the creation and distribution of a unique brand of products for outdoor athletic entertainment in domestic and international markets.
For a more complete business and financial profile of the Company, please view the Company’s website at www.siqmountain.com and documents posted under the Company’s profile on www.sedar.com.
On behalf of the Board of Directors,
Peter Hughes, CEO and President
Legal Notice Regarding Forward-Looking Statements and Information: This news release contains “forward-looking statements and information” within the meaning of applicable securities laws. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include without limitation: that the Company can create and distribute a unique brand of products for outdoor athletic entertainment in domestic and international markets. Although the Company believes its anticipated future results, performance or achievements expressed or implied by the forward-looking statements are based upon reasonable assumptions and expectations, they can give no assurance that such expectations will prove to be correct. The reader should not place undue reliance on forward-looking statements as such statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of SiQ Mountain Industries Inc. to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the risk that the Company’s technology and products may not work as well as expected; we may not be able to break into new markets, because such markets are served by strong and embedded competitors, the products are not well accepted by consumers or because of long term supply contracts; and we may not be able to grow and sustain anticipated revenue streams. We may have underestimated the cost of production and the time it takes to bring products to market; we may not be able to finance our intended product development. Our products may not sell or rent as well as expected, and competitors may offer better or cheaper alternatives to our products. Our technologies may not be patentable, and if patents are granted, we may not protect our investment in intellectual property if our patents are challenged. Our intended technologies may infringe on the intellectual property of other parties. We may not have any parties interested in distributing our products for rental as expected, and even if we have some rental distributors, we may not be able to break into the international market. Except as required by law, the Company does not intend to update the forward-looking information and forward-looking statements contained in this news release.
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.
For further information, please contact:
Peter Hughes, CEO and President
hughes@siqmountain.com