RYVYL Appoints George Oliva as Chief Financial Officer
October 19 2023 - 8:00AM
RYVYL Inc. (NASDAQ: RVYL) ("RYVYL" or the "Company"), a leading
innovator of payment transaction solutions leveraging proprietary
blockchain ledger and electronic token technology for the diverse
international markets, today announced that it has appointed George
Oliva as Chief Financial Officer of the Company, replacing former
Interim Chief Financial Officer, Gene Jones.
George Oliva has over 30 years of experience as
a senior finance professional, with a background in corporate
finance, treasury, financial planning and analysis, international
tax, and strategic planning. Prior to joining RYVYL, he was Chief
Financial Officer and Corporate Secretary for WiSA Technologies,
Inc. since 2019. He was also a partner with Hardesty LLC, a
national executive services firm, through which he provided
financial consulting services to public and private companies
nationwide. As Interim Chief Financial Officer of SpineEx, Inc., a
California-based medical equipment manufacturer, Mr. Oliva was
responsible for managing the company’s financial, human resources
and information technology departments. Prior to that, he served as
Vice President of Finance of GameWorks, a family entertainment
chain, where he developed a plan to restructure the company’s
business in connection with an acquisition by a lender. He also
served as controller for Eva Automation, an audio company, where he
implemented purchase accounting in connection with a $180 million
acquisition. Mr. Oliva began his career in auditing with Arthur
Andersen & Co. He earned a degree in Business Administration
from the University of California, Berkeley with a dual emphasis in
Accounting and Finance.
“On behalf of our board and management team, I
would like to welcome George to the position, and we are privileged
to have someone of his caliber and financial skill set to serve as
our CFO,” said Fredi Nisan, CEO of RYVYL. “I would like to thank
Gene for his contribution in leading us to this inflection point,
and welcome George’s capabilities in scaling public technology
companies. His achievements as well as expertise in financial
management of private and listed companies will make a significant
contribution to the strategic operation and development of our
company going forward.”
Oliva added, “I am excited to be appointed as
CFO as we prepare RYVYL for the future in a rapidly evolving
market. I look forward to working with Fredi, the senior leadership
team, and our finance team as we continue to execute on our
strategic and financial priorities focused on value-added growth
and our commitments to all shareholders."
About RYVYL
RYVYL Inc. (NASDAQ: RVYL) was born from a
passion for empowering a new way to conduct business-to-business,
consumer-to-business, and peer-to-peer payment transactions around
the globe. By leveraging proprietary blockchain ledger and
electronic token technology for the diverse international markets,
RYVYL is a leading innovator of payment transaction solutions
reinventing the future of financial transactions. Since its
founding as GreenBox POS. in 2017 in San Diego, RYVYL has developed
applications enabling an end-to-end suite of turnkey financial
products with enhanced security and data privacy, world-class
identity theft protection, and rapid speed to settlement. As a
result, the platform can log immense volumes of immutable
transactional records at the speed of the internet for first-tier
partners, merchants, and consumers around the globe.
www.ryvyl.com
Cautionary Note Regarding
Forward-Looking Statements.
This press release includes information that
constitutes forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. These
statements are often identified by the use of words such as
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “plan,” “project,” “will,” “would” or the negative
or plural of these words or similar expressions or variations.
These forward-looking statements are based on the Company's current
beliefs, assumptions and expectations regarding future events,
which in turn are based on information currently available to the
Company. Such forward-looking statements include statements
regarding the timing of the filing of the aforementioned periodic
reports. By their nature, forward-looking statements address
matters that are subject to risks and uncertainties. A variety of
factors could cause actual events and results to differ materially
from those expressed in or contemplated by the forward-looking
statements, including the risk that the completion and filing of
the aforementioned periodic reports will take longer than expected
and that additional information may become known prior to the
expected filing of the aforementioned periodic reports with the
SEC. Other risk factors affecting the Company are discussed in
detail in the Company's filings with the SEC. The Company
undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise, except to the extent required by
applicable laws.
Investor Relations Contact:Mark
SchwalenbergMZ Group - MZ North America312-261-6430RVYL@mzgroup.us
www.mzgroup.us
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