Auralite Investments Inc. Provides Corporate Update
January 29 2019 - 4:31PM
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 MeisterChief Executive Officer,
President, Corporate Secretary and Director Auralite Investments
Inc. Telephone: 604-351-6647Email: 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.
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