MONTREAL, Jan. 9, 2014 /CNW Telbec/ - Hybrid Paytech World (the
"Company" or "Hybrid") (CNSX: HPT) (OTC: FPOTF) is proud to announce
the appointment of Mr. Stéphane Boisvert as Chief Executive Officer
effective immediately.
With over 25 years as a senior executive, Mr. Boisvert has a diverse
background spanning management, sales, marketing, mergers and
acquisitions both nationally and internationally. His combined
experience in the Telecom and IT sectors provides a unique strategic
perspective and knowledge to assist Hybrid in its rapid and dynamic
expansion.
Mr. Stephane Boisvert has deep global experience in operating business
units. He is a former Executive Vice-President and President of Bell
Business Markets between 2006 and 2011, and has previously held
significant global senior leadership roles at IBM and Sun Microsystems
in Silicon Valley, California. Amongst his many accomplishments,
Stéphane led 4 major acquisitions at Sun Microsystems, notably a $3.5B
transaction of Storage Tek, a Denver, Colorado based company.
"We, at the board of directors, feel that this is the appropriate time
to have Mr. Boisvert stepping in as our CEO to lead the Company into
its next growth phase" said Mr. Pierre McMaster, chairman of the board.
Mr. Bruce Baillo will become President of Hybrid for North American and
latin American operations.
"I am totally excited to take on this key role at Hybrid Paytech World
when the Company is at a critical inflection point. Paolo Continelli
and Massimo Barone have created in the past 3 years a unique platform
that has market attractiveness around the world. We have numerous
projects with key global brands in Asia, Europe, North America and most
recently South America. These are exciting times for the Company and
our team", said Mr. Boisvert. "I am very much looking forward to join
forces with the founders to accelerate the growth of the Company''.
Mr. Boisvert joined Hybrid's board of directors in late 2012 and was
named EVP Machine to Machine for global Telco sector in October 2013.
He will remain on HPT`s board of directors.
Stéphane is a McGill University graduate and was named in 2000 as one of
Canada's Top 40 under 40. He is active in the community serving where
he is involved in various art and health non for profit organizations
and boards.
About Hybrid PayTech World Inc.
Hybrid PayTech World Inc. Develops an Enterprise Ready Mobile Payment
Platform for the leading OS's (IOS, Android, BB and Windows 6,7,8). The
Corporation's holding, First Equity Strategy LLC, markets itself with
the DBA: Hybrid PayTech. International subsidiaries include Hybrid
PayTech Asia Inc, Hybrid PayTech Aspac HK Ltd, Vault Acquiring
Solutions LLC and Mobi724 Inc.
For more information on our Company, visit www.hybridpaytechworld.com
Hybrid PayTech based in Montreal, Canada, is a technology leader in the
mobile payment space for EMV (certification level for credit and debit)
& MSR (magnetic card reader) credit and debit acceptance. With a global
footprint, Hybrid is an enabler of easily-deployable payment systems
focusing on authentication, approved security and quick merchant
adoption in Fleet, Delivery, Logistics and Retail.
For more information on our products and on Hybrid PayTech, visit www.hybridpaytech.com or www.hybridpos.com
The Canadian National Stock Exchange (CNSX) has not reviewed this news
release and does not accept responsibility for its adequacy or
accuracy. This news release does not constitute a solicitation to buy
or sell any securities in the United States.
SOURCE Hybrid PayTech World Inc.
