CENTENNIAL, Colo., April 30, 2018 (GLOBE NEWSWIRE) -- VirtualArmour International Inc. (the
“Company”) (CSE:VAI) (3V3:F) (OTCQB:VTLR), a premier cybersecurity managed services provider, has appointed CEO
Todd Kannegieter as chief financial officer, succeeding John Donaldson.
“We thank John for his important contributions during this high-growth stage of our development, and wish him the very best in
his future endeavors,” said company chairman Chris Blisard. “Todd’s extensive financial experience and capabilities, as well as
existing knowledge of our operations made him the ideal candidate to become CFO and assure a smooth transition.”
Kannegieter was a co-founder of VirtualArmour and has been a director since its inception and has served as its CEO since 2015.
His prior experience includes private equity funding of start-up telecommunications and Internet services companies, as well as
strategic and financial planning, mergers and acquisitions, and managing finance and accounting activities for both domestic and
international businesses in the telecommunications and Internet services sectors.
Kannegieter’s more than three decades of finance and accounting experience includes serving as vice president of finance for
Circadence Corporation. Prior to Circadence, Kannegieter served as a finance executive for a number of successful businesses,
including Rivien Communications, a telecommunications company providing integrated voice and data applications which was later
acquired by Allegiance Telecom. Earlier, he served at COMSAT International, a provider of satellite technology that was acquired by
Lockheed Martin. Before COMSAT, he served as a finance executive for both Westel Cellular and US West MediaOne (now Comcast Cable),
a global provider of communications. He also earlier served as executive director of finance, working the New Vector merger with
Airtouch cellular.
Kannegieter began his career at KPMG Peat Marwick, where he served as an auditor on multi-national oil and gas, real estate and
financial institution engagements. He holds a B.S. in Accounting from University of Wyoming.
Kannegieter has volunteered his time for several nonprofit organizations, including as co-founder, CFO and treasurer of
Flagstaff Charter Academy, a K-8 school in Longmont, Colorado. He was instrumental in raising a $13.5 million bond for Flagstaff
Academy’s new school building.
About VirtualArmour
VirtualArmour is a global cybersecurity and Managed Services provider that delivers customized solutions to help businesses
build, monitor, maintain and secure their networks.
The Company maintains 24/7 client monitoring and service management with specialist teams located in its US and UK-based security
operation centers (“SOC”). Through partnerships with best-in-class technology providers, VirtualArmour delivers only leading
hardware and software solutions for customers that are both sophisticated and scalable, and backed by industry-leading customer
service and experience. VirtualArmour’s proprietary CloudCastr client portal and prevention platform provides clients with
unparalleled access to real-time reporting on threat levels, breach prevention and overall network security.
VirtualArmour services a wide range of clients - which include those listed on the Fortune 500 - within several industry sectors,
in over 30 countries, across five continents. Further information about the Company is available under its profile on the SEDAR
website, www.sedar.com, on the CSE website, www.thecse.com, and on its website www.virtualarmour.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation and U.S.
securities laws. This press release includes certain forward-looking statements concerning the departure and appointment of
an officer, the future performance of our business, its operations and its financial performance and condition, as well as
management’s objectives, strategies, beliefs and intentions. The forward-looking information is based on certain key expectations
and assumptions made by the management of VirtualArmour. Although, VirtualArmour believes that the expectations and
assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the
forward-looking information as VirtualArmour cannot provide any assurance that it will prove to be correct.
Forward-looking statements are frequently identified by such words as “may”, “will”, “plan”, “expect”, “anticipate”, “estimate”,
“intend” and similar words referring to future events and results. Forward-looking statements are based on the current opinions and
expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks
and uncertainties, including changes in personnel, competitive risks and the availability of financing. These forward-looking
statements are made as of the date of this press release and VirtualArmour disclaims any intent or obligation to update publicly
any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as
required by applicable securities laws.
Company Contact:
Kyle Duff
Vice President, Client Engagement
Office: 720-644-0913
Email Contact
Investor Relations Contact
Ronald Both or Grant Stude
CMA Investor Relations
Tel (949) 432-7566
Email Contact
