TORONTO, May 14, 2018 (GLOBE NEWSWIRE) -- Kuuhubb Inc. (“Kuuhubb” or the “Company”) (TSX-V:KUU), a technology
company focused on acquiring, developing and distributing lifestyle and mobile game applications, is pleased to announce a pair of
senior executive appointments as part of its global expansion strategy. These appointments will serve to further enhance the
Company’s general managerial capabilities and further the growth of Kuuhubb’s flagship app Recolor, the world’s leading digital
coloring community.
The following individuals have been appointed:
Ms. Dragana Gucanin, the co-founder of Valiance UG, has been appointed to the new position of
Chief Executive Officer of Recolor. Ms. Gucanin brings a wealth of experience across strategy, consulting, partnerships,
marketing and ecosystem enablement in the technology startup world. Ms. Gucanin’s skill set is ideally suited to building out
the Recolor brand. Most recently she held a CEO position in the technology development studio, Codecacao, for 5 years and a
COO position in Valiance UG.
Mr. Charles Sung, CPA, CA, CPA (IL) has been appointed as the Chief Financial Officer of
Kuuhubb Inc. Prior to joining the Company, Mr. Sung was the CFO for an international-scale mining company and has been
instrumental in the transformation of financial and accounting systems and processes for numerous organizations. Mr. Sung was
also an Assurance Manager at one of Canada’s largest accounting and professional assurance firms. He has managed numerous audit and
consulting engagements and advised on technical accounting and auditing issues for both private and public sector clients.
Mr. Sung graduated from the University of Toronto with a Bachelor of Applied Science degree in Electrical Engineering and a Master
of Management & Professional Accounting degree from the Rotman School of Management.
“We are extremely pleased to welcome Dragana as the Kuuhubb family’s first female CEO and are excited to have
her lead Recolor through the next stages of its global growth. Additionally, I want to welcome Charles and his diverse experience
in Canadian-listed companies, to strengthen the existing Helsinki-based Kuuhubb finance team, as the new Kuuhubb Canada-based CFO.
We have the utmost confidence in Charles’ ability to lead the finance organization to maintain full compliance as a Canadian-listed
company,” stated Jouni Keranen, CEO of Kuuhubb.
About Kuuhubb
Kuuhubb is a company active in the digital space that focuses mainly on lifestyle and mobile game applications. Its strategy
is to create sustainable shareholder value through acquisitions of proven, yet underappreciated, assets with robust long-term
growth potential. Headquartered in Helsinki, Finland, Kuuhubb has a global presence with a strong focus on developing U.S.
brand collaborations and Asian partnerships.
Cautionary Note Concerning Forward-Looking Information
This press release contains forward-looking information. All statements, other than statements of historical fact, that address
activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including,
without limitation, statements relating to the growth of Recolor and the development and growth of the Company’s business) are
forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on
information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that
may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even
if such actual results are realized or substantially realized, there can be no assurance that they will have the expected
consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current
expectations include, among other things, risks related to the growth strategy of the Company, the possibility that results from
the Company’s growth plans will not be consistent with the Company's expectations, the early stage of the Company's development,
competition from companies in a number of industries, the ability of the Company to manage expansion and integrate acquisitions
into its business, future business development of the Company and the other risks disclosed under the heading "Risk Factors" in the
Company's annual information form dated October 30, 2017 filed on SEDAR at www.sedar.com. Forward-looking information speaks only
as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any
intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or
otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-
looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information
due to the inherent uncertainty therein.
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:
Kuuhubb Inc.
Jouni Keränen - CEO
jouni@kuuhubb.com
Office: +358 40 590 0919
Bill Mitoulas
Investor Relations
bill@kuuhubb.com
Office: +1 (416) 479-9547
