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Mene Inc. Announces Changes in Executive Officers and Board of Directors

V.AGX | February 27, 2019

Mene Inc. Announces Changes in Executive Officers and Board of Directors

Menē Inc. (TSX-V: MENE) (US: MENEF) (“Menē” or the “Company”), an online 24 karat jewelry brand, announces the following formal appointments and resignations to the company’s executive team and Board of Directors.

Robert Lee will be appointed as Chief Financial Officer of the Company effective March 1, 2019. Steve Fray, Menē’s current Chief Financial Officer and Director of the Board, has resigned his positions in order to concentrate his focus on his duties as Chief Financial Officer of Goldmoney. Mr. Lee has acted as Controller of Menē for the past year and has been an instrumental part of the success of the Company. Robert Lee is a skilled financial executive with proven track record and experience in all accounting and finance matters. Prior to joining Menē, Robert was Financial Controller of Goldmoney Inc. (TSX:XAU), where he worked closely with senior management and directors, and was integrally involved in the financial planning and reporting during the incubation and launch of Menē Inc. He has five years of comprehensive corporate accounting and finance experience in financial technology, retail and service industries. He has also held marketing analyst roles at Mercedes-Benz Canada and Ontario Lottery Gaming Corporation (OLG). As Chief Financial Officer of Menē Inc., Robert will oversee the company’s accounting, business support, financial planning and analysis, treasury, and audit and tax compliance responsibilities. He will work with all executives, directors and staff members to pursue the company’s aggressive growth strategy and meet its clients’ and investors’ expectations.
Sunjoo Moon, the company’s Creative Director, has been appointed to the Board of Directors and will remain in her role as the Company’s Chief Creative Officer. Sunjoo’s work has evolved from design to include broader marketing and industry strategy that will add much additional brand and operational context to the Company’s Board of Directors.
Shireen Jiwan has resigned from the Board of Directors. The Company would like to thank her for her support and guidance and wishes her well.
Jacquelyn Humphrey no longer serves as Chief Operating Officer of the Company. Menē plans on replacing this position with a senior executive who has operations experience in the luxury and e-commerce segments.

Menē thanks Mr. Fray, Ms. Jiwan and Ms. Humphrey for their dedicated and invaluable service to the Company and wishes them well in their future endeavours.

About Menē Inc.

Menē crafts pure 24 karat gold and platinum jewelry that is transparently sold by gram weight. Through mene.com, customers may buy jewelry, monitor the value of their collection over time, and sell or exchange their pieces by gram weight at prevailing market prices. Menē was founded by Roy Sebag and Diana Widmaier-Picasso with a mission to restore the relationship between jewelry and savings. Menē empowers consumers by marrying innovative technology, timeless design, and pure precious metals to create pieces which endure as a store of value.

For more information about Menē, visit mene.com.

Cautionary Statement

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Forward-Looking Statements

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others: global economic climate; dilution; the Company’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology and manufacturing change; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; theft and risk of physical harm to personnel; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.