Montreal, Quebec--(Newsfile Corp. - February 11, 2021) - GOLO Mobile Inc., doing business as Usewalter (TSXV: WLTR) ("Usewalter" or the "Company"), is pleased to announce the appointment of Mr. Rory Olson to its Board of Directors, replacing retiring Board member, Mr. Danny Chazonoff, effective immediately.
Rory is an accomplished entrepreneur and seasoned executive with a proven track record of building successful organizations, having founded, restructured, and operated numerous companies from start-up stage to become mature public entities. With an extensive background in technology and a history of guiding strategic direction for public companies, Rory's expertise will be a strong complement to Usewalter's Board. He currently serves as CEO of VOTI Detection, a Canadian technology company specializing in the development and modernization of X-ray screening platforms and detection software operating in a rapidly-growing $1.8B global security market. Under Rory's leadership, VOTI Detection has been revitalized, delivering 700% revenue growth within just two years, and creating strong momentum to achieve accelerated growth and profitability. Previously, he held executive roles at multiple companies including Mpact Immedia (predecessor to BCE Emergis), BCE Emergis, and Surefire Commerce. Rory holds a Bachelor of Commerce in Finance from Concordia University.
Concurrent with Rory's appointment, Mr. Chazonoff has retired from the Board due to increasing demands from his other professional commitments, after having served since its inception as a public company in July of 2019.
"I am pleased to welcome Rory to the Usewalter Board and look forward to leveraging his extensive technology, market insights and public company experience to further advance the Company's strategy," said Brahm M. Gelfand, Board Chair of Usewalter. "In addition, I would like to thank outgoing member, Danny Chazonoff, for his service and time in providing valuable advice and insights garnered over many years of leading and directing companies. Without his input, advice and support during a most difficult time, the Company would not, in my estimation, be in the position it is today. On behalf of the Board and management team of Usewalter, I wish Danny the very best with his future endeavours."
"I am proud of the milestones Usewalter has accomplished to date, and the Company's progress since pivoting the business to focus on its innovative and game-changing usewalter app," said outgoing Board Member, Danny Chazonoff. "Rory is joining a team that continues to show unwavering commitment and dedication in the face of challenges, including the global pandemic. I wish him the very best as a new Board member and have every confidence in the strength of this organization moving forward."
In addition, the board of directors of the Company has granted, pursuant to the Company's stock option plan, a total of 7.6 million stock options to certain officers and directors of the Company. Each stock option entitles the holder thereof to purchase one common share in the capital of the Company (a "Common Share") at an exercise price of $0.175 per Common Share and expires on February 11, 2031.
About Usewalter
Usewalter, Inc. (TSXV: WLTR) is a smart building technology SaaS solution for property managers and residents in high-density urban environments, delivered through its usewalter app. Designed as 'the one app no one can live without', usewalter enables efficient and cost-effective management of a building across the key areas of communication, commerce and delivery and IoT management within multi-residential and commercial properties. Usewalter is positioned to leverage its first-mover advantage to access new Canadian and U.S. markets, secure additional partners and further build revenue momentum. Learn more at www.usewalter.com.
For Further Information:
Peter Mazoff, Chief Executive Officer
+1.855.465.6515
ir@usewalter.com
or
Cindy Gray, Investor Relations
(403) 231-4372
info@5qir.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74206
