YANGAROO Announces Resignation of Director
26 Abril 2018 - 10:00AM
YANGAROO Inc. (the “Company”) (TSX-V:YOO)
(OTC:YOOIF), the industry's leading secure digital media management
and distribution company, announces the resignation of Howard
Atkinson from the Company's Board of Directors, effective April 25,
2018 in order to focus his efforts on other business and board
commitments.
“Howard has served on the Board of YANGAROO for
9 years, and his contributions during his tenure have helped the
Company through challenging times to its current growth and
profitability,” said Tony Miller, Chairman of YANGAROO. “On behalf
of the Board and management, we thank Howard for his contribution
and wish him all the best in his future endeavours.”
“It has been very rewarding serving on the Board
for the past 9 years,” said Mr. Atkinson. “Although I am leaving to
accommodate other commitments, the timing is right as I feel
confident that the Company is well on its way to sustained growth
and profitability.”
The Board will not fill the vacancy at this
time.
The Company would also like to announce the
appointment of Gerry Hurlow as Chair of the Company’s Audit
Committee, effective as of April 25, 2018, replacing Howard
Atkinson.
Mr. Hurlow, who is also President of Meteor
Capital Inc., a company that invests in emerging Canadian
technology businesses, brings over 20 years of experience investing
in early stage companies and has extensive board experience with
publicly traded companies in Canada. Mr. Hurlow is currently a
member of the Board of Directors and Audit Committee.
Mr. Philip Benson, a member of the Board of
Directors, has also been appointed to the Audit Committee effective
April 25, 2018.
About YANGAROO:
YANGAROO is a company dedicated to digital media
management. YANGAROO’s patented Digital Media Distribution System
(DMDS) is a leading secure B2B digital cloud based solution focused
on the music and advertising industries. The DMDS solution provides
more accountable, effective, and far less costly digital management
of broadcast quality media via the Internet. It replaces the
physical, satellite and closed network distribution and management
of audio and video content, for music, music videos, and
advertising to television, radio, media, retailers, and other
authorized recipients. The YANGAROO Awards platform is now the
industry standard and powers most of North America’s major awards
shows.
YANGAROO has offices in Toronto, New York, and
Los Angeles. YANGAROO trades on the TSX Venture Exchange (TSX-V)
under the symbol YOO and in the U.S. under OTCBB: YOOIF.
For YANGAROO Investor Inquiries:Gary MossPhone:
(416) 534-0607gary.moss@yangaroo.com
THE TSX VENTURE EXCHANGE HAS NOT
REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.
Cautionary Note Regarding
Forward-looking Statements
This news release contains certain
forward-looking statements and forward-looking information
(collectively referred to herein as "forward-looking statements")
within the meaning of applicable Canadian securities laws. All
statements other than statements of present or historical fact are
forward-looking statements. Forward-looking statements are often,
but not always, identified by the use of words such as
"anticipate", "achieve", "could", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "outlook",
"expect", "may", "will", "project", "should" or similar words,
including negatives thereof, suggesting future outcomes.
Forward looking statements are subject to both
known and unknown risks, uncertainties and other factors, many of
which are beyond the control of YANGAROO, that may cause the actual
results, level of activity, performance or achievements of YANGAROO
to be materially different from those expressed or implied by such
forward looking statements, including but not limited to: the use
of proceeds of the offering, receipt of all necessary approvals of
the offering, general business, economic, competitive, political
and social uncertainties; negotiation uncertainties and other risks
of the technology industry. Although YANGAROO has attempted to
identify important factors that could cause actual results to
differ materially from those contained in forward-looking
statements, there may be other factors that cause results not to be
as anticipated, estimated or intended.
Forward-looking statements are not a guarantee
of future performance and involve a number of risks and
uncertainties, some of which are described herein. Such
forward-looking statements necessarily involve known and unknown
risks and uncertainties, which may cause YANGAROO’s actual
performance and results to differ materially from any projections
of future performance or results expressed or implied by such
forward-looking statements. Any forward-looking statements are made
as of the date hereof and, except as required by law, neither
YANGAROO assumes no obligation to publicly update or revise such
statements to reflect new information, subsequent or otherwise.
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