TORONTO, Aug. 28,
2023 /CNW/ - E Automotive Inc. d/b/a EINC (TSX: EINC)
("EINC" or the "Company") today announced that
the Company has appointed John Rim,
CPA, CA as its Chief Financial Officer (CFO). Mr. Rim has more than
25 years of business, finance and accounting experience, including
the past 12 years working as a CFO or Chief Operating Officer for
publicly listed companies on the TSX, TSX-V and NASDAQ
exchanges.
"John brings a wealth of experience from his work in high growth
markets with profitable companies that are M&A orientated which
is ideally aligned with our strategy at EINC," said Jason McClenahan, CEO of EINC. "We believe he is
a tremendous addition that complements our senior management team
as we continue to scale our platform and drive towards
profitability serving dealers in the vehicle wholesale and retail
verticals."
"EINC is disrupting the vehicle wholesale market with its
digital-meets-physical approach to automobile dealers. This is an
opportunity to work with a deeply experienced management team that
brings a unique vision and technology platform to a high growth
market serving dealers where and how they want to transact," said
John Rim, CFO of EINC.
Mr. Rim is a CPA, CA who has an extensive background across a
range of businesses from start-up to Fortune 500 multinationals,
both publicly listed and private equity owned companies including,
Brookfield, KIK Custom and
Bitfarms. Mr. Rim most recently held the position of CFO at
WonderFi Technologies Inc. (TSX: WDNR) and prior to that role held
the same position at Quarterhill Inc. (TSX: QTRH). He has a
broad range of experience including, financial planning, reviews
and reporting, M&A due diligence and integration, IPO
readiness, financial systems and internal controls, and tax
planning.
Mr. Rim will join EINC effective October
1 this year, in the interim Andy
Bohlin will continue to consult with the Company through
that period.
About EINC
EINC's mission is to optimize the online vehicle buying,
selling, and management experience for automotive dealers and
consumers. EINC has a digital platform (the "Platform") that
provides automotive dealerships with access to an online wholesale
auction marketplace where they can purchase or sell vehicles to
other dealers, as well as access innovative software solutions to
support dealers' digital retailing and inventory management. Access
to EINC's Platform is complemented by ancillary service offerings
to assist dealers with supplementary auction-related needs,
including driving consumer traffic to their digital properties and
optimizing other business processes. E Inc.'s digital wholesale
marketplace goes to market under the brand EBlock, and EINC's
digital retail suite of products goes to market under the brand
EDealer.
Cautionary Statement Regarding Forward-Looking
Information
This news release contains forward-looking information that
reflects the current expectations of management about the future
results and opportunities for EINC. Forward-looking statements
generally can be identified by words such as "will", "expects",
"anticipates", "intends", "plans", "believes", "estimates",
"prospects", "continues", or similar expressions suggesting future
outcomes or events. More particularly and without limitation, this
press release contains forward-looking statements and information
concerning the Company's future positioning, vision of the market,
scaling of the business on its existing cost base, future business
prospects and potential. Such forward-looking statements reflect
EINC's current beliefs and are based on information currently
available to management, and EINC can give no assurance that these
statements will prove to be correct. Although EINC believes that
the expectations and assumptions on which such forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements. By its nature,
forward-looking information is subject to various risks and
uncertainties (including those risks outlined in the Company's most
recent annual information form), which could cause the actual
results and expectations to differ materially from the anticipated
results or expectations expressed. Readers are cautioned not to
place undue reliance on this forward-looking information, which is
given as of the date hereof and to not use such forward-looking
information for anything other than its intended purpose. EINC
undertakes no obligation to update publicly or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
law.
SOURCE E Automotive Inc.