Skip to main content

Trakopolis Announces Management Changes

Written by Customer Service on . Posted in Public Companies.

CALGARY, Alberta, Nov. 14, 2019 (GLOBE NEWSWIRE) — Trakopolis IoT Corp. (TSXV: TRAK) (“Trakopolis” or the “Company“) announces that Mr. Brent Moore has resigned his position as Chief Executive Officer and a Director of the Company with immediate effect. 
Mr. Richard Clarke, formerly Chief Financial Officer of the Company, has been appointed as the Chief Executive Officer and a Director of the Company. Richie has served as the Company’s Chief Financial Officer since 2013 and has been significantly involved in its restructuring efforts.In addition, the Company has appointed Mr. Chris Burchell, a current Director of the Company, as Chief Restructuring Officer (“CRO“) to oversee the Company’s previously announced restructuring efforts. Chris has served as a Director since October 2016 and has substantial restructuring and M&A experience having spent more than 14 years in the investment banking industry.The Company continues to work closely with its financial and other advisors to successfully conclude the restructuring process and will provide further updates once available.About TrakopolisTrakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company’s asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from many verticals including oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.FOR FURTHER INFORMATION, PLEASE CONTACTRichard Clarke, Chief Executive Officer
Trakopolis IoT Corp.
Telephone: (403) 450-7854
Email: rclarke@trakopolis.comForward-looking StatementsThis news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, the completion of a restructuring transaction. The statements are dependent on a number of assumptions and risk factors, including the ability of the Company to identify a suitable restructuring transaction. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected effects on Trakopolis. These forward-looking statements are made as of the date of this press release. Except as required by applicable securities legislation, the Company assumes no obligation to update publicly or revise any forward-looking statements to reflect subsequent information, events, or circumstances.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.

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.