SUNNYVALE, Calif., April 24, 2015 /CNW/ -- LeoNovus®
Inc. ("LeoNovus") (TSXV: LTV), a leading Internet developer with
its SMART Media Platform and distributed Cloud Services announced
today that Mat Wilson has resigned from its Board of Directors
effective immediately.
"I have enjoyed working with the LeoNovus team as an investor
and board member over the last two years and believe the vision is
a good one," stated Mat Wilson. "I believe the timing is
right for me to make this move but look forward to LeoNovus'
success in the market."
"We have appreciated Mat's support and enthusiasm for technology
and our efforts to take it to market," said Gordon Campbell, Chairman and CEO of
LeoNovus. "He has been a great asset on the board and
related extremely well to the team. We wish him the best
moving forward."
The Board of Directors has identified candidates for
replacement. The nominee for director will be selected on the
basis of their experience, achievements, and willingness to devote
adequate time to Board duties. Due consideration will be
given to the Board's overall balance of diversity of perspectives,
backgrounds and experiences. Other factors for consideration
are global experience, experience as a director of a public company
and knowledge of relevant industries.
About LeoNovus Inc. (www.LeoNovus.com)
LeoNovus® is a publically traded company on the
Toronto exchange with offices in
Sunnyvale, CA. and Ottawa, Ontario. The Company has
launched an innovative high performance browser-based SMART MEDIA
PLATFORM with a remotely managed cloud system that provides HDTVs
and other connected devices with unprecedented access to features,
content, and functionality over the web without the cost, overhead
and support of a PC. This approach delivers an extremely
flexible just-in-time service model to multiple markets including
residential, hospitality and health care. LeoNovus also
utilizes its proprietary processing technology with a unique
ability to utilize idle processors in hardware systems for purposes
of building Intelligent Networks. This allows the Company to
offer geo-dispersed cloud services for new revenue streams while
reducing costs and increasing performance via distributed
networks.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Certain information included in this press release is
forward-looking and may involve risks and uncertainties. The
results or events predicted in these statements may differ
materially from actual results or events. Factors that might cause
a difference include, but are not limited to, competitive
developments, risks associated with LeoNovus' growth, the state of
the financial markets, regulatory risks and other
factors. Forward-looking statements included or
incorporated by reference in this press release include statements
with respect to proposed terms of, and the intended use of proceeds
of, the Offering. There can be no assurance that any
statements of forward-looking information contained in this release
will prove to be accurate. Actual results and future events
could differ materially from those anticipated in such
statements. These and all subsequent written and oral
statements containing forward-looking information are based on the
estimates and opinions of management on the dates they are made and
expressly qualified in their entirety by this notice. Unless
otherwise required by applicable securities laws, LeoNovus
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. Readers are cautioned not to
place undo reliance on any statements of forward-looking
information that speak only as of the date of this release.
More detailed information about potential factors that
could affect LeoNovus' financial and business results is included
in public documents LeoNovus files from time to time with Canadian
securities regulatory authorities and which are available at
www.sedar.com.
SOURCE LeoNovus Inc.