CHIF ANNOUNCES APPOINTMENT OF IAG HOLDINGS DIRECTOR JEFF AU AS NEW CEO AND MEMBER OF THE BOARD OF DIRECTORS
March 25 2021 - 2:35PM
InvestorsHub NewsWire
CHIF ANNOUNCES
APPOINTMENT OF IAG HOLDINGS DIRECTOR JEFF
AU AS NEW CEO AND MEMBER OF THE BOARD OF
DIRECTORS
London, United Kingdom
-- March 25, 2021 -- InvestorsHub NewsWire -- China
Food and Beverage Company (OTC
Pink: CHIF), an Esports and Digital Asset technology company,
today announced that the Company has appointed Jeff Au as its new
Chief Executive Officer and member of the Board of Directors. Mr.
Au currently serves as an independent non-executive director of IAG
Holdings Limited, a Singapore based, Hong Kong listed investment
company. Mr. Au is a turnaround specialist and will lead the
restructuring of CHIF, as the Company embarks on its new direction
into the massive Esports arena. The global Esports market revenue
was valued at just over $1 billion in 2021 and is being projected
to grow 400% in the next seven years to an estimated $4.28 billion
by 2027. Mr. Au will lead the negotiations for CHIF's pending
acquisitions.
Mr. Jeff Au obtained a Bachelor of Science degree
in Business Administration from the University of Arizona in the
United States in August 2007 and a Master's Degree in Business
Administration from the world renowned Kelley School of Business,
Indiana University in the United States in May
2015.
James Tilton, president of CHIF stated, "I am
delighted to welcome Mr. Jeff Au as the Company's new CEO and my
fellow Board of Director. I am certain that all of our loyal
shareholders are equally excited. Mr. Au is a true restructuring
expert."
CHIF's vision is the establishment of a fully
integrated technology company that provides turnkey technological
solutions to the Esports, Cryptocurrency, Blockchain and Digital
Asset industries. Over time, the Company plans to provide a wide
range of services such as software solutions, e-commerce, advisory
services, financial services and information
technology.
For further information please contact CHIF at
info@chiftech.com
The CHIF Twitter account can be accessed at
https://twitter.com/chif_tech
This press release contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the
Securities Exchange Act of 1934, which are intended to be covered
by the safe harbors created thereby. Investors are cautioned that,
all forward-looking statements involve risks and uncertainties,
including without limitation, the ability of China Food and
Beverage Company to accomplish its stated plan of business. China
Food and Beverage Company believes that the assumptions underlying
the forward-looking statements contained herein are reasonable, any
of the assumptions could be inaccurate, and therefore, there can be
no assurance that the forward-looking statements included in this
press release will prove to be accurate. In light of the
significant uncertainties inherent in the forward- looking
statements included herein, the inclusion of such information
should not be regarded as a representation by China Food and
Beverage Company or any other person.
Contact:
China Food and Beverage Company
info@chiftech.com
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