Phunware, Inc. (NASDAQ: PHUN) (“Phunware” or the “Company”), the
pioneer of Location Based SaaS and offers the only fully integrated
enterprise cloud platform for mobile that enables brands to engage,
manage and monetize their anytime, anywhere users worldwide,
announced the appointment of Troy Reisner as Chief Financial
Officer (“CFO”), effective June 2, 2023. Mr. Reisner will succeed
Matt Aune and will become a member of the Company’s executive
management team, reporting to Russ Buyse, the Company’s Chief
Executive Officer. Matt Aune will fully transition into his role as
an advisor and continue to support the Company through December 31,
2023.
Mr. Reisner is a seasoned executive with over 30 years of global
financial and operational experience. Most recently, he served as
CFO of Keystone Tower Systems where he managed the finance division
for nearly four years. Prior to that, Mr. Reisner was a Partner at
Deloitte & Touche for over 16 years where he strategically
advised clients on different financing structures, provided counsel
to Audit Committee members on corporate governance matters, worked
closely with senior leaders to interpret and manage complex areas
of accounting and SEC rules related to financial statement risk,
and more. Mr. Reisner has a Bachelor of Science (B.S.) Accounting
from Southern Illinois University Edwardsville.
"On behalf of Phunware, I’m delighted to welcome Troy as our new
CFO," said Mr. Buyse. "Troy brings a mix of strategic finance,
deal-making, and operational experience that will power Phunware
into the future. His ability to provide high-quality guidance and
counsel, especially within the financial realm, will be extremely
beneficial for our organization as we are looking to optimize costs
and maximize our working capital. We look forward to benefiting
from his insight as Phunware advances towards the next chapter of
its corporate journey."
"I am very excited to join the Phunware team as they are
striving to take mobile engagement to the next level," said Troy
Reisner. "I look forward to working with Russ and each talented
person at Phunware to help drive us forward for the benefit of our
people, our shareholders and our customers."
Mr. Buyse added: “I would also like to thank Matt for his
decade-long service to the Company. He led our finance team through
several phases of Phunware’s life, from its early custom
development days to becoming a public company in 2018 to pivoting
to our Location Based SaaS Platform and acquiring Lyte. Matt was a
respected member of our executive team and will always be a friend
to the company.”
Safe Harbor Clause and Forward-Looking
Statements
This press release includes forward-looking statements. All
statements other than statements of historical facts contained in
this press release, including statements regarding our future
results of operations and financial position, business strategy and
plans, and our objectives for future operations, are
forward-looking statements. The words “anticipate,” “believe,”
“continue,” “could,” “estimate,” “expect,” “expose,” “intend,”
“may,” “might,” “opportunity,” “plan,” “possible,” “potential,”
“predict,” “project,” “should,” “will,” “would” and similar
expressions that convey uncertainty of future events or outcomes
are intended to identify forward-looking statements, but the
absence of these words does not mean that a statement is not
forward-looking.
The forward-looking statements contained in this press release
are based on our current expectations and beliefs concerning future
developments and their potential effects on us. Future developments
affecting us may not be those that we have anticipated. These
forward-looking statements involve a number of risks, uncertainties
(some of which are beyond our control) and other assumptions that
may cause actual results or performance to be materially different
from those expressed or implied by these forward-looking
statements. These risks and uncertainties include, but are not
limited to, those factors described under the heading “Risk
Factors” in our filings with the Securities and Exchange Commission
(SEC), including our reports on Forms 10-K, 10-Q, 8-K and other
filings that we make with the SEC from time to time. Should one or
more of these risks or uncertainties materialize, or should any of
our assumptions prove incorrect, actual results may vary in
material respects from those projected in these forward-looking
statements. We undertake no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws. These risks and others described under
“Risk Factors” in our SEC filings may not be exhaustive.
By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on
circumstances that may or may not occur in the future. We caution
you that forward-looking statements are not guarantees of future
performance and that our actual results of operations, financial
condition and liquidity, and developments in the industry in which
we operate may differ materially from those made in or suggested by
the forward-looking statements contained in this press release. In
addition, even if our results or operations, financial condition
and liquidity, and developments in the industry in which we operate
are consistent with the forward-looking statements contained in
this press release, those results or developments may not be
indicative of results or developments in subsequent periods.
About Phunware, Inc.
Everything You Need to Succeed on Mobile — Transforming Digital
Human Experience
Phunware, Inc. (NASDAQ: PHUN), the pioneer of Location Based
SaaS and offers the only fully integrated enterprise cloud platform
for mobile that enables brands to engage, manage and monetize their
anytime, anywhere users worldwide. Phunware’s Software Development
Kits (SDKs) include location-based services, mobile engagement,
content management, messaging, advertising, loyalty (PhunCoin &
PhunToken) and analytics, as well as a mobile application framework
of pre-integrated iOS and Android software modules for building
in-house or channel-based mobile application and vertical
solutions. Phunware helps the world’s most respected brands create
category-defining mobile experiences, with approximately one
billion active devices touching its platform each month when
operating at scale. For more information about how Phunware is
transforming the way consumers and brands interact with mobile in
the virtual and physical worlds, visit https://phunware.com and
follow @phunware on all social media
platforms.
Phunware PR & Media Inquiries:
Email: PRESS@phunware.com Phone: (512) 693-4199
Phunware Investor Relations:Matt Glover and
John YiGateway Investor RelationsEmail: PHUN@gatewayir.com Phone:
(949) 574-3860
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