VANCOUVER, May 27, 2019 /CNW/ - Universal mCloud
Corp. (TSX-V: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company"),
a leading provider of asset management solutions combining IoT,
cloud computing, artificial intelligence ("AI") and analytics,
today announced the appointment of Chantal
Schutz to Executive Vice President and Chief Financial
Officer, effective upon the upcoming filing of the Company's annual
financial statements. Ms. Schutz will report to Russ McMeekin, President and Chief Executive
Officer.
Ms. Schutz, a Chartered Professional Accountant, brings over 20
years of financial and operating experience to the Company. Having
held leadership roles in both private and publicly traded companies
of varying sizes and sectors, she has deep expertise in strategic
planning, financial reporting and corporate development. Ms.
Schutz began her career articling for both KPMG and PwC, and most
recently held the role of Chief Executive Officer at Vancouver-based NYCE Sensors. She currently
sits on the board of Clean Seed Capital Group (CSX.V) and NYCE
Sensors.
"We are thrilled to strengthen our executive leadership team
with the appointment of Ms. Schutz," said Russ McMeekin, CEO and President of mCloud. "Ms.
Schutz' track record of successfully leading the financial
operations of fast-growing tech companies will be invaluable to our
business as we continue to execute on our growth strategy in
realizing our goal of industry leadership."
mCloud Conference Call
mCloud will host a conference call at 5:30 p.m. ET on Thursday, May 30, 2019 to discuss
its financial results for the first quarter of 2019 and a recap of
fiscal 2018. The conference call will include prepared remarks from
Russ McMeekin, Chief Executive
Officer, and Chantal Schutz, newly
appointed Chief Financial Officer. After the prepared remarks, the
Company will accept questions. The Company will release its
financial results for the first quarter on the same day after the
close of markets.
To access the conference call by telephone, dial 647-427-7450 or
1-888-231-8191. Please connect approximately 10 minutes prior to
the beginning of the call to ensure participation. The conference
call will be archived for replay by telephone until Thursday, June 6, 2019 at midnight (ET). To
access the archived conference call, dial 1-855-859-2056 and
enter the reservation number 2951049.
A live audio webcast of the conference call will be available at
https://bit.ly/2HBh9gw. Please connect at least 15 minutes prior to
the conference call to ensure adequate time for any software
download that may be required to join the webcast. The
webcast will be archived at the above website for one year.
About Universal mCloud Corp.
Universal mCloud is creating a more efficient future with the
use of AI and analytics, curbing energy waste, maximizing energy
production, and getting the most out of critical energy
infrastructure. Headquartered in Vancouver, Canada, with technology and
operations centers in San Francisco,
CA, and Bristol, PA, mCloud
takes advantage of IoT sensors to bring data from connected assets
into the cloud, applying AI and analytics to maximize their health
and performance. Today, mCloud offers complete asset management
solutions to four distinct segments: smart buildings, wind energy,
utilities, and oil and gas. With over 100 blue chip customers and
more than 28,000 assets connected in thousands of locations
worldwide, mCloud is changing the way energy assets are managed.
For more information, visit www.mcloudcorp.com.
Forward-Looking Information and Statements
This press release contains certain "forward-looking
information" within the meaning of applicable Canadian securities
legislation and may also contain statements that may constitute
"forward-looking statements" within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Such forward-looking information and forward-looking
statements are not representative of historical facts or
information or current condition, but instead represent only the
Company's beliefs regarding future events, plans or objectives,
many of which, by their nature, are inherently uncertain and
outside of the Company's control. Generally, such forward-looking
information or forward-looking statements can be identified by the
use of forward-looking terminology such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not
anticipate", or "believes", or variations of such words and phrases
or may contain statements that certain actions, events or results
"may", "could", "would", "might" or "will be taken", "will
continue", "will occur" or "will be achieved". The forward-looking
information contained herein may include, but is not limited to,
the completion of the Transaction, the future business prospects of
the Company and the potential revenue of the Company.
By identifying such information and statements in this manner,
the Company is alerting the reader that such information and
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
information and statements.
An investment in securities of the Company is speculative and
subject to several risks as discussed under the heading "Risk
Factors" on pages 29 to 46 of the Company's filing statement dated
October 5, 2017. Although the Company
has attempted to identify important factors that could cause actual
results to differ materially from those contained in the
forward-looking information and forward-looking statements, there
may be other factors that cause results not to be as anticipated,
estimated or intended.
In connection with the forward-looking information and
forward-looking statements contained in this press release, the
Company has made certain assumptions. Although the Company believes
that the assumptions and factors used in preparing, and the
expectations contained in, the forward-looking information and
statements are reasonable, undue reliance should not be placed on
such information and statements, and no assurance or guarantee can
be given that such forward-looking information and statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information and
statements. The forward-looking information and forward-looking
statements contained in this press release are made as of the date
of this press release, and the Company does not undertake to update
any forward-looking information and/or forward-looking statements
that are contained or referenced herein, except in accordance with
applicable securities laws. All subsequent written and oral
forward- looking information and statements attributable to the
Company or persons acting on its behalf is expressly qualified in
its entirety by this notice.
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.
SOURCE Universal-mCloud Corp