VANCOUVER, Oct. 30, 2018 /CNW/ - Parkit Enterprise Inc.
("Parkit" or the "Company") (TSXV: PKT; OTCQX: PKTEF)
is pleased to announce that it has appointed Avi Geller as interim Chief Executive Officer of
the Company. Avi will work with David
Delaney, Executive Chairman, to source new investments,
monetize the existing portfolio of assets, and oversee the general
affairs of the business. The Board of Directors is excited to
welcome Avi, a major shareholder, to this position at the
Company. The Company is committed to harvesting the value
within its existing portfolio and to redeploying its capital into
new investments. Since the formation of the new board of
directors, the Company has reviewed an increased number of
potential acquisitions. The Company looks forward to continuing
this pace of investment evaluation in order to pursue accretive
acquisitions.
About PARKIT
Parkit Enterprise Inc. is engaged in the acquisition,
optimization and asset management of income producing parking
facilities across the United
States. The Company's shares are listed on TSX-V (Symbol:
PKT) and on the OTCQX (Symbol: PKTEF).
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.
Certain statements in this release are forward-looking
statements. Forward-looking statements consist of statements that
are not purely historical, including any statements regarding
beliefs, plans, expectations or intentions regarding the
future. Such statements are subject to risks and
uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements. No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if
they do occur, what benefits the Company will obtain from them, if
any.
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SOURCE Parkit Enterprise Inc.