ROI Land Investments, Ltd. Strengthens Board of Directors and Announces New Chief Financial Officer
March 29 2016 - 11:58AM
Dr. Slim Feriani
Appointed Chief Financial Officer and to Board of Directors
Martin Scholz
Appointed Executive Vice President and to Board of
Directors
MONTREAL, Mar 24, 2016 - ROI Land Investments,
Ltd. (OTCQB: ROII) ("ROI" or the "Company") announced today that it
has made the following adjustments to its senior management
team:
-
Dr. Slim Feriani, previously Chief Investment
Officer at ROI, has been named Executive Vice President - Finance
and Investments, Chief Financial Officer and a member of the
Company's Board of Directors. Dr. Sami Chaouch, will step down as
CFO but remain Chairman of the Board of Directors.
-
Mr. Martin Scholz, previously Chief Sales
Officer, has been named Executive Vice President and a member of
the Company's Board of Directors.
Dr. Feriani stated, "I'm delighted to take on the
CFO role at ROI. Since joining the Company earlier this year, I
have been impressed by the team's expertise and vision. I look
forward to working closely with ROI's board and various
stakeholders to help establish the Company as a fast growing and
successful real estate player in the niche segment of raw land
development."
Dr. Feriani has served as Chief Investment Officer
of ROI since January 2016. He also serves as non-executive Chairman
of London-based Gulf Central Agency Asset Management. Prior to
joining ROI, he was Managing Partner and CEO of MENA Capital and
Executive Chairman, CEO and Chief Investment Officer of Advance
Emerging Capital (later renamed Aberdeen Emerging Capital ("AEC")
from 2005 - 2014. In this position, he managed emerging markets
funds and the pioneering frontier markets fund that he launched in
2007. Dr. Feriani received an MBA and a Ph.D. in Finance &
Investments at The George Washington University in Washington D.C.,
where he taught Finance and International Finance for seven years
and currently serves on the advisory board of its business school.
He is fluent in English, French and Arabic.
Mr. Scholz stated, "It is with pleasure that I
accept the election to ROI Land Investment's Board of Directors.
ROI is a fascinating company, operating in a niche segment of real
estate: raw land acquisition and development. I am delighted to get
even more involved in the business and am looking forward to
continuing to share my knowledge and expertise of real estate to
drive ROI's progress."
Mr. Scholz has served as Chief Sales Officer of
ROI since October 2015. Prior to joining ROI, Mr. Scholz was a
qualified financial consultant at Deutsche Bank for 20 years and a
regional director for the independent sales force. While at
Deutsche Bank, Mr. Scholz managed a team of financial advisors
where he was responsible for providing a range of financial and
real estate planning services to individuals and families. Mr.
Scholz was also responsible for the acquisition of new private and
business clients, organizational planning, strategic management and
advising entrepreneurs on how to successfully develop their
business. He is fluent in English and German.
Mr. Philippe Germain, President of ROI Land
Investments, commented, "I would like to welcome Dr. Feriani and
Mr. Scholz to the Board of Directors and congratulate them on their
new roles. These new appointments are a result of our commitment to
building value for our shareholders and add more depth to ROI's
senior management. Slim and Martin will help to develop strategies
for funding, identify new investment opportunities and advise on
corporate governance matters."
Mr. Germain continued, "We believe that Slim's
appointment as CFO, alongside his appointment to the Board of
Directors, will be a great asset to ROI as we expand and develop
our operations. Slim has valuable long experience investing across
multiple asset classes and regions. His technical expertise and
connections will be invaluable as we expand our land development
projects, particularly those in the Middle East."
Mr. Germain concluded, "We are also confident that
adding Martin to our Board of Directors will serve to benefit our
shareholders. Martin's background in real estate has already proved
to be extremely beneficial for the Company. He has demonstrated his
aptitude in evaluating land acquisition opportunities and advising
on corporate financing."
About ROI Land Investments
Ltd.
ROI Land Investments (OTCQB: ROII) participates in
the early stages of real estate development. The Company acquires
raw land free of zoning restrictions located in geographies
positioned to benefit from unique economic catalysts.
ROI also manages the permitting process, oversees the construction
of infrastructure and works closely with established developers to
bring the projects to completion. The Company has projects
underway throughout North America and the UAE.
SAFE HARBOR AND INFORMATIONAL
STATEMENT
This press release may contain forward-looking
information within the meaning of Section 21E of the Security
Exchange Act of 1934, as amended (the Exchange Act), including all
statements that are not statement of historical fact regarding the
intent, belief or current expectations of the company, its
directors or its officers with respect to, among other things: (i)
the company's financing plans; (ii) trends affecting the company's
financial conditions or results of operations; (iii): the company's
growth strategy and operating strategy; and (iv) the declaration
and payment of dividends.
The words "may", "would", "will", "expect",
"estimate", "anticipate", "believe", "intend", and similar
expressions and variations thereof are intend to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statement are not a guarantee of future of future
performance and involve risks and uncertainties, many of which are
beyond the company's ability to control, and that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors including the risk
disclosed in the company's statements and reports filed with the
OTC Markets. The Company claims the safe harbor provided by Section
21E(c) of the Exchange Act for all forward-looking statements.
Contacts:
KCSA Strategic Communications
Elizabeth Barker / Abbie Sheridan
212-896-1203 / 212-896-12007
roi@kcsa.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ROI Land Investments LTD via Globenewswire
HUG#1998028
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