NEW
YORK, April 24, 2023 /PRNewswire/ -- SMX
(Security Matters) plc (NASDAQ:SMX; SMXWW) is pleased to announce
that Mr. Joshua Skule, a former
FBI Executive Assistance Director and the current President of Bow
Wave LLC, and SMX have agreed for him to join SMX's ad hoc
International Legal Prosecuting Task Force to investigate and
analyze possible irregular past trading patterns, spoofing and
possible illegal market manipulation of the Company's shares.
The Company has also authorized Mr. Skule to formally liaise
with international law enforcement agencies across the world,
specifically INTERPOL, and Irish authorities. If evidence
allows, SMX will consider legal activities through the Irish legal
system and filing a request for intervention by INTERPOL.
Mr. Skule began Bow Wave LLC after a distinguished 21-year
career in the FBI. Skule retired as the Executive Assistant
Director for Intelligence leading the organization's Intelligence
Branch. In this role, he served as the strategic leader of the
FBI's intelligence program with centralized authority,
responsibility, and oversight for all the bureau's intelligence
work. As the Deputy Assistant Director within the FBI's
Counterterrorism Division, Skule developed a long-term strategic
roadmap for technology investment in the bureau's highest priority
program. He nurtured extensive outreach to international law
enforcement and intelligence partners to enhance information
sharing. While assigned to the Chicago Division, Mr. Skule
investigated violent crimes, public corruption, corporate and
white-collar fraud, and organized crime.
Due to Mr. Skule's extensive intelligence and investigative
experience, his expertise is considered paramount to the success of
the SMX ad hoc International Legal Prosecuting Task
Force.
Mr. Skule holds a bachelor's degree in political science from
the Naval Academy and served in
the United States Marine
Corps. He was awarded the Presidential Rank Award in
2018.
About SMX
As global businesses faces new and complex challenges relating
to carbon neutrality and meeting new governmental and regional
regulations and standards, SMX is able to offer players along
the value chain access to its marking, tracking, measuring and
digital platform technology to transition more successfully to a
low-carbon economy.
Forward-Looking Statements
The information in this press release includes "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements include, but are not
limited to, statements regarding expectations, hopes, beliefs,
intentions or strategies regarding the future. In addition, any
statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. The words
"anticipate," "believe," "contemplate," "continue," "could,"
"estimate," "expect," "forecast," "intends," "may," "will,"
"might," "plan," "possible," "potential," "predict," "project,"
"should," "would" and similar expressions may identify
forward-looking statements, but the absence of these words does not
mean that a statement is not forward-looking. Forward-looking
statements in this press release may include, for example: matters
relating to the Company's fight against abusive and possibly
illegal trading tactics against the Company's stock; successful
launch and implementation of SMX's joint projects with
manufacturers and other supply chain participants of steel, rubber
and other materials; changes in SMX's strategy, future operations,
financial position, estimated revenues and losses, projected costs,
prospects and plans; SMX's ability to develop and launch new
products and services; SMX's ability to successfully and
efficiently integrate future expansion plans and opportunities;
SMX's ability to grow its business in a cost-effective manner;
SMX's product development timeline and estimated research and
development costs; the implementation, market acceptance and
success of SMX's business model; developments and projections
relating to SMX's competitors and industry; and SMX's approach and
goals with respect to technology. These forward-looking statements
are based on information available as of the date of this press
release, and current expectations, forecasts and assumptions, and
involve a number of judgments, risks and uncertainties.
Accordingly, forward-looking statements should not be relied upon
as representing views as of any subsequent date, and no obligation
is undertaken to update forward-looking statements to reflect
events or circumstances after the date they were made, whether as a
result of new information, future events or otherwise, except as
may be required under applicable securities laws. As a result of a
number of known and unknown risks and uncertainties, actual results
or performance may be materially different from those expressed or
implied by these forward-looking statements. Some factors that
could cause actual results to differ include: the ability to
maintain the listing of the Company's shares on Nasdaq; changes in
applicable laws or regulations; the effects of the COVID-19
pandemic on SMX's business; the ability to implement business
plans, forecasts, and other expectations, and identify and realize
additional opportunities; the risk of downturns and the possibility
of rapid change in the highly competitive industry in which SMX
operates; the risk that SMX and its current and future
collaborators are unable to successfully develop and commercialize
SMX's products or services, or experience significant delays in
doing so; the risk that the Company may never achieve or sustain
profitability; the risk that the Company will need to raise
additional capital to execute its business plan, which may not be
available on acceptable terms or at all; the risk that the Company
experiences difficulties in managing its growth and expanding
operations; the risk that third-party suppliers and manufacturers
are not able to fully and timely meet their obligations; the risk
that SMX is unable to secure or protect its intellectual property;
the possibility that SMX may be adversely affected by other
economic, business, and/or competitive factors; and other risks and
uncertainties described in SMX's filings from time to time with the
Securities and Exchange Commission.
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