Bitcoin Well Announces Appointment of Chief Financial Officer
December 20 2021 - 7:00AM
Bitcoin Well Inc. (TSXV: BTCW) (“Bitcoin Well” or
“Company”), a technology company building and utilizing products
that offer safe and easy ways to buy, sell and use bitcoin, today
announces the appointment of Mr. Allen D. Stephen, CPA, CA, MBA who
joins Bitcoin Well as our Chief Financial Officer.
Mr. Stephen is a seasoned finance executive with
extensive experience in banking and fintech. For the past two
years, Mr. Stephen was the Head of Finance at Neo Financial
Technologies Inc., (“Neo”) a high-growth, fintech start-up based in
Calgary, Alberta. He led debt financing and venture capital
fundraising and was responsible for building the finance, credit
risk, compliance and legal teams. Prior to his role at Neo, Mr.
Stephen was a senior leader at Canadian Western Bank, a publicly
traded company headquartered in Edmonton, Alberta. As the Vice
President of Finance and Chief Accountant, his 12-year tenure at
Canadian Western Bank included oversight of internal and external
financial reporting, taxation, forecasting, regulatory compliance,
acquisitions & divestitures, capital issuances, and investor
relations. In addition to his extensive banking and public company
experience, Mr. Stephen has led finance teams in the utilities
industry. Mr. Stephen holds a Bachelor of Commerce degree from the
University of Saskatchewan, a Masters of Business Administration
degree from the University of Regina, and is a member in good
standing with the Chartered Professional Accountants of
Alberta.
“We are incredibly excited to welcome Mr.
Stephen as our CFO, starting with the Company on January 4, 2022.”
said Adam O’Brien, CEO of Bitcoin Well. “His wealth of experience
in both banking and financial technology will be a tremendous asset
as we continue our mission to give society the fastest and safest
way to buy, sell and use bitcoin.”
Mr. Stephen assumes the CFO position from Mr.
Luke Thibodeau who was Controller and had been serving as the
Interim Chief Financial Officer of Bitcoin Well. We thank Mr.
Thibodeau for his support during this CFO transition. He will
remain with Bitcoin Well in the role of Director of Finance.
About Bitcoin Well
Bitcoin Well (TSXV: BTCW) offers convenient,
secure and reliable ways to buy and sell bitcoin through a trusted
Bitcoin ATM network, white glove in-person service and a suite of
web-based transaction services. Based on management’s assessment of
publicly-available data, Bitcoin Well is the first publicly traded
Bitcoin ATM company in the world, with an enterprising
consolidation strategy to deliver accretive and cost-effective
expansion in North America and globally. As leaders of the
longest-running, founder-led Bitcoin ATM company in Canada,
management of Bitcoin Well brings deep operational capabilities
that span the entire value chain along with access to proprietary,
cutting-edge software development that supports further expansion.
Bitcoin Well is on a mission to shift the relationship that society
has with money by offering an ecosystem of products and services
that make Bitcoin accessible and understood. This ecosystem
includes non-custodial financial offerings (both
in-person and online); technology development, including SaaS and
internal technology developments through Ghostlab, the technology
arm of the business; and educational resources designed with the
needs of both the customers, and the industry, in mind.
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date with our business. For information on where to access
in-person services visit bitcoinwell.com/appointment/.
Contact Information For
investor information, please contact:
Bitcoin Well
10142 82 Avenue NWEdmonton, AB T6E
1Z4bitcoinwell.com
Adam O’Brien, President & CEO or
Dave Bradley, Chief Revenue OfficerTel: 1 888 711
3866 ir@bitcoinwell.com
Myles Dougan, Director of Investor
RelationsTel: 587 982 2769m.dougan@bitcoinwell.com
For media queries and further information, please contact:
Karen Smola, Director of MarketingTel: 587 735
1570k.smola@bitcoinwell.com
Reader Advisory / Forward-Looking
Statements
Statements in this press release regarding Bitcoin Well which
are not historical facts are “forward-looking statements” that
involve risks and uncertainties, such as the timing of expansion
plans and activities, allocation of the proceeds from the private
placement as well as various business objectives. Such information
can generally be identified by the use of forwarding-looking
wording such as “may”, “expect”, “estimate”, “anticipate”,
“intend”, “believe” and “continue” or the negative thereof or
similar variations. Since forward-looking statements address future
events and conditions, by their very nature, they involve inherent
risks and uncertainties such as the risk that the closing may not
occur for any reason. Actual results in each case could differ
materially from those currently anticipated in such statements due
to factors such as: (i) adverse market conditions and (ii) the need
for additional financing. Except as required by law, Bitcoin Well
does not intend to update any changes to such statements.
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