VANCOUVER, June 16, 2017 /CNW/ - Fireswirl Technologies Inc.
(TSXV: FSW) ("Fireswirl" or the
"Company") announced today that, effective
June 16, 2017, Lawrence Ng has resigned as the Interim Chief
Executive Officer of the Company. Henry
Au has been appointed to replace Mr. Ng as the Company's
Interim Chief Executive Officer, effective June 16, 2017. Mr. Ng will remain a member of the
Company's board of directors (the "Board").
Ji Yoon, the Chairman of
the Board commented: "On behalf of the Board, I wish to thank
Lawrence for his contributions to Fireswirl. We have appointed an
experienced executive who can continue to drive our business
forward and maximize long-term shareholder value. The Board has
complete confidence that Henry is highly qualified to be our next
CEO as we execute on our new corporate direction to provide
innovative virtual reality solutions to successful organizations
and expand our footprint into new markets."
Henry Au has over 25 years' of
experience in the high technology, banking and venture capital
industries with numerous multi-national corporations. Mr. Au began
his career at Cathay Pacific Airways Ltd., before being appointed
Vice President of CitiBank and ABN AMRO Bank. Mr. Au has also been
Regional Operations Director at Microsoft Corporation and Chief
Investment Officer at the Carlyle Group. Mr. Au was first appointed
as a member of the Board on December 30,
2015.
Mr. Au earned a Bachelor of Arts and Bachelor of Engineering
degree from Trinity College, University of
Dublin, a Master of Science in Computer Engineering degree
from University of Hong Kong and an MBA
from Hong Kong Polytechnic University.
About Fireswirl
Fireswirl Technologies Inc. (TSXV: FSW) is in the business of
providing multimedia and interactive marketing solutions,
specializing in 3D visualizations, computer graphics and digital
design. It has also developed and deployed augmented reality
("AR") and virtual reality ("VR") applications for
customers in the property and sports segments. In the property
segment, VR and AR applications are mainly deployed for sales and
promotional use. In the sports segment, Fireswirl has developed its
owned branded VX System, which integrates seamlessly with its VR
technology and indoor cycling applications.
This press release contains certain forward-looking
statements that reflect the current views and/or expectations of
Fireswirl with respect to the Company's business and future events.
The reader is cautioned that forward-looking statements are not
guarantees of future performance and involve known and unknown
risks, uncertainties, assumptions and other factors which are
difficult to predict and may cause actual results or events to
differ materially from those anticipated in such forward-looking
statements. Forward-looking statements are based on the
then-current expectations, beliefs, assumptions, estimates and
forecasts about the Company's business and the industry and markets
in which the Company operates. Forward-looking statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions which are difficult to predict. Investors are
cautioned that all forward-looking statements involve risks and
uncertainties. These risks, as well as others, could cause actual
results and events to vary significantly. Accordingly, readers
should not place undue reliance on forward-looking statements,
which are qualified in their entirety by this cautionary statement.
Fireswirl does not undertake any obligation to release publicly any
revisions for updating any voluntary forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by applicable securities laws.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
SOURCE Fireswirl Technologies Inc.