TORONTO, July 12, 2021 /CNW/ - Newtopia Inc.
("Newtopia" or the "Company") (TSXV: NEWU), a
tech-enabled habit change provider focused on disease prevention,
is pleased to announce the appointment of Roger Poirier, CFA to the Company's Board of
Directors, effective immediately. With Mr. Poirier's appointment,
Newtopia has expanded its board to include five directors. Mr.
Poirier has more than three decades of capital markets, finance and
M&A experience and will serve on Newtopia's Audit
Committee.
![Newtopia logo (CNW Group/Newtopia Inc.) Newtopia logo (CNW Group/Newtopia Inc.)](https://mma.prnewswire.com/media/1572181/Newtopia_Inc__Newtopia_Appoints_Capital_Markets_Expert_Roger_Poi.jpg)
Mr. Poirier is the Founder of Whiteshell Group Inc., a
Toronto-based merchant bank with a
focus on venture capital and mid-market private and public
companies. Prior to founding Whiteshell, Mr. Poirier was a co-founder of
Cormark Securities, an institutional equity boutique in
Toronto, where he held various
senior positions over an 18-year period. Most recently, he was
Managing Director, Investment Banking and held internal roles,
including Deputy Chair - Risk Committee and member of the Audit
Committee.
"We are excited to welcome Roger to our Board of Directors,"
said Jeff Ruby, Founder & CEO,
Newtopia. "Roger's extensive capital markets experience will be a
great complement to, and will round out, our Board's current roster
of expertise. I anticipate that Roger will add significant value to
Newtopia as we continue to expand our innovative habit change
platform across North
America."
"I am honored to join Newtopia's Board of Directors," said
Roger Poirier. "Newtopia's focus on
slowing, reversing and preventing the onset of chronic disease is a
critical component of reducing insurer costs and driving the
overall improvement of employee health. I look forward to
collaborating with my fellow directors and expanding awareness of
the company's unique habit change platform as Newtopia continues to
grow and expand."
To learn more about Newtopia's corporate governance policies and
review the Company's full list of directors, please visit the
Corporate Governance section of Newtopia's investor website at
investor.newtopia.com.
About Newtopia
Newtopia is a tech-enabled habit change provider focused on
disease prevention and reducing the cost of care for health
insurers. As a provider of whole person care, we prevent, reverse,
and slow the progression of chronic disease while enriching mental
health, resilience and overall human performance. Newtopia's
programs leverage genetic, social, and behavioral insights to
create individualized prevention programs with a focus on type 2
diabetes, heart disease, stroke and weight. With a person-centered
approach that combines virtual care, digital tools, connected
devices and actionable data science, Newtopia delivers sustainable
clinical and financial outcomes. Newtopia serves some of the
largest nationwide employers and health plans and is currently
listed on the Toronto Stock Exchange (TSXV: NEWU). To learn more,
visit newtopia.com, Facebook, LinkedIn or Twitter.
Forward Looking Statements
This news release contains forward-looking information and
forward-looking statements, within the meaning of applicable
Canadian securities legislation, and forward looking statements,
within the meaning of applicable United
States securities legislation (collectively,
"forward-looking statements"), which reflects management's
expectations regarding Newtopia's future growth, results from
operations (including, without limitation, future production and
capital expenditures), performance (both operational and financial)
and business prospects and opportunities. Wherever possible, words
such as "predicts", "projects", "targets", "plans", "expects",
"does not expect", "budget", "scheduled", "estimates", "forecasts",
"anticipate" or "does not anticipate", "believe", "intend" and
similar expressions or statements that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative or grammatical variation thereof or
other variations thereof, or comparable terminology have been used
to identify forward-looking statements. All statements other than
statements of historical fact may be forward-looking information.
Such statements reflect Newtopia's current views and intentions
with respect to future events, based on information available to
Newtopia, and are subject to certain risks, uncertainties, and
assumptions. Material factors or assumptions were applied in
providing forward-looking information. While forward-looking
statements are based on data, assumptions and analyses that
Newtopia believes are reasonable under the circumstances, whether
actual results, performance or developments will meet Newtopia's
expectations and predictions depends on a number of risks and
uncertainties that could cause the actual results, performance and
financial condition of Newtopia to differ materially from its
expectations. These forward-looking statements include, among other
things, the estimated cost savings to plan payers associated with
the use of Newtopia's platform by plan members, the potential cost
of care reduction for other Medicare risk-bearing entities, the
continued engagement with Newtopia's platform by plan members,
clients continuing to offer Newtopia's platform pursuant to
agreements entered into, statements relating to Newtopia's business
plans and outlook. Forward-looking statements are not a guarantee
and are based on a number of estimates and assumptions management
believes to be relevant and reasonable, whether actual results,
performance or developments will meet Newtopia's expectations and
predictions depends on a number of risks and uncertainties that
could cause the actual results, performance and financial condition
of Newtopia to differ materially from its expectations. Certain of
the "risk factors" that could cause actual results to differ
materially from Newtopia's forward-looking statements in this press
release include, without limitation: the termination of contracts
by clients, risks related to COVID-19 including various
recommendations, orders and measures of governmental authorities
to try to limit the pandemic, including travel restrictions, border
closures, non-essential business closures, quarantines,
self-isolations, shelters-in-place and social distancing,
disruptions to markets, economic activity, financing, supply
chains and sales channels, and a deterioration of general
economic conditions including a possible national or global
recession; and other general economic, market and business
conditions and factors, including the risk factors discussed or
referred to in Newtopia's disclosure documents, filed with the
securities regulatory authorities in certain provinces of
Canada and available at
www.sedar.com including Newtopia's final long form prospectus dated
March 30, 2020.
Should any factor affect Newtopia's in an unexpected manner, or
should assumptions underlying the forward- looking information
prove incorrect, the actual results or events may differ materially
from the results or events predicted. Any such forward-looking
information is expressly qualified in its entirety by this
cautionary statement. Moreover, Newtopia does not assume
responsibility for the accuracy or completeness of such
forward-looking information. The forward-looking information
included in this press release is made as of the date of this press
release, and Newtopia undertakes no obligation to publicly update
or revise any forward-looking information, other than as required
by applicable law.
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.
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SOURCE Newtopia Inc.