First Responder announces Board and Management Changes
Vancouver, BC – March 30, 2021 – FIRST RESPONDER TECHNOLOGIES INC. ("FIRST RESPONDER" or the "Company") (CSE: WPN | OTCQB: WPNNF | FWB: 3WK) announces that its Chairman and Director Hon. Stockwell Day and Chief Executive Officer Robert Delamar and Director Bob Dameron have resigned their positions with the Company.
The Company has named Kal Malhi as CEO and Director, Michael Kelly as Director and Michael Malana will remain with the Company in his position as CFO and Director.
The newly constituted management team has initiated a process to identify, examine and consider a range of strategic alternatives available to the Company with a view to enhancing shareholder value.
Strategic alternatives may include, but are not limited to, a sale of all or a material portion of the assets of FIRST RESPONDER, either in one transaction or in a series of transactions, the outright sale of the Company, or a merger or other business combination transaction involving FIRST RESPONDER and a third party.
This strategic alternative review process has not been initiated as a result of receiving any offer and there are no assurances that a transaction will be undertaken. It is FIRST RESPONDER's current intention not to disclose developments with respect to the process unless and until the Board of Directors has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate, or as required under applicable securities laws. The Company cautions that there can be no assurances that the process will result in FIRST RESPONDER entering into a transaction or, if a transaction is undertaken, as to the terms or timing of such a transaction. The Company has not yet set a definitive schedule to complete the identification, examination and consideration of strategic alternatives.
On behalf of the Board of Directors,
Kal Malhi, CEO [email protected]
First Responder Technologies Inc.
915 - 700 West Pender Street Vancouver, BC. V6C 1G8
+1-604-227-9821
About First Responder Technologies Inc.
First Responder Technologies Inc. is a technology development company that commercializes academic and internally developed intellectual property for use in the public safety market.
For more information visit: www.firstrespondertech.com or follow us on Twitter, LinkedIn and Facebook.
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CAUTION REGARDING FORWARD-LOOKING INFORMATION Certain statements contained in this news release may constitute forward‐looking information. Forward‐looking information is often, but not always, identified by the use of words such as Forward‐looking information involves known and unknown risks, uncertainties and other factors “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. that may cause actual results or events to differ materially from those anticipated in such forward‐ in this forward‐looking information as a result of regulatory decisions, competitive factors in the looking information. The Company’s actual results could differ materially from those anticipated
industries in which the Company operates, prevailing economic conditions, changes to the Company. The Company believes that the expectations reflected in the forward‐looking Company’s strategic growth plans, and other factors, many of which are beyond the control of the be correct and such forward‐looking information should not be unduly relied upon. Any forward‐ information are reasonable, but no assurance can be given that these expectations will prove to
looking information contained in this news release represents the Company’s expectations as of or obligation to update or revise any forward‐looking information whether as a result of new the date hereof, and is subject to change after such date. The Company disclaims any intention
information, future events or otherwise, except as required by applicable securities legislation.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.