Voleo Appoints Glen Wilson, Voleo Director as Interim CEO
Voleo Appoints Glen Wilson, Voleo Director as Interim CEO
January 29, 2020
VANCOUVER, CANADA, Voleo Trading Systems Inc. (TRAD: TSX-V, VLEOF: OTC-QB) (“Voleo”,
the “ Company”), is pleased to announce the appointment of Glen Wilson as In terim CEO. Thomas
Beattie will remain CCO of Voleo USA Inc and provide transition support to Voleo and its new leadership.
Glen Wilson, currently a board director and the founding CEO of Voleo will return until the search for a
new US based CEO is completed. Glen has a wealth of operating, technical and strategic experience
from his 25 years in the telecommunication’s industry. Glen was responsible for setting up and directing
the National Client Service Management organisation supporting the top clients for one of Canada’s Tier
1 telecommunication companies. He also has extensive experience in strategic planning and execution.
Glen has invested in every round supporting Voleo as a founding shareholder. Glen says “I’m excited to
take a more active role in Voleo once again. It’s great to see that Voleo, after years of development, has
cleared all the legal, regulatory and technical hurdles and is now entering the growth stage. As a lead
investor that has invested in every round, I look forward to dr iving the execution of Voleo’s strategy and
opening up the potential of this truly world class investing ap p. Thanks to Thomas and the Voleo team,
Voleo’s award winning and innovative social investing software is quickly becoming America’s premier
investment club app.”
Thomas Beattie explained, “Over the past five years, Voleo has designed and delivered a best-in-class
social trading platform designed for retail investors. The Company’s subsidiary Voleo USA Inc became a
FINRA member and realized organic asset growth on its platform which demonstrated demand for its
solution, and after our first campaign with Google, Voleo’s registered user base nears ten thousand. The
Company has patents pending on the formation and operation of investment clubs, and is now finalizing
a responsive web app that will see the launch of Voleo Teams, a s well as support collaboration with
financial institutions who can embed social investing tools within their existing apps.”
Mark J. Morabito, Voleo’s Executive Chairman commented, “We tha nk Tom Beattie for a job well done
building out the app and clearing regulatory hurdles to make Vo leo the only social trading app fully
licensed and regulated in all 50 US states. We are pleased to have Glen, a Voleo veteran, be able to step
into the role until our search for a new US based CEO is complete.”
Thomas added, “With this appointment Voleo is in a much stronger position to realize its potential. As an
experienced business leader who has been with the Company since its formation, Glen is ideally
positioned to oversee a transition of the management team as the business shifts from development and
initial launch to growth.”
About Voleo Trading Systems Inc.
Voleo is a mobile fintech company that is transforming the reta il investing space through its powerful,
collaborative investing platform. Voleo's equity trading platfo rm operates on native iOS and Android
devices, as well as a companion web application. Voleo has increased retail investor participation in the
stock market by breaking down barriers to entry, facilitating t rust and improving financial literacy. The
product is being white-labeled by financial institutions around the world as an innovative product to
engage, retain and acquire retail customers.
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About Voleo USA, Inc.
Voleo USA, Inc is a member of Financial Industry Regulatory Authority (FINRA) and Securities
Investor Protection Corporation (SIPC). Security products are not FDIC insured, not bank
guaranteed, and will fluctuate in value. We do not solicit, recommend, or offer investment advice.
Check the background of Voleo USA, Inc. on FINRA's BrokerCheck.
For more information on Voleo, please visit our Investor Relations website at ir.myvoleo.com.
ON BEHALF OF THE VOLEO BOARD
“Glen Wilson”
Interim Chief Executive Officer
Voleo is part of the King & Bay group of companies. King & Bay is a merchant
bank that specializes in identifying, funding, developing and s upporting growth
opportunities in the technology, resource, aviation, and sectors.
For further information regarding this press release, please contact:
Voleo Investor Relations
1-866-684-6730
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking statements and forward-looking information (collectively referred to herein
as "forward-looking statements") within t he meaning of applicable Canadian securities la ws. Such forward-looking statements rel ate to future
events or Voleo Trading Systems Inc’s (the “Company”) future performance and the integration of cryptocurrency trading. All sta tements other
than statements of historical fact may be forward-looking statem ents. Such forward-looking statements are often, but not always , identified by
the use of words such as "seek", "anticipate", "budget", "plan" , "continue", "estimate", "expect", "forecast", "may", "will", " project", "predict",
"potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve kno wn and unknown
risks, uncertainties and other factors that may cause actual resu lts or events to differ materially from those anticipated in s uch forward-looking
statements. Voleo believes the expectations reflected in those forward-looking statements are reasonable but no assurance can b e given that
these expectations will prove to be correct and such forward-looking statements included in this release should not be unduly relied upon. These
forward-looking statements speak only as of the date of this release, or as of the date specified in the documents incorporated by reference into
this release, as the case may be. In particular, this release contains forward-looking statements pertaining, but not limited to: expectations as to
future operations of the Company, future market trends, growth op portunities, the Company’s go to market strategy, future partn erships, new
initiatives and innovations of the Company, product offerings, the expected operations and performance of the Company’s business, expected
user growth, and the timing of key development milestones.
With respect to forward-looking statement s contained in this release, the Company has made assumptions regarding, among other t hing: the
accuracy, reliability and applicability of t he Company’s business model; the timely receipt of governmental approvals, includin g the receipt of
approval from regulators in Canada and the United States; the ti mely commencement of operations by the Company and the success of such
operations; the ability of the Company to implement its business plan as intended; the legislative and regulatory environments of the jurisdictions
where the Company will carry on business or have operations; the impact of competition; and the availability of financing to execute the business
plan. The Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release in
order to provide investors with a more complete perspective on the Company’s current and future operations and such information may not be
appropriate for other purposes.
The live Voleo platform is currently limited to U.S. residents. Investors should be aware that investing through clubs requires that members of a
club vote in accordance with the conditions of their respective partnership agreemen ts, and that other factors including platfo rm performance,
execution price, order and account access ti mes are affected by many factors, includi ng connectivity, market volatility, the si ze and type of
order(s), market conditions, system performance, and other factors. Investors should carefully consider the risk profile of ETFs before investing
in them, and read the prospectus from the issuer before inve sting in an ETF. Penny stocks may trade infrequently, which means t hat it may be
difficult to sell penny stock shares once you own them. Moreover, because it may be di fficult to find quotations for certain pe nny stocks, they
may be difficult, or even impossible, to accurately price. For these, and other reasons, penny stocks are generally considered speculative
investments. Consequently, investors in penny stocks should be prepared for the possibility that they may lose their whole investment.
Readers are cautioned that the foregoing lists of factors are not exhaustive and it would be unreas onable to rely on any such f orward-looking
statements and information as creating any legal rights, that the statements and information are not guarantees and may involve known and
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unknown risks and uncertainties, and that actual results may differ (and may differ materially) and objectives and strategies may differ or change
from those expressed or implied in the forward-looking statements or information as a result of various factors. The forward-looking statements
contained in this release are expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company is
not under any duty and do not undertake any obligation to publicly update or revise any forward-looking statements after the date of this release
or to conform such statements to actual results or to changes in the Company’s expectations and the Company disclaims any intent or obligation
to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Vent ure Exchange) has reviewed
or accepts responsibility for the adequacy or accuracy of this release.