Labrador Announces Appointment of Interim CEO
Labrador Announces Appointment of Interim CEO
Calgary, Alberta - January 14, 2019 – Labrador Technologies Inc. ("Labrador" or the "Company") (TSXV:
"LTX") announces, following the passing of H. Ronald Sterne, the Company has appointed Kaan
Camlioglu, a member of the Company's advisory council, as interim Chief Executive Officer.
Mr. Camlioglu brings a diverse leadership and professional profile to the team. His career has spanned over
25 years. Over that time he has gained a deep understanding of investment valuation, risk, business planning
and project management. Mr. Camlioglu began his career at the TSX Venture Exchange (& its
predecessors) and moved on to a va riety of roles over the years including: investment banking, CFO and
board positions, enterprise risk management, corporate planning, investment acquisition and consulting.
Mr. Camlioglu has been providing overall stewardship on project planning, modelli ng, and operational
management regarding the Cannaverse App commercialization. Mr. Camlioglu worked closely with H.
Ronald Sterne in formalizing the revenue generation strategies, phased growth and development of the app
to meet corporate goals and targets.
The Company also announced today that its board of directors has approved the exploration of strategic
alternatives for the Company, to occur over the course of the next several weeks, focused on enhancing
shareholder value. There can be no assurance that this exploration process will result in any specific action.
Accordingly, the Company does not intend to make further disclosure unless and until its Board approves a
specific action or otherwise concludes the review of strategic alternatives.
About Labrador Technologies
Labrador Technologies is a Calgary, Alberta based software development firm providing map -based
innovative solutions for industries seeking a visual interpretation of financial reporting. Labrador has
expanded its vision beyond Oil & Gas data to focus on cannabis data collection and specialized reporting.
Forward-Looking Statements
Certain information in this press release may constitute forward looking information within the meaning of securities
laws. All statements, other than statements of historical fact, are statements that could be deemed forward -looking
statements, including statements containing the words " process," "expects," "explore," and other similar words. These
statements are based on the current estimates and assumptions of our management as of the date of this press release
and are subject to risks, uncertainties, changes in circumstances and other factors that may cause actual results to
differ materially from the inform ation expressed or implied by forward -looking statements made in this press release.
Examples of such statements include statements r egarding potential strategic alternatives . Given these uncertainties,
you should not place undue reliance on the forward -looking statements in this press release. The forward -looking
statements contained in this document are made as at the date of this news release and Labrador does not undertake
any obligation to update publicly or to revise any of the included forward -looking statements, whether as a result of
new information, future events or otherwise, except as may be required by applicable securities laws.
Neither the TSX Venture nor its Reg ulation Services Provider (as that term is defined in the policies of the
TSX Venture) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Kaan Camlioglu, Interim Chief Executive Officer
T: (403) 818-1091
Or
Dean Stuart
T: (403) 617-7609