Interbittm Files Annual Financials and Announces Change to Board of Directors
INTERBITTM FILES ANNUAL FINANCIALS AND ANNOUNCES
CHANGE TO BOARD OF DIRECTORS
For Immediate Release
Canada / London, UK May 3, 2019
INTERBIT LTD. (TSX Venture: IBIT) (the “Company”) announces that it has filed this week its
audited consolidated financial statements and Management’s Discussion and Analysis for the
year ended December 31, 2018, which can be found under the Company’s profile on SEDAR
(www.sedar.com), and which sets forth detailed operating and financial results for the Company
for 2018.
Change to Board of Directors
The Company is also pleased to announce that all resolutions presented before the Company’s
shareholders at its Annual and Special Meeting on March 25, 2019 (the “ AGM”), received
requisite approvals by shareholders of the Company. Re-elected as directors of the Company
were Brian Hinchcliffe, John Thomson, Dominic McCann and Susan Milton.
The Company announces that subsequent to the AGM, Susan Milton has made the decision to
resign from the Board of Directors in order to focus her time on other ventures and opportunities.
The Board of Directors of the Company would like to express its gratitude to Ms. Milton for her
contributions to the Company and wish her well in her future pursuits.
The Company is pleased to announce that Robert Suttie, the Chief Financial Officer of the
Company, has been appointed to the Board of Directors to replace Ms. Milton. Mr. Suttie
possesses more than twenty years’ experience in financial services, including over ten years in
public accounting, specializing in management advisory, accounting, and financial disclosure. His
public company experience includes preparation of financial statements, initial public offerings,
business combinations and asset carve-outs, and spin-out transactions. He serves as Chief
Financial Officer to a number of companies listed on the TSX and TSX Venture exchanges, is a
director of Rupert Resources Ltd. and currently manages the financial reporting team at Marrelli
Support Services Inc.
ABOUT THE COMPANY
The Company is a technology platform provider listed on the TSX Venture Exchange and
operating from both Canada and the UK with offices in Calgary and London.
For further information please contact:
Dominic McCann, CEO
Phone: +1 855 256 5246
Email: [email protected]
Website: www.interbit.io
TM
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CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
Certain statements in this release are forward-looking statements, which include further
development of the Company’s business relationships and business and the timing, development.
launch and success of the Company’s technologies and products, and other matters. Forward-
looking statements consist of statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the future. Such information can
generally be identified by the use of forwarding-looking wording such as “may”, “expect”,
“estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar
variations. Readers are cautioned not to place undue reliance on forward-looking statements, as
there can be no assurance that the plans, intentions or expectations upon which they are based
will occur. By their nature, forward-looking statements involve numerous assumptions, known and
unknown risks and uncertainties, both general and specific, that contribute to the possibility that
the predictions, estimates, forecasts, projections and other forward-looking statements will not
occur. These assumptions, risks and uncertainties include, among other things, the state of the
economy in general and capital markets in particular, the development of competitive
technologies, the marketplace acceptance of the Company’s technologies and products, as well
as those risk factors discussed or referred to in the Company's annual Management's Discussion
and Analysis for the year ended December 31, 2018 available at www.sedar.com, many of which
are beyond the control of the Company. Forward-looking statements contained in this press
release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this
press release. Except as required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Additionally, the Company undertakes no obligation to
comment on the expectations of, or statements made by, third parties in respect of the matters
discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.