Valsef Capital Responds to Appointment of New Director to Board of Redknee Solutions

MONTREAL, March 27, 2017 /CNW Telbec/ - Valsef Capital and Valsef Trading (together "Valsef" or "we") welcome the addition of Keith Graham as a director to the Board of Directors (the "Board") of Redknee Solutions Inc. ("Redknee"). Mr. Graham's independence and capital markets experience should address part of our concerns regarding Redknee's ability to meet investor expectations in terms of shareholder communication and practical independence on the part of the Board.

However, we continue to urge the Board and ESW Capital, LLC ("ESW") to replace Christy Jones and Farhan Thawar as director nominees to the Board. Their association with ESW and its related companies may create an apprehension of conflict of interest in the eyes of certain shareholders. Valsef intends to withhold its vote for the election of Christy Jones and Farhan Thawar.

 

SOURCE Valsef Capital

For further information: Mohan Plakkot, Chief Strategist, Valsef Capital Inc., Email: mohan.plakkot@valsefcapital.com, Telephone:514-995-3346, 7405 Transcanadienne, Suite 100, St.Laurent, Quebec, H4T 1Z2


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