Katipult Announces Addition of Karim Teja as CFO

VANCOUVER, Jan. 26, 2018 /CNW/ - Katipult Technology Corp. (TSXV:FUND), an industry leading and award-winning fintech company,  is pleased to announce the appointment of Karim Teja (CPA, CGA) as the Company's Chief Financial Officer (CFO). Mr. Teja has assumed the position effective January 24th, 2018.

With a reputation for creative, high-energy leadership focused on the growth of dynamic companies, Mr Teja regularly draws upon his broad global experience and sophisticated knowledge of capital markets, finance, accounting and regulatory matters to deliver unique solutions to complex issues. With more than 15 years of diversified financial business experience, Mr Teja has held senior positions in rapidly growing technology companies in the medical, environmental and financial sectors. Recognized for his integrity, financial expertise, strong negotiating skills, and meeting fiduciary obligations to Board of Directors and shareholders, Mr Teja is a strong addition to the Company management.

"Karim is a tremendous addition to the Katipult team and we are excited to work closely with him," says Brock Murray CEO, Katipult. "His wide-ranging experience in both public and private capital markets, proven track record, and transformational vision will be an asset to the company as we experience an expected period of high growth".

"I am excited to be joining Katiput at an opportune time for the company. Katipult's product fills a significant void in fintech compliance, and there is a great need for that capability in the burgeoning crypto and blockchain space," stated Mr. Teja "I am convinced that regulations around these financings will tighten resulting in a large opportunity and rapid adoption of Katipult's compelling offering."

The Board thanks Anthony Jackson, who now steps down as an officer, for his role in acting as the Company's CFO since August 2017.

About Katipult
Katipult (www.katipult.com) is a financial technology (FinTech) company offering proprietary, cloud-based software infrastructure on a white label basis that allows client firms to design, set up, and operate their own branded investment platform across multiple distribution channels - including web, mobile, and social media. Businesses deploying the Katipult platform are operating in over 20 regulatory environments to grow investor networks, efficiently manage investors, and streamline deal-flow administration in the areas of equities, debt and real estate.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the integration of blockchain technologies constitute forward-looking statements.  In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company will be able to successfully incorporate blockchain technology.  Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements.  Such risk factors may include, among others, the Company will not be able to successfully integrate blockchain technology.   Readers are cautioned not to place undue reliance on forward-looking statements.  The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Katipult Technology Corp.

Katipult Technology Corp., Brock Murray, CEO, [email protected], 587-393- 3981; Virtus Advisory Group Inc., Investor Relations, [email protected], 416-644-5081