OTTAWA, Feb. 16, 2018 /CNW/ - Leonovus Inc. ("Leonovus") (TSXV: LTV) is pleased to announce that Christopher Benk, CPA, CA, CBV has joined as VP Finance and Chief Financial Officer on February 12, 2018.
Chris is a Chartered Professional Accountant, Chartered Accountant, and Chartered Business Valuator with more than seventeen years of corporate financial experience with both large multinationals and early stage/development organizations, public and private, in a variety of industries with companies such as NAV CANADA, New Millennium Iron Corp., Merck, CGI Group and PricewaterhouseCoopers LLP, as well as twelve years of teaching experience at the undergraduate and graduate levels with Concordia and McGill Universities and the University of Ottawa.
"For the last several years I have invested in cryptocurrencies and blockchain related companies such that I have an appreciation for Leonovus and its product offering. What attracted me to Leonovus was the fact that, unlike many other blockchain companies, our applications truly take advantage of the blockchain technology for real utility with ultra secure data storage split between multiple cloud platforms plus compliance and significant ROI", said Christopher Benk, VP Finance and CFO.
"Chris is a welcome addition to the management team and will add significant value to our financial planning and controls. Moreover, his personal interest and knowledge of cryptocurrencies and blockchain will help uș plan our future technologies. Over the past several years Dan Hilton haș been the acting CFO, on part time basis, through some difficult and challenging times. Dan helped uș get to where we are today and the Shareholders and the Board owe Dan tremendous gratitude for stepping up when Leonovus needed him. Dan continues to be an active member of our board of directors", said Michael Gaffney, Chairman and CEO.
Leonovus is a software solutions provider that offers the leading blockchain hardened software-defined object storage solution (SDOSS) and governance, risk management and compliance ('GRC') solution for the modern enterprise. Designed with the IT manager in mind, Leonovus' patented algorithms virtualize, transform, slice and disperse data across a network of on-premises, hybrid or multi-cloud storage nodes – allowing for the most secure yet internally accessible form of object-based data storage that provides governance, risk-management, and compliance across the entire solution. The advanced geo-distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and meets data sovereignty requirements. With its software and hardware agnostic design, Leonovus provides Petabyte scalability and allows the enterprise to utilize its existing idle storage resources, extend the useable lifespan of depreciated resources and improve the enterprise's overall ROI. To learn more, please visit www.leonovus.com.
This press release may contain forward-looking statements and information, which may involve risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Factors that might cause a difference include, but are not limited to, competitive developments, risks associated with Leonovus' growth, the state of the financial markets, regulatory risks and other factors. There can be no assurance or guarantees that any statements of forward-looking information contained in this release will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral statements containing forward-looking information are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Unless otherwise required by applicable securities laws, Leonovus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers should not place undue reliance on any statements of forward-looking information that speak only as of the date of this release. Further information on Leonovus' public filings, including its most recent audited consolidated financial statements, are available at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LeoNovus Inc.
For further information: Investor Relations: George Aizpurua, Tel: 647-500-2389/416-742-5600