TORONTO and BEIT SHEAN,
Israel, June 8, 2021 /CNW/ - K.B. Recycling
Industries Ltd., conducting business as Alkemy
(www.alkemy.solutions) ("Alkemy" or, the "Company")
(TSXV: AKMY) (TSXV: AKMY.WT), an innovative plastics recycling
company, announces it has nominated Mr. Noah Hershcoviz to its
Board of Directors to support Alkemy's M&A strategy, investor
relations approach and corporate governance.
Mr. Hershcoviz is a capital market specialist with a successful
track record leading and executing strategic transformation
projects and complex transactions with over 12 years of experience
with fast-growing companies and executing roles improving
operational performance. Mr. Hershcoviz Co-founded ALabs Finance
& advisory, is a CPA and attorney of law, holds a BA and LLB
from the IDC Herzeliya.
Shmulik Porre, Alkemy's CEO
stated that: "Noah has been a very dedicated advisor to the company
for its Canadian listing and ongoing M&A efforts. We trust his
experience and judgment in capital markets matters. We are happy he
agreed to join us to implement our business goals."
Mr. Hershcoviz commented on his appointment saying: "Very few
companies aim to save the world. Alkemy is one of those rare
enterprises that have the chance to make a real difference while
maximizing shareholders' value beyond measure. I love the unique
potential of the company and the spirit of its leadership. I am
looking forward to our mutual cooperation."
About Alkemy (K.B. Recycling Industries Ltd.)
Alkemy is an environmental technology company based in
Israel that has developed a unique
plastic recycling process for plastic bags and sheets traditionally
not considered economically viable for recycling, and as such, have
become one of the largest plastic pollutants in the world. Alkemy
employs a dynamic one-step process that does not require separate
recycling and production plants. Alkemy's process includes both
recycling and finished product manufacturing in a single process
called "waste-to-product", allowing Alkemy to reduce the cost of
the recycled plastic as raw materials, and increase the profit
margin per metric ton.
Forward-Looking Information
This press release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
information") within the meaning of applicable securities laws.
Forward-looking information may relate to the Company's future
financial outlook and anticipated events or results and may include
information regarding the Company's financial position, business
strategy, growth strategies, addressable markets, budgets,
operations, financial results, taxes, dividend policy, plans and
objectives. Particularly, information regarding the Company's
expectations of future results, performance, achievements,
prospects or opportunities or the markets in which the Company
operates is forward-looking information. In some cases,
forward-looking information can be identified by the use of
forward-looking terminology such as "plans", "targets", "expects",
"budgets", "scheduled", "estimates", "outlook", "forecasts",
"projects", "prospects", "strategy", "intends", "anticipates",
"believes", or variations of such words and phrases or statements
that certain actions, events or results "may", "could", "would",
"might", or "will" occur. In addition, any statements that refer to
expectations, intentions, projections or other characterizations of
future events or circumstances contain forward-looking information.
Statements containing forward-looking information are not
historical facts but instead represent management's expectations,
estimates and projections regarding future events or circumstances.
The forward-looking information contained herein includes, but is
not limited to, information related to the completion of the
Offering and the listing of the securities of the Company on the
TSX Venture Exchange.
Forward-looking information is necessarily based on a number of
opinions, estimates and assumptions that, while considered by the
Company to be appropriate and reasonable as of the date of this
press release, are subject to known and unknown risks,
uncertainties, assumptions and other factors that may cause the
actual results, level of activity, performance or achievements to
be materially different from those expressed or implied by such
forward-looking information, including but not limited to, risks
and uncertainties associated with market conditions and the
satisfaction of all applicable regulatory requirements, as well as
risks and uncertainties associated with the Company's business and
finances in general.
If any of these risks or uncertainties materialize, or if the
opinions, estimates or assumptions underlying forward-looking
information prove incorrect, actual results or future events might
vary materially from those anticipated in forward-looking
information. The opinions, estimates or assumptions referred to
above and the risk factors described in the "Risk Factors" section
of the MD&A of the Company dated April
30, 2021 should be considered carefully.
Although the Company has attempted to identify important risk
factors that could cause actual results to differ materially from
those contained in forward-looking information, there may be other
risk factors not presently known to the Company or that the Company
presently believes is not material that could also cause actual
results or future events to differ materially from those expressed
in such forward-looking information. There can be no assurance that
such information will prove to be accurate, as actual results and
future events could differ materially from those anticipated in
such information. Accordingly, readers should not place undue
reliance on forward-looking information, which speaks only as of
the date made. Forward-looking information contained in this press
release represents the Company's expectations as of the date of
this press release (or as of the date they are otherwise stated to
be made), and are subject to change after such date. The Company
disclaims any intention or obligation or undertaking to update or
revise any forward-looking information whether as a result of new
information, future events or otherwise, except as required under
applicable securities laws.
Neither 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.
SOURCE K.B. Recycling Industries Ltd.