TORONTO, Sept. 8, 2020 /CNW/ - Drone Delivery Canada Corp.
(TSXV: FLT) (OTC: TAKOF) (Frankfurt: A2AMGZ or ABB.F) (the
"Company" or "DDC") is pleased to announce the
appointment of Mr. Manish Arora as
Chief Financial Officer (CFO) of the Company, effective
September 8th, 2020.
Mr. Arora joined DDC in August
2019 as Corporate Controller and in that capacity
demonstrated successful oversight of the day to day finance,
accounting, public company reporting, and supply chain activities.
He previously served as Corporate Controller for Cardinal Health
Canada and has had prior experience in the aerospace industry with
Vector Aerospace and in the automotive industry with Martinrea
International and Magna Powertrain. Mr. Arora has over 15 years of
experience in public company financial reporting, IFRS, U.S. GAAP,
accounting, taxation, financial planning & analysis, treasury,
and ERP systems implementation in mid to large size
organizations. He led the recent implementation of the
comprehensive Oracle NetSuite financial management system within
the Company. He graduated with a Bachelor of Commerce and is
Chartered Professional Accountant (CPA, CMA) who earned his
designation in 2008.
"With the appointment of Mr. Arora to CFO, and the successfully
completed implementation of Oracle NetSuite, we are fully bringing
in-house the finance & accounting functions, which were
previously outsourced. This is a natural progression for the
Company as we mature and are now fully commercially operational and
revenue generating. Mr. Arora has had excellent success as
Corporate Controller with DDC and brings an outstanding skillset
and level of experience to perform the finance & accounting
functions going forward," said Michael
Zahra, President & CEO of DDC.
"We'd like to express our gratitude to Mr. Robert Suttie of Marrelli Support Services Inc.
for his many years of service and dedication to the Company," said
Mr. Zahra of the outgoing CFO Robert
Suttie. The Company plans to maintain an as-needed
consulting relationship with Mr. Suttie throughout the transition
About Drone Delivery Canada Corp.
Canada Corp. is a drone technology company focused on the design,
development, and implementation of its proprietary logistics
software platform, using drones. The Company's platform will be
used as a Software as a Service (SaaS) model for government and
corporate organizations globally.
Drone Delivery Canada Corp. is a publicly listed company trading
on the TSX.V Exchange under the symbol FLT, on the U.S. OTC Q B
market under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ or ABB.F .
Read more about the Company at:
www.DroneDeliveryCanada.com or on DDC's social media:
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Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
Notice Regarding Forward Looking Information
Certain information set forth in this news release may contain
forward-looking information that involves substantial known and
unknown risks and uncertainties. This forward-looking information
is subject to numerous risks and uncertainties, certain of which
are beyond the control of the Company, including, but not limited
to, the impact of general economic conditions, industry conditions,
and dependence upon regulatory approvals (both in Canada and internationally). Readers are
cautioned that the assumptions used in the preparation of such
information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward looking information. The parties
undertake no obligation to update forward-looking information
except as otherwise may be required by applicable securities
SOURCE Drone Delivery Canada