VANCOUVER, BC, June 22, 2020 /CNW/ - Last Mile Holdings
Ltd. ("MILE" or the "Company") (TSXV: MILE);
(OTC: AZNVF), a leading micro-mobility company with the
broadest product suite in the industry, today announced several
updates to its leadership team, including the appointment of
veteran public company executive Kate
Marley as its CFO, effective July 6,
2020.
Marley brings nearly three decades of finance and accounting
experience to MILE, including 25 years in senior leadership roles
at various technology and consumer-centric public companies. Marley
also has an extensive background in managing successful strategic
transactions, including multiple initial public offerings (IPOs)
and mergers and acquisitions (M&A) related work. Most recently,
she served as Controller of the Engines division at Meggitt, a
multi-billion-dollar international aerospace contractor based in
the United Kingdom. Prior to that
Marley held additional Controller-level roles at Ixia, American
Homes 4 Rent, Jakks Pacific, DTS, and THQ, respectively. Marley
also previously held positions at Disney Publishing and
PricewaterhouseCoopers (PwC).
Marley received a B.S. in Accounting from Villanova University and is a Certified Public
Accountant (CPA) in the state of California.
"On behalf of the Last Mile board and leadership team, I would
like to formally welcome Kate as our new CFO," said MILE CEO
Max Smith. "Kate is a seasoned
executive with nearly 30 years of finance and accounting experience
at four different public companies. As we continue building out our
management team, we believe Kate is uniquely qualified to help us
realize our operational goals, including enhanced financial
reporting as well as driving improvements in our industry-leading
unit economics."
Separately, the Company also announced operating subsidiary
Gotcha Mobility ("Gotcha") Founder and CEO Sean Flood and COO David
Touwsma have tendered their resignations to the Company's
Board of Directors, respectively.
"Sean and David have built a great team at Gotcha, and we
are appreciative of their efforts over the
years, especially through this transition period as we
successfully integrated our two companies," added Smith.
For more information on Last Mile Holdings, visit
lastmile-holdings.com.
About Last Mile Holdings
Last Mile Holdings (TSXV:
MILE), formerly OjO Electric, is one of the largest micro-mobility
companies in the U.S., offering the broadest product suite in the
industry. Last Mile has 30 university and 50 municipal
contracted shared mobility systems under the OjO and Gotcha
brands. The acquisition of Gotcha in the first quarter of 2020
provides an expansive growth pipeline and a portfolio of products
including electric bikes, trikes, scooters, and cruisers. For more
information, visit lastmile-holdings.com.
Follow us on social:
LinkedIn: Last Mile Holdings
About Gotcha Mobility
Gotcha, a subsidiary of Last
Mile Holdings, is a shared electric mobility company dedicated to
providing innovative products and technologies that get people out
of single-occupancy cars and safely onto efficient, sustainable
micro-transit products. The company operates electric bikes,
trikes, scooters, and cruisers as transportation solutions tailored
to cities and universities across the US. Gotcha empowers
communities to lead happier, more productive lives through the
transformative power of affordable, accessible micro-transit. For
more information, visit ridegotcha.com.
Follow us on social:
Instagram: @RideGotcha
Facebook: @RideGotcha
Cautionary Statement Regarding Forward-Looking
Information
This news release includes certain
"forward-looking statements" and "forward-looking information"
under applicable Canadian securities legislation that are not
historical facts. Forward-looking statements involve risks,
uncertainties, and other factors that could cause actual results,
performance, prospects, and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Forward-looking statements in this news release include, but are
not limited to, statements with respect to: Last Mile Holdings and
Gotcha's business and prospects and the Company's objectives, goals
or future plans, including the planned deployment of its mobility
units; and the business, operations, and management of the Company.
Forward-looking statements are necessarily based on a number of
estimates and assumptions that, while considered reasonable, are
subject to known and unknown risks, uncertainties and other factors
which may cause actual results and future events to differ
materially from those expressed or implied by such forward-looking
statements. Such factors include, but are not limited to: the
ability of Company to meet its deployment targets, access to
sufficient mobility units, meeting the requirement of the permits
granted to Company, general business, economic and social
uncertainties including the impact of COVID-19; litigation,
legislative, environmental and other judicial, regulatory,
political and competitive developments; delay or failure to receive
board, shareholder or regulatory approvals; those additional risks
set out in the Company's public documents filed on SEDAR at
www.sedar.com; and other discussed in this news release.
Accordingly, the forward-looking statements discussed in this
release, may not occur and could differ materially as a result of
these known and unknown risk factors and uncertainties affecting
the companies. Although the Company believes that the assumptions
and factors used in preparing the forward-looking statements are
reasonable, undue reliance should not be placed on these
statements, which only apply as of the date of this news release,
and no assurance can be given that such events will occur in the
disclosed time frames or at all. Except where required by law, the
Company disclaims any intention or obligation to update or revise
any forward-looking statement, whether as a result of new
information, future events, or otherwise.
Reader Advisory
Neither the TSX-V nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX-V) accepts responsibility of the adequacy or
accuracy of this release.
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SOURCE Last Mile Holdings Ltd.
