TORONTO, Oct. 6, 2023
/CNW/ - Pluribus Technologies Corp. ("Pluribus" or the
"Company") (TSXV: PLRB) today announced the appointment of
Bill Kostenko as an independent
director to its board of directors (the "Board") and the
resignation of Elmer Kim due to
personal reasons. Mr. Kostenko, who previously served as chairman
at Pluribus when it was founded, will now resume as the chair of
the board, replacing Mr. Kim.
With over 30 years of experience in investment, advisory, and
operational roles across multiple industries, Mr. Kostenko's focus
of his professional career has evolved to collaborating with expert
teams to lead investments and oversee company acquisitions and
growth in the US and Canada.
Having held esteemed positions such as CFO and CEO in prominent
companies, Mr. Bill Kostenko has
garnered extensive experience and expertise. Today, his central
focus remains to identify exceptional companies and teams to
collaborate with, driving the development and sustainability of
long-term, thriving businesses.
Mr. Richard Adair, Chief
Executive Officer and Director, commented "We are thrilled to
welcome back Bill Kostenko to our
Board. His experience and expertise, gleaned from leadership roles
at Kinperium Industries and Beringer Capital, will be instrumental
in guiding our strategic approach." He continued, "We also want to
thank Elmer for his contributions to the Board over the last 3
years. We have been the benefactor of Elmer's passion for
Pluribus."
Mr. Bill Kostenko commented "I am
thrilled to be joining Pluribus' Board at this incredibly exciting
time in the Company's development. I have worked with Richard in
the past, achieving notable successes together. I look forward to
collaborating with the Board and management as the Company advances
its strategic growth plans."
Mr. Elmer Kim commented "During
my tenure as a director, I have enjoyed working with the management
team at Pluribus to grow its business both through acquisitions and
organically. As I step away to pursue other opportunities, I remain
a supporter and believer of the Company and will continue to wish
for Pluribus' continued success."
About Pluribus Technologies
Corp.
Pluribus is a technology company that is a value-based acquirer
of small, profitable business-to-business technology companies in a
range of verticals and industries. Pluribus provides its
acquisitions access to experienced sales and marketing resources,
strategic partnership opportunities, a diverse portfolio of
customers in different geographical markets and enabling
technologies to create new revenue streams and provide the
opportunity for these companies to grow in their respective
markets. For more information, please visit:
pluribustechnologies.com.
Caution Regarding Forward-Looking
Information
Certain information in this press release constitutes
forward-looking statements under applicable securities laws. Any
statements that are contained in this news release that are not
statements of historical fact may be deemed to be forward-looking
statements. Forward-looking information in this press release
includes, but is not limited to, statements with respect to the
business plans of the Company, including the successful completion
and pace of future acquisitions, the Company management's
expectation on the growth, profitability, and performance of its
current and future acquisitions, the Company's ability to continue
acquiring business-to-business technology companies at reasonable
prices and the Company's ability to grow its portfolio companies
into significant organizations. Forward-looking statements are
often identified by terms such as "may," "should," "anticipate,"
"expect," "potential," "believe," and "intend" or negatives of
these terms and similar expressions.
Forward-looking statements are based on certain assumptions,
including the Company's ability to complete acquisitions on
favourable terms, the Company's ability to manage a complex
portfolio of companies effectively, the Company's ability to scale
its management team to support a rapid pace of growth; the
Company's ability to raise sufficient financing to continue the
pace of its acquisition strategy; and the Company's ability to
maintain its rapid pace of growth. Other assumptions include
industry trends, the availability of growth opportunities, and
general business, economic, competitive, political, regulatory, and
social uncertainties that will not prevent the Company from
conducting its business. While the Company considers these
assumptions reasonable based on currently available information,
they are inherently subject to significant business, economic, and
competitive uncertainties and contingencies and may prove
incorrect. Forward-looking information speaks only to such
assumptions as of the date of this release.
Forward-looking statements also necessarily involve known and
unknown risks, including, without limitation, risks associated with
general economic conditions, including the COVID-19 pandemic,
adverse industry events, marketing costs loss of markets, future
legislative and regulatory developments, the inability to access
sufficient capital on favourable terms, the Company's limited
operating history, ability to complete favourable acquisitions, the
technology industry in Canada and
internationally, income tax and regulatory matters, the ability of
the Company to execute its business strategies, including the
ability manage a complex portfolio of companies effectively,
competition, currency and interest rate fluctuations, and other
risks.
Readers are cautioned that the foregoing is not exhaustive.
Readers are further cautioned not to rely on forward-looking
statements as there can be no assurance that the plans, intentions,
or expectations upon which they are placed will occur. Although
considered reasonable by management during preparation, such
information may prove incorrect, and actual results may differ from
those anticipated. Forward-looking statements are not guarantees of
future performance. The purpose of forward-looking information is
to provide the reader with a description of management's
expectations, and such forward-looking information may not be
appropriate for any other purpose. Except as required by law, the
Company disclaims any obligation to update or revise any
forward-looking statements, whether as a result of new information,
events, or otherwise. This cautionary statement expressly qualifies
forward-looking statements in this news release.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this press
release.
For Further Information, Contact:
Richard Adair
Chief Executive Officer
Pluribus Technologies Corp.
Phone: 1 (800) 851-9383
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SOURCE Pluribus Technologies Corp.