VANCOUVER, BC, Oct. 17,
2023 /CNW/ - Principal Technologies Inc.
(the "Company") (TSXV: PTEC) (FRA: J07), is
pleased to announce it has expanded and strengthened its advisory
board by adding Joe Mullings to its
Board of Advisors.
Mr. Joe Mullings is the Chairman
& CEO of The Mullings Group Companies, including TMG Search and
Dragonfly. The search firm, with over three decades in the
industry, is responsible for more than 8,000 successful searches in
medtech/healthtech/life sciences with clients ranging from
multi-billion-dollar companies to emerging high-tech organizations
worldwide. TMG's international presence and work with over 800
companies allow them to provide solutions with the clients they
partner with across the globe. As the first search firm to
integrate media and talent access, Dragonfly was launched as a
media production company, complete with a state-of-the-art studio,
for use by clients and partners for attention and awareness.
Dragonfly is the media machine behind the 8-time Award-Winning
video docuseries, "TrueFuture," of which Joe is the host.
"I have the privilege of seeing proven healthcare technologies
across the globe and in particular in Europe and being able to share these as part
of the Principal Technologies team will provide a pathway forward
to entrepreneurs and technologies that will find their way to the
global patient and healthcare market" – Joe
Mullings, Chairman & CEO of The Mullings Group
Companies.
The Company also announces that, subject to regulatory approval,
it has granted incentive stock options to Mr. Mullings to acquire
100,000 common shares under the Company's stock option plan at a
price of C$0.15 per stock option,
exercisable for a period of ten years from the date of grant.
ON BEHALF OF THE BOARD
Jerry Trent, Chief Executive
Officer
Principal Technologies Inc.
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.
Forward-looking statements:
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of applicable
securities laws. This information and statements address future
activities, events, plans, developments and projections. All
statements, other than statements of historical fact, constitute
forward-looking statements or forward-looking information. Such
forward-looking information and statements are frequently
identified by words such as "may," "will," "should," "anticipate,"
"plan," "expect," "believe," "estimate," "intend" and similar
terminology, and reflect assumptions, estimates, opinions and
analysis made by management of the Company in light of its
experience, current conditions, expectations of future developments
and other factors which it believes to be reasonable and relevant.
Forward-looking information and statements involve known and
unknown risks and uncertainties that may cause the Company's actual
results, performance and achievements to differ materially from
those expressed or implied by the forward-looking information and
statements and accordingly, undue reliance should not be placed
thereon.
Risks and uncertainties that may cause actual results to vary
include but are not limited to the availability of financing;
fluctuations in commodity prices; changes to and compliance with
applicable laws and regulations, including environmental laws and
obtaining requisite permits; political, economic and other risks;
as well as other risks and uncertainties which are more fully
described in our annual and quarterly Management's Discussion and
Analysis and in other filings made by us with Canadian securities
regulatory authorities and available at www.sedar.com. The Company
disclaims any obligation to update or revise any forward-looking
information or statements except as may be required.
SOURCE Principal Technologies Inc.