Greenlite Executes Agreement with
Chief Financial Officer
Boca Raton, FL -- January 12, 2023 -- InvestorsHub NewsWire --
Greenlite Ventures, Inc. (OTC
Pink: "GRNL") has announced the signing of an Agreement to make
Matthew Cohen its acting Chief Financial Officer, a position that
will be further solidified as GRNL becomes a fully reporting
registrant to the SEC. Mr. Cohen's responsibilities will include
managing all financial reporting needed for the Company to become a
fully reporting registrant. This includes but is not limited to
annual audits and financial statements utilizing the appropriate
forms to be filed with the SEC. He will also review all
financial data incorporated within certain SEC forms that are
required filings, and oversee the preparation of the accounting
reports required for the preparation of audited statements.
Mr. Cohen will also be managing the development of operational and
accounting processes and procedures.
The following bio is taken directly from an 8-K filing for Stem
Holdings, Inc:
"Matthew Cohen co-founded Stem Holdings, Inc. in 2016 and has been
an independent consultant to Stem Holdings, Inc. the last five
years. Currently, Mr. Cohen serves as Chief Executive Officer and
Chief Financial Officer.
Mr. Cohen has over 38 years of experience serving in corporate
leadership roles, investing capital, structuring, and funding
public/private partnerships, and providing strategic advisory
services to companies throughout the U.S., Europe, Asia and Latin
America. Specifically, Mr. Cohen has held the titles of Chief
Executive Officer, Chief Operating Officer, Chief Financial Officer
and Chief Recovery Officer, President, Vice President, and
Secretary and has extensive experience in business combinations and
valuations, mergers and acquisitions, reverse mergers, revenue
recognition, equity-based compensation, initial public offerings,
secondary offerings, debt offerings and REIT compliance. He is also
knowledgeable in the requirements of the Sarbanes-Oxley Act of
2002, including internal controls and Section 404, as well as the
significant issues facing SEC registrants.
Mr. Cohen, as well as being an c-suite officer, has also served on
many publicly traded company boards as well as Chairman of Audit
Committee's for several companies across a variety of industries
including diagnostic services, aerospace, benefits and services
company, consumer retail, biotech and previously worked in the
Investment Banking Division at Oppenheimer as an Analyst. Mr. Cohen
has a B.B.A. degree in Accounting from New Paltz State University,
New York earned in 1980 and in that same year, was the recipient of
the school's annual scholar athlete award. Mr. Cohen is a member of
the AICPA."
About Greenlite
Ventures
On October 27, 2022, INET Merger Advisors, Inc. purchased the
controlling interest in Greenlite Ventures, Inc. ("GRNL", "the
Company"). On December 26th, 2022, the Company executed an LOI with
a licensing company that has ongoing business relationships with
most of the top professional sports leagues as well as several
iconic brands and athletes. The companies have targeted an early to
mid-March closing pending due diligence and the successful
completion of audited financial statements. GRNL is actively
negotiating additional business combinations and celebrity signings
to grow its podcasting, licensing, merchandising, and branding
operations.
Safe Harbor Statement
This press release contains "forward-looking statements," defined
in United States Private Securities Litigation Reform Act
of 1995, involving risks and uncertainties. There's no
assurance such statements will prove to be accurate. Actual results
and future events could differ materially from management's current
expectations. Economic, competitive, governmental,
technological, and factors identified in company's previous filings
with Securities and Exchange Commission may cause actual results or
events to differ materially from those described in forward-looking
statements in this release. Company undertakes no obligation
to publicly update or revise any forward-looking statements,
whether resulting from new information, future events, or
otherwise.
Media Contact: Jeff
DeForrest 954 288 4725