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AMPD Ventures Announces Board of Directors Transition and Appointment of Interim CEO
Monday, June 26, 2023Company Profile | Follow Company
Vancouver, BC, June 26, 2023--(T-Net)--AMPD Ventures Inc. (CSE: AMPD), a company addressing the opportunity represented by the new era of digital content creation and distribution, today announced that Markus Windelen has stepped down as a member of the board of directors of AMPD.
In addition, the Company announced the appointment of Anthony Brown, Co-Founder and Chairman of the Board, as the Interim Chief Executive Officer (CEO) of AMPD Ventures Inc., effective immediately.
Mr. Windelen has served as a member of the board of directors since 2018, and his contributions and insights have played a significant role.
The Company said in a release that it "expresses its sincere gratitude for Mr. Windelen's dedication and service to the organization and wishes him the best in his future endeavours".
AMPD reported that it continues to explore structural changes while taking significant steps to reduce the burn, focus on the current growth opportunity with Departure Lounge, and secure additional funding.
Anthony Brown, Co-founder, and Chairman, has stepped into the role of interim CEO. Anthony has maintained ongoing involvement since originally stepping down as CEO and has been working diligently on identifying potential investors to secure the additional funding needed.
Anthony Brown, Interim CEO, AMPD Ventures Inc.
"I have taken on the interim CEO role and am committed to getting the Company through the current crisis," commented Anthony Brown. "I have been working to secure interest in potentially funding AMPD through strategic investors who see the value in the Company. I look forward to working closely with our talented team to execute on our strategic initiatives and navigate the Company through these challenging times, to create value for our shareholders."
The board of directors is currently conducting a comprehensive search for a permanent CEO, and Mr. Brown will serve as Interim CEO until a suitable candidate is identified. The Company remains committed to executing its strategic objectives and enhancing its market position during this transition.
About AMPD Ventures Inc.
AMPD Ventures Inc. is a Canadian public Company (CSE: AMPD | OTCQB: AMPDF | FRA: 2Q0) assembling a portfolio of synergistic subsidiaries to advance the way we create, distribute, and consume digital content. We aim to build the world's most advanced, sustainable range of infrastructure, technologies, and creative services for the new era of immersive content experiences.
The AMPD portfolio is currently comprised of AMPD Technologies Inc. (http://www.ampd.tech), offering edge-based hosting solutions, and Departure Lounge Inc. (http://www.dlxr.ca), focused on next-generation media production and creative services.
Across the portfolio, AMPD Ventures works with leading partners and customers such as Advanced Micro Devices Inc. (NASDAQ: AMD), Epic Games, Inc., Equinix, Inc. (NASDAQ: EQIX), Hammerspace Inc., HTC Corp (TPE: 2498), Intel Corporation (NASDAQ: INTC), NVIDIA Corporation (NASDAQ: NVDA), OpenStack, and Versatile Media.
Additional information about the Company is available on SEDAR and our website at http://www.ampd.tech.
Forward Looking Statements This news release contains statements and information that constitute "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of our management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances and at the date that such statements are made, but which may prove to be incorrect. Forward looking information in this news release includes statements about management's intended use of the proceeds of the Private Placement, and management's ability to complete the Acquisition, and management's plans to accelerate the rollout of AMPD's High-Performance Edge computing environments around the world, and any other statements that are not statements of historical fact. [ MORE ] |
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