Clear Blue Technologies Welcomes Mr. Greg Ross to Board of Directors and Engages Panolia for Investor Relations Services
"I am honored to join Clear Blue's board at a critical time in the Company's evolution," stated Greg Ross. "The Company's smart off-grid technologies play an important role in sustainable, mission-critical infrastructure by reducing both emissions and costs for customers. I look forward to leveraging my past success in public and private financings, and debt restructuring as the Company enters this next phase of growth."
Mr. Ross is currently President of Big Red Management Consulting Ltd., where he provides investment advisory to various clients. He previously served as President and CEO of Foresters Asset Management prior to its acquisition by Fiera Capital Corporation (TSX: FSZ). Mr. Ross also held the same role at Aegon Capital Management and was Chief Investment Officer at Transamerica Life Canada, where he received the Lipper awards in 2012 and 2014. He holds a Bachelor of Arts in Philosophy from the University of Toronto.
In addition, Clear Blue has signed a service agreement ("Agreement") with Ontario-based Panolia Investor Relations Inc. ("Panolia"), to develop and execute a comprehensive investor relations program. The program's goal is to broaden the Company's shareholder base, manage investor communications and expectations, and provide Clear Blue with strategic capital markets advisory.
"Clear Blue is a unique company benefiting from several trends in distributed energy, satellite internet, and telecommunications infrastructure investment," stated Brandon Chow, Principal & Founder at Panolia. "With the recent restructuring completed and key commercial partnerships in place, I believe there is a compelling long-term opportunity. I am excited to help the team execute their next phase of investor relations efforts."
Pursuant to the Agreement, the Company will pay Panolia a monthly fee of $3,500, plus applicable taxes and reasonable expenses, on a month-to-month basis. The Company is at arm's length from Panolia and the costs of the activities under the Agreement are expected to be funded with cash on hand. The Agreement remains in effect until either party terminates the Agreement by providing the other party 30 days' prior written notice of termination.
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