CUEN - Cuentas Announces Management Changes and Appoints New Financial Officer
19 10월 2023 - 9:30PM
Cuentas, Inc. (Nasdaq: CUEN & CUENW), the developer of an
alternative financial ecosystem for the underbanked, proudly
announces significant management changes to fortify its foundation
for future growth. The company’s latest move involves the
appointment of Mr. Shlomo Zakai as Chief Financial Officer and Mr.
Adiv Baruch as Strategic Business Officer.
Mr. Zakai's appointment follows closely on the
heels of Cuentas' recent announcement regarding its planned
acquisition and the imminent launch of innovative services in
targeted markets. This strategic shift underscores Cuentas'
commitment to enhancing its business verticals and revenue
streams.
Bringing a wealth of experience in the financial
sector and an impressive track record in publicly traded companies
on the Nasdaq Stock Market and in OTC Markets, Mr. Zakai has
previously served in roles identical to his new position. His
background includes tenure as an accountant at Kost, Forer, Gabbay
& Kasierer, an independent registered public accounting firm
and a member firm of Ernst & Young Global. He worked
extensively with technology companies that were publicly traded on
the Nasdaq Stock Market and the Tel Aviv Stock Exchange. His
academic qualifications include a B.A. in accounting from the
College of Management in Rishon Le’Zion, Israel.
Mr. Zakai's extensive experience in multiple
industries, his in-depth knowledge of the public market, and his
financial expertise were critical factors in senior management's
decision to endorse and oversee Cuentas' planned expansion.
Simultaneously, Cuentas is pleased to announce
the appointment of Mr. Adiv Baruch as the Strategic Business
Officer. Mr. Baruch has dedicated over five years to the company,
having served as a Board Member and held multiple committee
positions. During his tenure as an independent director, he
actively facilitated Mr. Zakai’s involvement. His wealth of
experience, entrepreneurial skills, and strong foundation in
technology will undoubtedly contribute to the current growth and
future expansion of Cuentas.
FOR IMMEDIATE RELEASE
About Cuentas
Cuentas, Inc. (Nasdaq: CUEN & CUENW) is
creating an alternative financial ecosystem for the growing global
population who do not have access to traditional financial
alternatives. The Company’s proprietary technologies help to
integrate FinTech (Financial Technology), e-finance and e-commerce
services into solutions that deliver next generation digital
financial services to the unbanked, under-banked and underserved
populations nationally in the USA. The Cuentas Platform integrates
Cuentas Mobile, the Company’s Telecommunications solution, with its
core financial services offerings to help entire communities enter
the modern financial marketplace. Cuentas has launched its General
Purpose Reloadable (GPR) Card, which includes a digital wallet,
discounts for purchases at major physical and online retailers,
rewards, and the ability to purchase digital content. In Q1 of 2023
Cuentas launched Cuentas Casa, an alternative housing development
initiative that secured a 10-year supply agreement for a patented,
sustainable building system that will provide the bridge between
its technology solutions and the affordable housing market. Cuentas
has made investments to date in affordable housing projects for
over 450 apartments. LINK: https://cuentas.com
AND https://cuentasmobile.com
Forward-Looking Statements
This news release contains "forward-looking
statements," as that term is defined in section 27a of the United
States Securities Act of 1933, as amended, and section 21e of the
United States Securities Exchange Act of 1934, as amended. These
forward-looking statements involve substantial uncertainties and
risks and are based upon our current expectations, estimates and
projections and reflect our beliefs and assumptions based upon
information available to us at the date of this release. We caution
readers that forward-looking statements are predictions based on
our current expectations about future events. These forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties and assumptions that are difficult to
predict. Our actual results, performance or achievements could
differ materially from those expressed or implied by the
forward-looking statements as a result of a number of factors,
including, but not limited to, Nasdaq and shareholder approval of
the proposed transaction, our ability to manage our research and
development programs that are based on novel technologies, our
ability to successfully integrate WHEN operations and product
offerings, the sufficiency of working capital to realize our
business plans and our ability to raise additional capital, market
acceptance, the going concern qualification in our financial
statements, our ability to retain key employees, our competitors
developing better or cheaper alternatives to our products, risks
relating to legal proceedings against us and the risks and
uncertainties discussed under the heading "RISK FACTORS" in Item 1A
of our Annual Report on Form 10-K for the fiscal year ended
December 31, 2022, and in our other filings with the Securities and
Exchange Commission. We undertake no obligation to revise or update
any forward-looking statement for any reason.
Investor Relations
Cuentas, Inc.800-611-3622info@cuentas.com
SOURCE: Cuentas, Inc.
Cuentas (NASDAQ:CUENW)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Cuentas (NASDAQ:CUENW)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024