MONTREAL, June 21, 2016 /CNW Telbec/ - EXO U Inc. ("EXO U"
or the "Corporation") (TSX Venture: EXO) today announced that Chief
Executive Officer, Kevin Pawsey, has
resigned as Chief Executive Officer of the Corporation effective
July 12, 2016 in order to spend more
time with his family. Jim Kirchner,
currently Senior Vice President of Business Development of EXO U,
will succeed Mr. Pawsey as Chief Executive Officer upon Mr.
Pawsey's departure. Mr. Pawsey will remain a director of the
Corporation.
Mr. Pawsey, who joined the Corporation in August, 2015 as Chief
Operating Officer, was promoted to Chief Executive Officer in
October, 2015. In his time with EXO U, Mr. Pawsey led the
Corporation in bringing Ormi and Ormiboard to market, hiring an
exceptional management team and setting the stage for the
Corporation's future success.
"I believe we have come a long way in the last year with the
launch of Ormi in January, with the recently announced Ormiboard at
Infocomm2016 and with Ormi U (our higher Education offering)
nearing completion," said Mr. Pawsey. "I will continue to deal
directly with Tyton Partners in accomplishing the objectives set
out in our recently announced strategic agreement and will attend
ITSE on behalf of the Corporation later this month to continue
driving market awareness and demand for EXO U's products with
teachers. Since joining EXO U, Jim has been instrumental in
formulating and refining our strategy based on his experience
taking EXO U to market. Jim is someone who I have consulted
frequently during the last 10 years due to his business acumen and
extensive understanding of the market and I look forward to
continuing to work with him as a member of the Board".
"On behalf of the Board of Directors, I would like to thank
Kevin for his dedication and accomplishments in his leadership
positions at EXO U," said Shan
Ahdoot, President and Chairman of the Board of the
Corporation. "We are fortunate that Kevin will continue on as a
member of the Board where his keen insights and experience in the
industry will greatly aid the Corporation in its future success.
The Board also congratulates Jim on his appointment and looks
forward to working with him in his new role."
Mr. Kirchner is a senior executive with over 20 years of
experience and a proven history of success in the education
technology sector. Prior to joining EXO U in October 2016, Mr. Kirchner was Senior Vice
President at Amplify, Inc., an education technology company and
subsidiary of News Corp, where he led a team growing Amplify's
revenues to over US$80 million.
Before joining Amplify, Mr. Kirchner was a founder and CEO of
LearningStation, a leading formative assessment SaaS solution that
had major customers including the states of Arizona, Kansas and several large districts in the US
prior to being sold.
On commenting on his new role at EXO U Mr. Kirchner said, "I am
proud of the work started with (Kevin) Mr. Pawsey and look forward
to continuing the efforts he initiated. I am honored to be selected
and excited to lead EXO U into the future."
About EXO U
EXO U's shares trade on the TSX Venture Exchange under the
ticker symbol "EXO". EXO U develops an innovative software platform
that enables businesses and educational institutions to securely
mobilize and manage their mobile workforce and students by
delivering engaging experiences spanning desktop and mobile
applications. At the core of EXO U's platform is the smart and
agnostic EXO engine that unifies multiple software platforms,
allowing devices to interact and communicate seamlessly together.
For more information, visit EXOU.com or follow us on
Twitter @exo_u.
Cautionary Note Regarding Forward-Looking Information
Certain statements included herein, including those that express
management's expectations or estimates of EXO U's future
performance or future events, constitute "forward-looking
information" within the meaning of applicable securities laws. Such
forward-looking information and statements are often, but not
always, identified by the use of words such as ""plans", "expects",
"estimates", "intends", "anticipates", or "believes", or variations
of such words and phrases (or the negative form thereof) or
statements that certain actions, events or results "may", "could",
"would", "might", or "will" be taken, occur or be achieved.
Forward-looking information is necessarily based upon a number of
estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant
business, economic, regulator and competitive uncertainties and
contingencies that could cause actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking information. For additional information with
respect to certain of these and other assumptions and risk factors,
please refer to EXO U's management's discussion and analysis for
the year ended March 31, 2015, available under the Company's
profile on SEDAR at www.sedar.com. Forward-looking information
contained herein is presented as of the date of this news release
and the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information,
future events or results, except as may be required by applicable
securities laws. There can be no assurance that forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers are cautioned not to place undue
reliance on these forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE EXO U Inc