VANCOUVER, British Columbia, Nov. 17, 2020 (GLOBE NEWSWIRE) -- via InvestorWire - Hunter Technology Corp. (TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) ("Hunter" or the "Company") is pleased to announce that it has agreed to appoint Dr. Florian Spiegl and Mr. Alex Medana as Senior Vice-Presidents.
Hunter has also agreed, through its Swiss development subsidiary Digiledger Holdings AG, to hire FinFabrik Limited of Hong Kong ("FinFabrik"), a company controlled by Dr. Spiegl and Mr. Medana, to develop the Oilex and OilExchange Platforms. Founded in 2016, FinFabrik is a Hong-Kong based creator of purpose-driven financial technology, focused on empowering businesses to access opportunity, take sound decisions and build wealth.
"The importance of securing proven executives as well as a development team is pivotal for Hunter Tech in its development cycle," said Andrew Hromyk, Hunter's CEO. "The successful platform will integrate the critical experience of seasoned commodity traders who will address the industry's needs with a capable development team, incorporated into a user interface while accelerating industry adoption as the new standard."
Dr. Florian M. Spiegl
Dr. Spiegl is an innovator and serial entrepreneur in the financial technology sector. His corporate career expands over several industries including strategy consulting with the Boston Consulting Group and asset management with Credit Suisse. A founder of FinFabrik Limited, a Hong-Kong based creator of purpose-driven financial technology, he operates at the intersection of technological innovation and financial markets, aiming to open new growth horizons for established players. Outside of building businesses, Florian acts as an advisor to financial services firms and institutional investors with a focus on change dynamics in capital markets and digital assets. He is a co-founder of the Hong Kong FinTech Association and serves on the FinTech Advisory Board of the Securities and Futures Commission of Hong Kong. Dr. Spiegl holds a PhD and a MA in Economics and Business Administration from the University of Vienna.
Mr. Alex Medana
Mr. Medana is a seasoned executive in capital markets and technology. Prior to founding FinFabrik, Mr. Medana spent 17 years in global tier-1 institutions including Merrill Lynch, Kleinwort Wasserstein, and Deutsche Bank with executive positions in equities and equity derivatives trading business units in Europe and APAC. He has been an entrepreneur and angel investor since 2015, advocating technology-driven innovation towards more user-friendly financial services and broader participation. Mr. Medana is a founding board member of the FinTech Association of Hong Kong, serves on the Digital Economy Task Force of the UN ESCAP Sustainable Business Network and has been recognized as a Top 100 FinTech influencer in Asia.
Dr. Spiegl and Mr. Medana have been granted incentive stock options to acquire a total of 1,500,000 common shares of Hunter at a price for $0.75 per share for a period of up to three years, pursuant to Hunter's 2019 Incentive Stock Option Plan. One-third of the options granted will vest every 6 months, beginning May 17, 2021.
About Hunter Technology Corp.
Hunter Technology Corp. is an oil industry service provider developing interactive platforms to enable the facilitation of physical oil transactions throughout the trade lifecycle, with more favourable economics for producers and access to a fair market for all. Through oilex.com Hunter will operate a physical oil marketplace to facilitate the buying and selling of physical oil by independent producers to corporate consumers, traders and sovereign purchasers. And through oilexchange.com, Hunter will offer robust supply chain management tools that track physical oil throughout the supply chain and automate the reporting process.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrew Hromyk
Chief Executive Officer
(888) 977-0970
For further information, visit our website at www.huntertechnology.com
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Cautionary Statement Regarding Forward-Looking Information.
This news release contains certain statements which may constitute forward-looking statements or information regarding Hunters business development plans. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Hunter's control, including execution risk, market risk, industry risk, the impact of general economic conditions and competition from other industry participants, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Hunter believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Hunter does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Hunter should be considered highly speculative. There can be no assurance that Hunter will be able to achieve all or any of its proposed objectives. Please review Hunter's Filing Statement dated October 21, 2020 and filed under the Company's SEDAR profile at www.sedar.com for a more fulsome discussion of risk factors.
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