Fountain Asset Corp. Announces Management Change

TORONTO, March 14, 2018 /CNW/ - Fountain Asset Corp. (TSXV:FA), ("Fountain" or the "Company") today announces a change to its management team.

Fountain announces that Mr. David Darakjian, interim Chief Financial Officer (CFO) of the Company, has tendered his resignation.

Mr. Darakjian will be leaving to work with one of Fountain's investee companies.  Mr.  Andrew Parks, CEO of the Company, commented "I wanted to thank David for his contribution to the Company and wish him best of luck in his new role."

The search for a new Chief Financial Officer has been initiated.  Mr. Darakjian will assist with the transition and remain with the Company until the completion of its audit for the year ended December 31, 2017.

About Fountain Asset Corp.

Fountain Asset Corp. is a merchant bank which provides equity financing, bridge loan services (asset back/collateralized financing) and strategic financial consulting services to companies across many industries such as marijuana, oil & gas, mining, real estate, manufacturing, retail, financial services, blockchain technology and biotechnology.

Forward-Looking Statements

Certain information contained in this press release constitutes forward-looking information, which is information relating to possible events, conditions or results of operations of the Company, which are based on assumptions and courses of action and which are inherently uncertain. All information other than statements of historical fact may be forward-looking information. Forward-looking information in this press release includes, but is not limited to, statements regarding the search for a new Chief Financial Officer and Mr. Darakjian's assistance with the transition and the 2017 year-end audit. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Some of the risks and other factors which could cause results to differ materially from those expressed in forward-looking information contained in this press release include, but are not limited to, the timing of the search for a new Chief Financial Officer and the effective date of Mr. Darakjian's resignation. The forward-looking information contained in this press release is provided as at the date of this press release, based upon the opinions and estimates of management and information available to management as at the date of this press release, and the Company undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on forward-looking information contained in this press release.

Neither TSX Venture Exchange Inc. 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 Fountain Asset Corp.

Andrew Parks at [phone] or visit Fountain Asset Corp.'s website at www.fountainassetcorp.com.