Last Mile Holdings Announces Executive Leadership Updates

VANCOUVER, BC, June 22, 2020 /CNW/ - Last Mile Holdings Ltd. ("MILE" or the "Company") (TSXV: MILE); (OTC: AZNVF), a leading micro-mobility company with the broadest product suite in the industry, today announced several updates to its leadership team, including the appointment of veteran public company executive Kate Marley as its CFO, effective July 6, 2020.

Marley brings nearly three decades of finance and accounting experience to MILE, including 25 years in senior leadership roles at various technology and consumer-centric public companies. Marley also has an extensive background in managing successful strategic transactions, including multiple initial public offerings (IPOs) and mergers and acquisitions (M&A) related work. Most recently, she served as Controller of the Engines division at Meggitt, a multi-billion-dollar international aerospace contractor based in the United Kingdom. Prior to that Marley held additional Controller-level roles at Ixia, American Homes 4 Rent, Jakks Pacific, DTS, and THQ, respectively. Marley also previously held positions at Disney Publishing and PricewaterhouseCoopers (PwC).

Marley received a B.S. in Accounting from Villanova University and is a Certified Public Accountant (CPA) in the state of California.

"On behalf of the Last Mile board and leadership team, I would like to formally welcome Kate as our new CFO," said MILE CEO Max Smith. "Kate is a seasoned executive with nearly 30 years of finance and accounting experience at four different public companies. As we continue building out our management team, we believe Kate is uniquely qualified to help us realize our operational goals, including enhanced financial reporting as well as driving improvements in our industry-leading unit economics."

Separately, the Company also announced operating subsidiary Gotcha Mobility ("Gotcha") Founder and CEO Sean Flood and COO David Touwsma have tendered their resignations to the Company's Board of Directors, respectively.

"Sean and David have built a great team at Gotcha, and we are appreciative of their efforts over the years, especially through this transition period as we successfully integrated our two companies," added Smith.

For more information on Last Mile Holdings, visit lastmile-holdings.com.

About Last Mile Holdings
Last Mile Holdings (TSXV: MILE), formerly OjO Electric, is one of the largest micro-mobility companies in the U.S., offering the broadest product suite in the industry. Last Mile has 30 university and 50 municipal contracted shared mobility systems under the OjO and Gotcha brands. The acquisition of Gotcha in the first quarter of 2020 provides an expansive growth pipeline and a portfolio of products including electric bikes, trikes, scooters, and cruisers. For more information, visit lastmile-holdings.com.

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About Gotcha Mobility
Gotcha, a subsidiary of Last Mile Holdings, is a shared electric mobility company dedicated to providing innovative products and technologies that get people out of single-occupancy cars and safely onto efficient, sustainable micro-transit products. The company operates electric bikes, trikes, scooters, and cruisers as transportation solutions tailored to cities and universities across the US. Gotcha empowers communities to lead happier, more productive lives through the transformative power of affordable, accessible micro-transit. For more information, visit ridegotcha.com.

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Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "forward-looking statements" and "forward-looking information" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements with respect to: Last Mile Holdings and Gotcha's business and prospects and the Company's objectives, goals or future plans, including the planned deployment of its mobility units; and the business, operations, and management of the Company. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Company to meet its deployment targets, access to sufficient mobility units, meeting the requirement of the permits granted to Company, general business, economic and social uncertainties including the impact of COVID-19; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; delay or failure to receive board, shareholder or regulatory approvals; those additional risks set out in the Company's public documents filed on SEDAR at www.sedar.com; and other discussed in this news release. Accordingly, the forward-looking statements discussed in this release, may not occur and could differ materially as a result of these known and unknown risk factors and uncertainties affecting the companies. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

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SOURCE Last Mile Holdings Ltd.

Investors, Matt Glover and Tom Colton, Gateway Investor Relations for Last Mile Holdings, Email: [email protected]:[email protected], Phone: [phone]; Media, Caroline Passe, Director of Public Relations, Gotcha, Email: [email protected], Phone: [phone]