Monexa Technologies Corp. Welcomes Garth Albright to its Board of
Directors/Grants Stock Options
Garth has over 30 years of corporate leadership experience as a finance executive in both public and private companies. He joined Gemcom Software International Inc. as Chief Financial Officer in 2003. At Gemcom he was part of the executive team that transformed the near-insolvent company into a profitable venture that achieved CAGR revenue growth of 36% from 2003 to 2009. Gemcom was acquired for
Before joining Gemcom, Garth gained wide experience in different industries as the Chief Financial Officer of Waterfront Pictures Inc., Peace Arch Entertainment Ltd. and Cannect Communications Inc.
"We are pleased to welcome Garth to Monexa's board of directors. Garth's considerable experience as a financial executive and his knowledge of the financial markets will be invaluable to us. Monexa Billing is aimed at a large and growing market providing monetization services to SaaS and Cloud Computing companies, as well as other vertical markets. Garth's expertise will help the company prepare for accelerated growth." said
Monexa also announced today that
The Company will be granting
The Company also announces that it has issued 365,000 new stock options to certain employees and insiders of the Company which are exercisable at a price of
About Monexa
Monexa Technologies Corp. (www.monexa.com) delivers subscription billing and recurring payments for online subscription businesses. The Company's billing software, recurring payments processing and technical support services support SaaS and Cloud Computing businesses as well as internet service providers. Established in 1998, the Company's client roster includes Sprint Nextel, Bell Mobility, Amway Corporation and AOL
Forward-Looking Statements
This news release contains forward-looking statements. Actual events or results may differ materially from those described in the forward-looking statements due to a number of risks and uncertainties, including changes in financial and product market conditions. Forward-looking statements are based on management's estimates, beliefs, and opinions. The Company assumes no obligation to update forward-looking statements, other than as may be required by applicable law.
Neither 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.
For further information: John Bean, CFO, D (604) 630-5657, E [email protected]
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