Technology Executive Olivier Vincent Joins Wishpond Board

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

VANCOUVER, BC, Dec. 14, 2020 /CNW/ - Wishpond Technologies Ltd. (TSX-V: WISH) (the "Company" or "Wishpond"), a provider of marketing focused online business solutions, is pleased to announce that Olivier Vincent has joined the Wishpond Board of Directors effective as of December 8, 2020.  Mr. Vincent will also serve on the Board's Audit Committee.

"We are honoured to have Olivier join Wishpond and are excited to have his knowledge and business acumen help drive the company forward," said Ali Tajskandar, Chairman and CEO of Wishpond. "We are on a mission to help companies deliver great experiences to their customers through the use of data and marketing strategies and having an experienced and successful entrepreneur such as Olivier on our team is wonderful."

Mr. Vincent is a serial entrepreneur and technology executive.  Mr. Vincent has a strong track record running and creating mobile, Artificial Intelligence (AI), and search-based companies.  He is the co-founder of Autozen, an innovative marketplace in the automobile industry. He was founder and CEO of Canpages Inc., a digital local company which grew to over $100 million in revenue before being sold for $225 million.  Recognized as an authority in the world of local, mobile and AI, Mr. Vincent is a future enthusiast and is always looking for ways to build things that make life easier or better.  He was recently the President of WeatherBug, a 15 million-users app in the world of weather.  Mr. Vincent previously held senior management roles with Verizon International, was vice-president and treasurer of the Anglo-Canadian Telephone Company and head of Dominion Information Services.  Mr. Vincent holds a Master of Engineering in Computer Science from ENSTA Paris and a Master of Business, Entrepreneurship from HEC Paris.

Olivier Vincent commented, "I am very excited to be joining the Wishpond board. Ali Tajskandar  and his team deeply understand the trends and opportunities in marketing automation. The power and ease of use of the Wishpond tools respond to a need I continuously see in the marketplace. I look forward to working with my fellow board members as Wishpond continues its rapid growth."

About Wishpond Technologies Ltd.:

Based out of Vancouver, British Columbia, Wishpond is a provider of marketing focused online business solutions.  Wishpond's vision is to become the leading provider of digital marketing solutions that empower entrepreneurs to achieve success online.  The Company offers an "all-in-one" marketing suite that provides companies with marketing, promotion, lead generation and sales conversion capabilities from one integrated platform.  Wishpond replaces entire marketing functions in an easy-to-use product, for a fraction of the cost.  Wishpond serves over 2,000 customers who are primarily small-to-medium size businesses (SMBs) in a wide variety of industries.  The Company has developed cutting edge marketing technology solutions and continues to add new features and applications with great velocity. The Company employs a Software-as-a-Service (SaaS) business model where substantially all the Company's revenue is subscription based recurring revenue which provides excellent revenue predictability and cash flow visibility.  Wishpond is listed on the TSX-Venture Exchange under the ticker "WISH".   For further information, visit:  www.wishpond.com.

Cautionary Disclaimers:

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. Any securities referred to herein have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to a U.S. Person absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws.

Forward-Looking Statements:

Investors are cautioned that, except as disclosed in the Filing Statement of the Company dated November 26, 2020, a copy of which is available under the Company's profile on SEDAR at www.sedar.com (the "Filing Statement"), any information released or received with respect to the Company may not be accurate or complete and should not be relied upon.  Trading in securities of the Company should be considered highly speculative. 

This press release may contain certain forward-looking information and statements ("forward-looking information") within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words "believes", "anticipates", "plans", "intends", "will", "should", "expects", "continue", "estimate", "forecasts" and other similar expressions.  Readers are cautioned to not place undue reliance on forward-looking information.  Actual results and developments may differ materially from those contemplated by these statements. The Company undertakes no obligation to comment analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results (as applicable). Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable,  such  forward-looking information has been based on expectations, factors and  assumptions  concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company's control, including, but not limited to, the risk factors discussed in the filing statement of the Company which are incorporated herein by reference and are available through SEDAR  at  www.sedar.com.  The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise.

Neither the 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.                     

SOURCE Wishpond Technologies Ltd.

Juan Leal, CFO, Wishpond Technologies Ltd., [phone] ext. 727, [email protected]