Wellfield Technologies Announces Appointment of Global Financial Leader Tamir Agmon as Member of Advisory Board

• Professor Agmon is a globally recognized researcher in the field of Decentralized Finance (DeFi) and has authored several research papers on the role of blockchain technology and innovative protocols in the world of finance.
• Currently, Professor Agmon is a Professor of Finance (Emeritus) at the Faculty of Management at Tel Aviv University and Visiting Professor of Finance at the University of Gothenburg (Sweden). He graduated with a Ph.D. in Finance from the University of Chicago and has held visiting appointments at MIT, and the University of Southern California.
• Professor Agmon has served as a director on the Boards of several companies both in the financial and industrial sectors in Israel, including one of the country's largest insurers and has provided financial consulting services to leading companies in Israel, the U.S. and the EU.

VANCOUVER, BC, Dec. 9, 2021 /CNW/ - Wellfield Technologies Inc. (TSXV: WFLD) (the "Company" or "Wellfield"), is pleased to announce that it has named Tamir Agmon, a renowned professor, researcher and global financial consultant, as the second member of the Company's advisory board. This follows the appointment of Global Payments and Fintech Leader William Keliehor, as announced on December 3, 2021.

Management Commentary

Levy Cohen, CEO of Wellfield commented, "One of the most common ways that technology companies fail is by focusing only on developing great underlying technology without building a path to real-world application and adoption. Tamir's deep experience and ongoing research on the evolving decentralized financial market and trading protocols, as well as his expertise in the venture capital world, have been critical in focusing our team on developing practical solutions – based on great tech – that are necessary to unlock the power of DeFi. As we look forward to launching our Seamless protocols in 2022 and beyond, Tamir's continued expertise will help ensure that Wellfield delivers strong, value adding blockchain solutions for financial industry participants."

Tamir Agmon

Tamir Agmon is one of the founding partners of Seamless Logic Software, and is actively engaged in research regarding decentralized trading and the decentralized financial market. Currently, his research is focused on the applications of financial economics in the DeFi ecosystem. His recent research (to be published soon) considers the conceptual basis of Bitcoin in a portfolio of growth capital securities with different risk profiles. Professor Agmon is one of the leaders of an EU research project under The Marie Skłodowska-Curie Actions (the EU's reference programme for doctoral education and postdoctoral training), called "TRUST – Digital Turn in Europe Strengthening Relational Reliance through Technology", a multi-country project that launched in 2021 and is set to continue for four years.

Professor Agmon is a Professor of Finance (Emeritus) at the Collier School of Management, Tel Aviv University, Israel, and Visiting Professor of Finance at the University of Gothenburg (Sweden), where in 2020 he was designated Honorary Doctor of Economics. He graduated with a Ph.D. in Finance from the University of Chicago and has held visiting appointments at MIT, and the University of Southern California.

Professor Agmon has had a long career in financial consulting in Israel, the U.S., and Europe. He was the founder and the Managing Director of Clali & Associates, an investment banking company (jointly with Edmond de Rothschild and Investec Group). He has also served as a director on the Boards of a number of companies both in the financial and industrial sectors in Israel, including one of the country's largest insurers.

Professor Agmon has been published in leading professional journals in finance and economics such as the Journal of Finance, the Journal of Business, the Journal of International Business Studies, The European Economic Review and International Journal of Technoentrepreneurship. His most recent paper was published at the European International Journal of Management in 2021. Professor Agmon has also published a number of books. His most recent book is titled, Venture Capital and the Inventive Process, (with Stefan Sjogren), published in 2016.

Professor Agmon has been deeply involved in the Israeli venture capital industry since its inception, serving both research and consultative functions.

Seamless co-founders Tamir Agmon and Levy Cohen, have published several papers together including:

• The New Distributed Digital Technology, World Trade. and MNEs: Another Step in the Inventive Process, forthcoming in European International Journal of Management.
• The Economic Framework and Applications of Blockchain (Distributed Ledger) Technology, forthcoming in the book Legal Technology Transformation in Practice, Andrea Caligiuti, ed. The University of Macerata, Italy.
• Barter Trade and Reallocation System and the New Blockchain (Distributed Ledger) Technology, SSRN, November, 2018.

While with Seamless, Professor Agmon also published:

• Employing Decentralized Trading Protocols (P2P) to Optimize Assets Allocation, SSRN, September 2020.

About Wellfield Technologies

Wellfield is focused on unlocking the power of decentralized finance (DeFi) by building open and accessible decentralized protocols and also blockchain based consumer products. Seamless - the Company's protocol layer brand - focuses on solutions that enhance and optimize liquidity in the Ethereum ecosystem, make Bitcoin compatible with DeFi, and enable decentralized cross blockchain exchange. MoneyClip - Wellfield's application layer brand - is powered by DeFi to enhance everyday financial products and make money work for the way people live.

Cautionary Notice

A listing application prepared in accordance with the policies of the TSXV (the "Listing Application") is available on the Company's SEDAR profile, available at www.sedar.com, and contains additional information regarding Wellfield. The contents of this press release are expressly qualified by the disclosures and contents of the Listing Application and readers are encouraged to review the Listing Application. Investors are cautioned that, except as disclosed in the Listing Application, any information released or received with respect to the Wellfield may not be accurate or complete and should not be relied upon. Trading in the securities of Wellfield should be considered highly speculative.

The TSXV has neither approved nor disapproved the contents of this news release. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This news release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. Wellfield's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

Cautionary Notice on Forward-Looking Statements

This press release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking statements in this news release include statements regarding the Company's success in launching the protocols and other technologies and utilities discussed herein. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations of any forward-looking information will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: compliance with extensive government regulations; domestic and foreign laws and regulations adversely affecting the Company's business and results of operations; the impact of COVID-19; the decentralized finance industry generally, in Canada and abroad; and general business, economic, competitive, political and social uncertainties. Readers are cautioned that the foregoing list is not exhaustive and readers are encouraged to review the Listing Application accessible on the Company's SEDAR profile at www.sedar.com. Readers are further cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking information or otherwise.

SOURCE Wellfield Technologies

Wellfield Technologies Inc., Levy Cohen, CEO, [email protected]