Vancouver, British Columbia–(BUSINESS WIRE)–Legible Inc. (CSE: READ) (FSE: D0T) (“Legible” or the “Company”) is pleased to announce the appointment of Shannon Kaustinen to the board of directors of Legible.
Legible also announces that it will host a corporate updates and Q&A webcast hosted by Mr. Kaleeg Hainsworth, President and Chief Executive Officer (CEO), and Ms. Wai-Ming Yu, Chief Revenue Officer (CRO). Mr. Hainsworth and Ms. Yu will discuss Legible’s product and feature release plans, including the official launch of Legible.com in the summer of 2022, and Legible’s growth strategy beyond that.
Investors can pre-submit questions to [email protected] ahead of the event. Details of the company update webcast are:
“I am delighted to welcome Shannon to our Board of Directors,” said Kaleeg Hainsworth, Co-Founder, President and CEO. “Shannon brings a wealth of experience as a public company CFO, corporate controller and strategic financial markets advisor.”
“I am excited to be part of Legible’s unique value proposition as a dynamic new e-book reading and publishing platform, and to participate in and contribute to both the vision and growth strategy. of Legible,” Ms. Kaustinen said. “I look forward to working with Legible’s Board of Directors and senior management on this exciting and fundamental stage in the company’s growth.”
Completing Legible’s plans to restructure its board of directors following its successful IPO in December 2021, and completing a strategic board review process in January 2022, Legible also announced that Mr. Mark Holden, a founding director of Legible, is stepping down from his role on the board of directors and serving as chairman of Legible’s advisory committee. Ms. Helina Patience, who served on Legible’s board of directors when it was a private company, is also stepping down and will continue to serve as Legible’s chief financial officer. Mr. Gene Kindrachuk and Mr. Ryan Hoult, who were directors of Twenty20 Investments prior to the reverse takeover, are also leaving the Legible board.
“On behalf of the company, I want to thank Mark and Helina for their continued and unwavering dedication to Legible while on the board, primarily when Legible was a private company,” Hainsworth said. “I would also like to thank Gene and Ryan for temporarily serving on our Board of Directors following the completion of the reverse takeover of Twenty20 Investments by Legible Media. We wish Ryan and Gene every success in their endeavours.”
Following these changes, Legible’s Board of Directors now consists of Mr. Kaleeg Hainsworth, President, CEO and Founder, Mr. David Van Seters and Ms. Shannon Kaustinen who will chair the Audit Committee. of Legible.
Legible has also begun a strategic review of its requirements for recruiting and appointing additional directors to the board of directors who will continue to promote high standards of organizational effectiveness and corporate governance while pursuing the strategic vision of lead Legible to profitability.
About Shannon Kaustinen, CPA, CGA, ICD.D
Shannon Kaustinen has spent her entire career working alongside people and companies that represent more than just a product or service. Shannon is currently CFO of Careteam Technologies Inc. and throughout her career has enjoyed mentoring impact-driven cleantech companies including Airsset Technologies Inc. through her work with Foresight Canada, Canada’s cleantech accelerator. Shannon oversaw the acquisition of Generac Power Systems Inc, the largest and most complex technology acquisitions in British Columbia (closing within 38 days). Purpose and value-driven businesses are Shannon’s passion, and on more than one occasion she has witnessed life-saving technology-driven companies she has helped build. She is measurement and results oriented and holds a Chartered Professional Accountant (CPA) designation and an Institute of Corporate Directors designation (ICD.D). Shannon also holds a CPA public license, which allows her to bring additional perspective to her work with private and public companies.
About Readable Inc.
Legible Inc. is a book media platform company committed to providing delightful e-reading and publishing experiences for readable writers, readers and consumers who value immersive entertainment experiences accessible through beautifully constructed and dynamic books, provided by a company that promotes sustainability, at scale. accessibility and overall literacy.
Through its online reading and publishing platform, Legible.com, Legible is revolutionizing the way readers, editors and authors connect. Founded by a team of technologists, authors, e-book publishers, designers, and industry insiders, Legible is building its multimedia book platform to provide readers around the world with access to millions books on any app or browser.
Visit Legible.com and discover the place where eBooks come to life!
Readers are invited to visit Legible’s ever-growing Staff-Picks library: https://legible.com/ca/list/staff-picks
Certain statements contained in this press release are forward-looking statements and are forward-looking in nature. Forward-looking statements are not based on historical fact, but rather on current expectations and projections regarding future events, many of which, by their nature, are inherently uncertain and beyond the control of the Company and are therefore subject to risks and uncertainties. which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements can generally be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”. , “expects”, “believes” or “will continue”, or the negative thereof or similar variations. These statements include forward-looking statements regarding the recruitment and appointment of additional directors. These assumptions and factors are based on information currently available to the Company. Although the Company’s management has attempted to identify important factors that could cause actual results to differ materially from those contained in any forward-looking statements or information, it may there may be other factors that cause results not to be as anticipated, estimated or intended. Among the key factors that could cause actual results to differ materially those projected in forward-looking information and statements include: changes in general economic, business and political conditions, including changes in financial markets; changes in applicable laws; and diversion of management time. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying any forward-looking information or statements prove incorrect, actual results may differ materially from those described herein as anticipated, planned, anticipated, believed, estimated or expected. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking statements and forward-looking information. The forward-looking information contained in this release is made as of the date hereof, and the Company undertakes no obligation to update or revise any forward-looking statements or forward-looking information incorporated by reference herein, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The foregoing statements expressly qualify any forward-looking information contained herein. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by this notice.
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