VANCOUVER, BRITISH COLUMBIA and LONDON, UNITED KINGDOM--(Marketwired - Oct. 2, 2017) - BTL GROUP LTD. (TSX VENTURE:BTL) ("BTL" or the "Company") announces that Guy Halford-Thompson, BTL's co-founder, has stepped down from being CEO of the Company, but remains a member of BTL's board, and that Dominic McCann has been appointed Chief Executive Officer of the Company.
Guy Halford-Thompson, co-founder of BTL said, "I am incredibly proud of what we've achieved at BTL to date, having worked and continuing to work with some of the biggest enterprises in the world and building the Company into a major player in the blockchain technology space. Our proprietary blockchain technology, Interbit, is recognized as a transformative enterprise grade blockchain platform. Dominic brings an unprecedented level of experience to the Company, which will be critical to BTL's continued growth. I look forward to working closely with Dominic and the BTL team, and continuing to contribute to the BTL success story."
Dominic McCann, who has been Executive Vice-President, Sales and Marketing at BTL since July 3rd, will be taking on the role of BTL's CEO with immediate effect. Before joining BTL, Mr. McCann was at SAS Institute where he led the Western Australian Energy & Financial Services sector prior to helping establish the SAS Global Oil and Gas Business Unit across Europe, the Middle East and Africa. Dominic has a technology focused management, sales & consulting career having previously worked at Accenture, Dell, Morse and mhm Group.
Dominic McCann, CEO of BTL said, "Guy has been instrumental in taking BTL to where it is today and as the co-founder of the Company he will continue to play an important role in moving the business forward. I very much look forward to building on the success to date of our core product Interbit, and leading the development and sales activities as we work to take Interbit to market."
"On behalf of the Board I would like to thank Guy for his hard work and dedication to BTL. We thank Guy for his leadership since the Company's founding and look forward to his continued contribution as a Board member," said Brian Hinchcliffe, Executive Chairman of BTL. "We will give Dominic all the support required on the financial and market related opportunities that the Company has in front of itself."
The Company also announces that Gary Boddington, Chief Revenue Officer has departed the Company in order to pursue other opportunities that have come available to him. The Board of Directors of the Company would like to express its gratitude to Mr. Boddington for his contributions to the Company and wish him well in his future pursuits.
ABOUT BTL GROUP LTD. AND INTERBIT
Listed on the TSX Venture Exchange (TSX VENTURE:BTL) and operating from both Canada and the UK, BTL is an enterprise technology platform provider that is developing Interbit, a proprietary private blockchain. Via the Interbit platform, BTL can help companies greatly reduce risks and costs by securely streamlining existing IT infrastructures. To date, BTL has successfully demonstrated how Interbit can innovate and transform existing business system processes for leading companies in the finance, energy and gaming sectors.
Interbit is a fast, encrypted and scalable multi-chain technology platform. Via its suite of APIs and smart contracts, Interbit allows businesses around the world to improve efficiency in trading and operations, accelerate development of internal systems, and embrace new revenue generating opportunities, while providing the high levels of security, resilience and auditability required in regulated enterprise environments.
With offices in Vancouver and Calgary, Canada and London, UK, BTL is positioning itself as a front-runner in the blockchain ecosystem, partnering with and enabling enterprises on Interbit in order to improve their existing IT systems.
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Certain statements in this release are forward-looking statements, which include further development of BTL's business relationships and business, the development and success of BTL's technologies and products, and other matters. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are 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 based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, the development of competitive technologies, the marketplace acceptance of BTL's technologies and products, as well as those risk factors discussed or referred to in BTL's annual Management's Discussion and Analysis for the year ended December 31, 2016 available at www.sedar.com, many of which are beyond the control of BTL. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, BTL disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, BTL undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.