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Interbit Ltd.

Exchange: TSXV Exchange | Jul 18, 2019, 10:41 PM EDT

IBIT
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Interbit™ Files Annual Financials and Announces Change to Board of Directors

CALGARY, Alberta and LONDON, May 03, 2019 (GLOBE NEWSWIRE) -- INTERBIT LTD. (TSX Venture: IBIT) (the “Company”) announces that it has filed this week its audited consolidated financial statements and Management’s Discussion and Analysis for the year ended December 31, 2018, which can be found under the Company’s profile on SEDAR (www.sedar.com), and which sets forth detailed operating and financial results for the Company for 2018.

Change to Board of Directors

The Company is also pleased to announce that all resolutions presented before the Company’s shareholders at its Annual and Special Meeting on March 25, 2019 (the “AGM”), received requisite approvals by shareholders of the Company. Re-elected as directors of the Company were Brian Hinchcliffe, John Thomson, Dominic McCann and Susan Milton.

The Company announces that subsequent to the AGM, Susan Milton has made the decision to resign from the Board of Directors in order to focus her time on other ventures and opportunities.

The Board of Directors of the Company would like to express its gratitude to Ms. Milton for her contributions to the Company and wish her well in her future pursuits.

The Company is pleased to announce that Robert Suttie, the Chief Financial Officer of the Company, has been appointed to the Board of Directors to replace Ms. Milton.  Mr. Suttie possesses more than twenty years’ experience in financial services, including over ten years in public accounting, specializing in management advisory, accounting, and financial disclosure. His public company experience includes preparation of financial statements, initial public offerings, business combinations and asset carve-outs, and spin-out transactions. He serves as Chief Financial Officer to a number of companies listed on the TSX and TSX Venture exchanges, is a director of Rupert Resources Ltd. and currently manages the financial reporting team at Marrelli Support Services Inc.

ABOUT THE COMPANY

The Company is a technology platform provider listed on the TSX Venture Exchange and operating from both Canada and the UK with offices in Calgary and London.

For further information please contact:

Dominic McCann, CEO
Phone: +1 855 256 5246
Email: dominic@interbit.io
Website: www.interbit.io

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements in this release are forward-looking statements, which include further development of the Company’s business relationships and business and the timing, development. launch and success of the Company’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 the Company’s technologies and products, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis for the year ended December 31, 2018 available at www.sedar.com, many of which are beyond the control of the Company. 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, the Company 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, the Company 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.

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