VANCOUVER, British Columbia, Sept. 1, 2014 (GLOBE NEWSWIRE) -- Diversified holding company GreenFlag Ventures Inc. (TSX-V:GFV) announces today as of August 22nd 2014 that its current CEO, Richard Di' Biase, has stepped down as Chief Executive Officer. The Board of Directors has appointed as Director and New CEO, William M. Wright, III, President and CEO of Keystone Financial Management, Inc., a private asset management and consulting firm, to serve as the company's new CEO. Mr. Di' Biase will continue to support GreenFlag Ventures as a consultant, leveraging his extensive financial background and advanced analytical skills.
William M. Wright, III, 48, joins the GreenFlag Ventures team for the first time with his new role as Director & CEO. He brings relevant experience in all aspects of mining, minerals, and exploration, a key focus for GreenFlag Ventures. Since 2012, he served as sole director, CEO, and President of CGRowth Capital, Inc., a public holding company for business and assets in this field. Previously, he worked as Verity Corp's (f/k/a AquaLiv Technologies, Inc.) Executive Vice President, Secretary, Principal Financial Officer and a Director, and served as AquaLiv Technologies, Inc.'s CEO and President. Mr. Wright's leadership roles also evolved in the technology field when he served as CEO and Chairman during a six-year tenure at DONOBi, leading to the merger with Gottaplay, creator of mobile phone and tablet games, in 2006.
Mr. Wright's diverse background includes earlier roles as a real estate broker in both California and Washington, as well, and as President and minority owner of a local property management firm. He also has experience with the startup of an internet service provider that grew and eventually went public. With more than 20 years of expertise in financial management and business operations, Mr. Wright will be a strong asset for GreenFlag Ventures.
FOR ADDITIONAL INFORMATION:
GreenFlag Ventures Inc. (GFV:TSXv) (DV1A:FRA) The company focuses extensively on resource and mining exploration and development, and is engaged in the exploration of its own mineral resource projects while also investing in other mining companies and their associated projects in order to offer the greatest return of investment to its shareholders.
Caution Regarding Forward-Looking Information
This press release contains "forward looking information" (as defined in applicable Canadian securities legislation) that is based on expectations, estimates and projections as of the date of this press release. Examples of forward looking information can be identified by the use of forward-looking words such as "plans", "expects", and "expected". Forward looking information, by its nature, requires us to make assumptions and is subject to significant risks and uncertainties which may give rise to the possibility that our expectations or conclusions will not prove to be accurate and that our assumptions may not be correct. These factors, many of which are beyond our control, include: market competition; business and economic conditions generally; the level of trading and activity on our markets, and in particular trading in our key products. Additional information about these and other factors are located in reports filed with Canadian securities regulators.
We have no intention to update this forward looking information, except as required by applicable securities law. This forward looking information should not be relied upon as representing our views as of any date subsequent to the date of this press release.
For more information, visit www.greenflagventures.com.
CONTACT: Media Contacts:
GreenFlag Ventures Inc.
999 West Hastings Street, Suite 1800
Vancouver, BC, Canada V6C 2W2