INEO Board of Directors Changes

Rhea-AI Summary

INEO Tech Corp. (OTCQB: INEOF) announced the resignation of two Board members, Kerem Akbas and David Eaton, who represented Coenda Investments Holdings Corp. Akbas joined in October 2024 and Eaton in June 2025, following Coenda's three-tranche investment between August 2024 and January 2025.

The company will initiate a search for new board members with complementary capabilities to enhance the management team and governance structure. INEO remains focused on executing its strategy, particularly in technology licensing deals and market expansion.

News Market Reaction – INEOF

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+2.27% News Effect

On the day this news was published, INEOF gained 2.27%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Surrey, British Columbia--(Newsfile Corp. - August 26, 2025) - INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), announces the resignation of Kerem Akbas and David Eaton from its Board of Directors, effective today. Both directors joined the Board as representatives of Coenda Investments Holdings Corp. ("Coenda"). Mr. Akbas joined the INEO board in October 2024 and Mr. Eaton joined in June 2025. Coenda invested in INEO in three tranches between August 2024 and January 2025 and is also the principal investor in Bon Intelligence, a licensee of INEO technology.

With the resignations, INEO will kickoff a search for appropriate replacements with the key capabilities of new board members being chosen to compliment the Company's management team and governance structure. INEO remains committed to driving continued innovation, operational excellence and value creation for all stakeholders. The Board of Directors, together with the management team, will continue to execute on the Company's strategy, building on recent momentum of technology licensing deals and pursuing opportunities to expand its market position.

INEO Tech Corp.
Per: "Kyle Hall"
Kyle Hall, Chief Executive Officer and Director

About INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF)

INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., operates the INEO Media Network, a digital advertising and analytics solution for retailers, and INEO Retail Media, an advertising sales provider for in-store retail media. INEO is headquartered in Surrey, Canada and publicly traded on the TSX-Venture Exchange under the symbol "INEO" and on the OTCQB under the symbol "INEOF".

For more information please visit:

Websites:	www.ineosolutionsinc.com
	www.ineoretailmedia.com
LinkedIn:	www.linkedin.com/company/ineosolutions

  

Forward-Looking Statements

Investors are cautioned that, except as disclosed in the disclosure document, any information released or received with respect to the Company may not be accurate or complete and should not be relied upon. Trading in securities of the Company should be considered highly speculative.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors - including the availability of funds, acceptance of the Company's products, competition, and general market conditions - that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed on SEDAR, including the Annual Information Form for the year ended June 30, 2022 filed on SEDAR on November 4, 2022. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For further information:
Kyle Hall
CEO, INEO Tech Corp.
604-244-1895
investor@ineosolutionsinc.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263957

FAQ

Why did INEO Tech Corp (INEOF) directors Kerem Akbas and David Eaton resign?

Both directors resigned as they were representatives of Coenda Investments Holdings Corp, which had invested in INEO through three tranches between August 2024 and January 2025.

When did the INEOF board members Akbas and Eaton join and resign?

Kerem Akbas joined in October 2024 and David Eaton joined in June 2025. Both resigned effective August 26, 2025.

What is INEO Tech Corp's plan following the board resignations?

INEO will initiate a search for new board members with complementary capabilities to enhance the management team and governance structure, while continuing to focus on technology licensing deals and market expansion.

What is the relationship between Coenda Investments and INEO Tech Corp?

Coenda Investments made three investment tranches in INEO between August 2024 and January 2025 and is the principal investor in Bon Intelligence, a licensee of INEO technology.