New World Solutions Appoints Capital Markets Veteran Martin Tremblay to Board of Directors
Rhea-AI Summary
New World Solutions Inc. (CSE:NEWS, OTC PINK:REGRF, FSE:RT5) has announced the appointment of Martin Tremblay to its Board of Directors. Tremblay, a capital markets veteran with nearly two decades of experience, brings expertise in investments, dealmaking, and M&A strategy. He has invested in over 250 companies across various sectors and is fluent in three languages. Tremblay expressed excitement about joining New World, citing the company's acquisition of a majority stake in dialMKT Corp., a player in the global secondary watch market. He aims to leverage his contacts for business development and M&A opportunities. Concurrently, Richard Yoon has resigned from the board, effective October 10, 2024.
Positive
- Appointment of experienced capital markets veteran Martin Tremblay to the Board of Directors
- Tremblay's extensive investment experience across various sectors
- Potential for new business development and M&A opportunities through Tremblay's network
- Company's stake in dialMKT Corp., positioned in the growing secondary watch market
Negative
- Resignation of board member Richard Yoon
News Market Reaction
On the day this news was published, REGRF declined 26.67%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
TORONTO, ON / ACCESSWIRE / October 11, 2024 / New World Solutions Inc. (CSE:NEWS)(OTC PINK:REGRF)(FSE:RT5) ("NEWS" or "New World" or the "Company") is pleased to announce that capital markets veteran Martin Tremblay has joined the Board of Directors
Martin Tremblay has nearly two decades of experience in all aspects of capital markets and is highly regarded in the international financial community as a seasoned investor, dealmaker, and M&A strategist. Over the course of his career, Mr. Tremblay has made direct investments in over 250 companies across sectors including: clean energy, fintech, healthtech, battery minerals, real estate, and luxury products. His family office's current portfolio includes investments in numerous startups and over 20 CPCs (Capital pool companies) and shell companies, demonstrating his expertise in nurturing early-stage ventures.
A native of Quebec, Canada, Mr. Tremblay is fluent in three languages and has a deep understanding of global fund movements and banking platforms, positioning him as a key player in navigating international financial landscapes. In recent years, Mr. Tremblay has turned his attention to Costa Rica, where his family office develops luxury retreats and yacht charters, expanding his reach into lifestyle and high-end travel products.
Martin Tremblay commented: "I am very excited to be joining the Board of New World. I began buying the stock following the Company's acquisition of a majority stake in dialMKT Corp., which is a "pure play" in the global secondary watch market, which is expected to reach
(*Source: McKinsey https://www.mckinsey.com/industries/retail/our-insights/state-of-fashion-watches-and-jewellery )
I know a number of companies in this space, with the potential for business development and M&A opportunities , and I am eager to bring my contacts to help maximize value for shareholder."
New World's Chairman Jack Marks commented: "Having known Martin Tremblay for a number of years now, I have seen first-hand his role in helping create significant shareholder value for public companies in raising capital, M&A strategy, and corporate governance through his tremendous international network, and investor following."
In addition, Richard Yoon has resigned from the Company's board of directors, effective October 10, 2024. Mr. Yoon's departure as a director is not due to any disagreement with the Company and the Company wishes to thank Mr. Yoon for his service on the board and wish him luck in his future endeavors.
About New World
New World Solutions is a technologies company, driving innovative solutions to new world problems.Through our blockchain and technology experience we are leveraging solutions in the decentralized finance space as well as the electric vehicle area. We look to acquire and launch a balanced spectrum of solutions to become a leader in this dynamic tech landscape.
For additional information on New World and other corporate information, please visit the company website at https://www.newworldinc.io/
For further information, please contact:
Paul Haber, C.P.A., C.A., C.Dir
Chief Executive Officer
New World Solutions Inc.
Phone: (416) 318- 6501
Email: phaber@newworldinc.io
Forward-Looking Statements
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements.
Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking information in this news release are based on certain assumptions and expected future events. These statements involve known and unknown risks, uncertainties, and other factors, which may cause actual results, performance, or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern; the risks associated with the blockchain in general, the risk that the Amendment will not be completed as contemplated or at all. Readers are cautioned that the foregoing list is not exhaustive. Readers are further 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 placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results, or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
SOURCE: New World Solutions Inc.
View the original press release on accesswire.com
FAQ
Who is Martin Tremblay and why was he appointed to New World Solutions' board?
What is the significance of New World Solutions' (REGRF) acquisition of dialMKT Corp.?
How might Martin Tremblay's appointment affect New World Solutions (REGRF) going forward?
What changes occurred in New World Solutions' (REGRF) board composition on October 10, 2024?
