RevoluGROUP Announces CEO and Director Stepping Down
May 02 2024 - 6:25PM
RevoluGROUP Canada Inc. (TSX- V:
REVO), (Frankfurt:
IJA2), (Munich:
A2PU92) ("RevoluGROUP") today
announced CEO and Director, Gavin McMillan, will be stepping down
from his positions, effective immediately. Gavin joined the Company
in August 2023 and served as CEO for over six months. During his
leadership, McMillan has been instrumental in focusing on the
continued development of the API-driven Payment-as-a-Service (PaaS)
model, which has continued to expand through key white-label
partnerships and joint venture agreements and enhancing revenue
streams.
In a statement, Bernard Lonis, the Chairman of
the Board, acknowledged McMillan's vital contributions and
leadership, stating, "We owe a great deal of gratitude to Gavin for
his dedication and the continued strong foundation he has helped to
build for RevoluGROUP's future. We wish Gavin the best in his
future endeavors."
The Board has commenced a comprehensive search
process to identify a successor who will lead the Company into its
next growth phase and ensure continuity in executing RevoluGROUP's
strategic objectives. The search will include internal and external
candidates, and the Board aims to complete the process
promptly.
About
RevoluPAY®
The Company's flagship Neobanking technology is
RevoluPAY®, the Apple and Android multinational payment app.
Conceived entirely in-house, RevoluPAY features proprietary,
sector-specific technology of which the resulting source code is
the Company's intellectual property. RevoluPAY's built-in features
include
Remittance Payments, Forex, Retail and
Hospitality payments, Real Estate Payments, pay-as-you-go phone
top-ups, Gift Cards & Online Credits, Utility Bill payments,
Leisure payments, Travel Payments, etc. RevoluPAY is aimed at the
worldwide multi-billion dollar Open Banking sector and + $630
billion family remittance market. RevoluPAY® is operated by the
European wholly owned subsidiary RevoluPAY EP S.L located in
Barcelona. RevoluPAY is a licensed United States
MSB, Canadian FINTRAC, and European PSD2 payment
institution 6900 under E.U. Directive 2015/2366 with EU
Passporting.
About
RevoluGROUP Canada
Inc.
RevoluGROUP Canada Inc. is a multi-asset,
multidivisional, publicly traded Canadian Company that controls
five wholly owned subsidiaries on four continents. RevoluGROUP
deploys advanced technologies in; Banking, Mobile Apps, Money
Remittance, Cross-Border Forex Payments, Mobile Phone Top-Ups,
EGaming, Healthcare Payments, Esports, Invoice factoring, Online
Travel, Vacation Resort, Blockchain Systems, and Fintech app
sectors. Click here to read more.
For further information on RevoluGROUP Canada
Inc. (TSX-V: REVO), visit the Company's website at
www.RevoluGROUP.com.
RevoluGROUP
Canada, Inc.
"The Board"
RevoluGROUP Board
of Directors
For further information, contact:
RevoluGROUP Canada Inc. Telephone: (604) 332 5355 Email:
info@revolugroup.com
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.
This release includes certain statements that may be deemed to
be "forward-looking statements". All statements in this release,
other than statements of historical facts, that address events or
developments that Management of the
Company expects, are forward-looking statements.
Although Management believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance, and
actual results or developments may differ materially from those in
the forward-looking statements. The Company undertakes no
obligation to update these forward-looking statements if
Management's beliefs, estimates or opinions, or other factors,
should change. Factors that could cause actual results to differ
materially from those in forward-looking statements, include market
prices, exploration and development successes, continued
availability of capital and financing, and general economic, market
or business conditions. Please see the public filings of the
Company at www.sedar.com for further information.
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