VANCOUVER, British Columbia,
Dec. 8,
2022 /CNW/ -- Zoomd Technologies Ltd. (TSXV:
ZOMD) (OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd.
(collectively, "Zoomd" or the "Company"), the
marketing technology (MarTech) user-acquisition and engagement
platform, is pleased to announce the appointment of Ido Almany as
the new CEO of the Company. Ido Almany will succeed Ofer Eitan, who in July of 2022, previously
announced that he was stepping down as CEO once a suitable
successor has been identified. Mr. Eitan, a Co-founder of the
Company, has been the Company's CEO since its merge with Moblin in
2017 and will remain a director of the Company.
Mr. Almany will be joining Zoomd after half a decade of leading
American Express in Israel as its
General Manager, and the CEO of the local exclusive licensee,
Premium Express LTD. Mr. Almany charted a new strategic
direction for Amex in Israel,
developed new distribution channels and partnerships, and
revitalized the product offering, creating sustainable and
high-margin growth amounting to US$140M in annual revenue. Mr. Almany also served
as a management team member for the Isracard Group, Premium
Express' parent company and the largest payments company in
Israel, taking part in the Group's
successful IPO in 2019.
Prior to joining American Express in Israel, Mr. Almany was the Head of Digital
Products and Business Development for Discount Bank, one of the
largest banks in Israel, Head of
Fintech and Innovation for Discount Bank, and a strategy consultant
for TASC Consulting & Capital.
"Ido has a proven track record of achieving growth targets",
said Ofer Eitan, "Zoomd's journey is
now at the stage of continuing growth and strengthening the
Company's current advantages in the marketplace and product
offering. We welcome Ido with huge applause, big expectations, and
are certain that he will continue the path of success while
reaching new milestones for the Company."
"Ido brings to Zoomd a strong combination of experience with
growing technology businesses through partnerships and an
established track record in driving profitable revenue growth"
commented Amit Bohensky, Chairman of the Board of Directors of
Zoomd. "We look forward to leveraging his wide business experience
in technology and capital markets as Zoomd progresses in its
efforts to become a market leading tech company".
Mr. Almany holds a BSc in Industrial Engineering and Management
with honors (summa cum laude), from the Technion – Israel Institute
of Technology.
Mr. Almany commented, "I am thrilled to be joining Zoomd as its
new CEO. I am grateful for the Board of Directors' support and
confidence in me. I am excited to bring my experience and expertise
to Zoomd and am certain that together with the capable and
dedicated Zoomd team we can continue to grow and thrive."
In connection with his appointment as the Company's new CEO, Mr.
Almany was granted 3,164,071 stock options pursuant to the
Company's stock option plan approved by the Company's shareholders
on August 5, 2020. The options have
an exercise price of C$0.13 per share (being the
closing price of the Company's shares on the day prior to the grant
date, adjusted to reflect the maximum permitted discount), and will
expire five years from their grant date. 1,318,363 options are
subject to performance vesting conditions, with the remaining
options being subject to time vesting conditions over a three year
period from Mr. Almany's start date.
About ZOOMD
Zoomd (TSXV: ZOMD) (OTC: ZMDTF), founded in 2012 and began
trading on the TSX Venture Exchange in September 2019, offers
a site search engine to publishers, and a mobile app
user-acquisition platform, integrated with a majority of
global digital media, to advertisers. The platform unifies more
than 600 media sources into one unified dashboard. Offering
advertisers, a user acquisition control center for managing all new
customer acquisition campaigns using a single platform. By unifying
all these media sources onto a single platform, Zoomd saves
advertisers significant resources that would otherwise be spent
consolidating data sources, thereby maximizing data collection and
data insights while minimizing the resources spent on the exercise.
Further, Zoomd is a performance-based platform that allows
advertisers to advertise to the relevant target audiences using a
key performance indicator-algorithm that is focused on achieving
the advertisers' goals and targets.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Disclaimer IN REGARD TO Forward-looking statements
This news release includes certain "forward-looking statements"
under applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements with respect
Zoomd's future success and the ability of Mr. Almany to
successfully grow the Company. Forward-looking statements are
based on our current assumptions, estimates, expectations and
projections that, while considered reasonable, are subject to known
and unknown risks, uncertainties, and other factors which may cause
the actual results and future events to differ materially from
those expressed or implied by such forward-looking statements. Such
factors include, but are not limited to: general business,
economic, competitive, technological, legal, privacy matters,
political and social uncertainties (including the impacts of the
COVID-19 pandemic), the extent and duration of which are uncertain
at this time on Zoomd's business and general economic and business
conditions and markets. There can be no assurance that any of the
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. The Company
disclaims any intention or obligation to update or revise any
forward-looking statements, whether because of new information,
future events or otherwise, except as required by law.
The reader should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. All forward-looking information contained in this press
release is expressly qualified in its entirety by this cautionary
statement.
For further information please contact:
Company Media Contacts:
Amit Bohensky
Chairman
Zoomd
ir@zoomd.com
Website: www.zoomd.com
Investor relations:
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com
Logo:
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SOURCE Zoomd Technologies Ltd.
