SiQ Mountain Industries Inc. appoints Chief Operating Officer and grants Options
VANCOUVER, British Columbia, Feb. 05, 2019 (GLOBE NEWSWIRE) — SiQ Mountain Industries Inc. (TSXV: SIQ) (the “Company” or “SiQ”) is pleased to announce the appointment of Brian McFadden as Chief Operating Officer effective February 4, 2019. SiQ Chief Executive Officer, Peter Hughes comments, “We are very pleased with Brian’s contribution and performance over the past ten months. We are grateful for his dedication and look forward to continuing to work together to build value for our shareholders.”
The Company has also granted an aggregate 200,000 incentive stock options to certain officers, directors and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of five years at a price of $0.15 per share.
On behalf of the Board of Directors,
Peter Hughes, CEO and President
About SiQ Mountain Industries Inc.
The Company is an early-stage development organization focused on the creation and distribution of a unique brand of products for outdoor athletic entertainment in domestic and international markets.
Legal Notice Regarding Forward-Looking Statements and Information: This news release contains “forward-looking statements and information” within the meaning of applicable securities laws. Forward-looking statements are indicated expectations or intentions. Forward-looking statements in this news release include without limitation: that we can create and distribute a unique brand of products for outdoor athletic entertainment in domestic and international markets. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of SiQ Mountain Industries Inc. to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the risk that the Company’s technology and products may not work as well as expected; we may not be able to break into new markets, because such markets are served by strong and embedded competitors, our products are not well accepted by consumers or because of long term supply contracts; and we may not be able to grow and sustain anticipated revenue streams. We may have underestimated the cost of production and the time it takes to bring products to market; we may not be able to finance our intended product development. Our products may not sell or rent as well as expected, and competitors may offer better or cheaper alternatives to our products. Our technologies may not be patentable, and if patents are granted, we may not protect our investment in intellectual property if our patents are challenged. Our intended technologies may infringe on the intellectual property of other parties. We may not have any parties interested in distributing our products for rental as expected; and we may not be able to break into the international market. Except as required by law, the Company does not intend to update the forward-looking information and forward-looking statements contained in this news release.
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For further information, please contact:
Peter Hughes, CEO and President