LOS
ANGELES, Aug. 14, 2023 /PRNewswire/ -- Ispire
Technology Inc. ("Ispire" or "the Company") (NASDAQ: ISPR), a
leader in vapor technology, providing high-quality, innovative
products with first-class performance, announced today the
appointment of Michael Wang as its
Co-Chief Executive Officer. Mr. Wang previously served as
Chief Financial Officer. Concurrently, Daniel J. Machock was appointed as the new Chief
Financial Officer.
Mr. Wang has assumed the role of Co-Chief Executive Officer
alongside Tuanfang Liu, as Co-Chief Executive Officer. This
strengthened leadership structure is designed to refine Ispire's
strategic direction and spearhead the Company's future growth.
Ispire's decision to elevate Mr. Wang stems from his record in
strategic and financial leadership.
Mr. Wang expressed, "Having been deeply involved with Ispire's
progress, I look forward to partnering with Tuanfang to further the
Company's growth and expansion. Together, we share a mutual vision
of global development and pioneering innovation within the
Company."
Ispire is pleased to introduce Mr. Machock as its Chief
Financial Officer. With extensive 25-year experience in financial
strategy, notably from his tenures at Appetize Technologies, Inc.,
Chrome River Technologies, Inc., and other leading firms, Mr.
Machock's appointment is set to bolster Ispire's financial
footing.
On his appointment, Mr. Machock commented, "I am honored to take
on the role of CFO at Ispire. Eager to harness my financial
expertise, I deeply value the Company's unwavering dedication to
innovation in the cannabis vaping arena and am committed to
contributing to its continued success."
Ispire expects that the strategic leadership transitions will
amplify its commitment to promote growth, operational excellence,
technological advancement, and the enhancement of shareholder
value.
About Ispire Technology Inc.
Ispire is engaged in the R&D, design, commercialization,
sales, marketing and distribution of branded e-cigarettes and
cannabis vaping products. The Company has or licenses from a
related party more than 200 invention/design patents received or
filed globally. Ispire's tobacco products are marketed under the
Aspire brand name and are sold worldwide (except in the United States, PRC and Russia) primarily through its distribution
network. Ispire's cannabis products are marketed under the Ispire
brand name primarily on an original design manufacturer (ODM) basis
to other cannabis vapor companies. Ispire currently sells its
cannabis vaping hardware only in the
United States, and it recently commenced marketing
activities in Canada and
Europe, primarily in the European
Union.
Please visit
www.ispiretechnology.com and follow us on Facebook, Twitter,
Instagram, Linkedin, Pinterest, and YouTube. Any information
contained on, or that can be accessed through, the Company's
website, any other website or any social media, is not a part of
this press release.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that are intended to be covered by the safe harbor created
by those sections. Forward-looking statements, which are based on
certain assumptions and describe the company's future plans,
strategies and expectations, can generally be identified by the use
of forward-looking terms such as "believe," "expect," "may,"
"will," "should," "would," "could," "seek," "intend," "plan,"
"goal," "project," "estimate," "anticipate," "strategy," "future,"
"likely" or other comparable terms, although not all
forward-looking statements contain these identifying words. All
statements other than statements of historical facts included in
this press release regarding the company's strategies, prospects,
financial condition, operations, costs, plans and objectives are
forward-looking statements. Important factors that could cause the
Company's actual results and financial condition to differ
materially from those indicated in the forward-looking statements.
Such forward-looking statements include, but are not limited to,
risks and uncertainties including those regarding: the Company's
business strategies, the ability of the Company to market to the
Ispire ONE, Ispire ONE's success if meeting its goals, the ability
of its customers to derive the anticipated benefits of the Ispire
ONE and the success of their products on the markets; the Ispire
ONE proving to be safe, and the risk and uncertainties described in
"Risk Factors," "Management's Discussion and Analysis of Financial
Condition and Results of Operations," "Special Note Regarding
Forward-Looking Statements" and the additional risk described in
Ispire's registration statement on Form S-1, which was filed with
the SEC on August 11, 2023 and in
"Management's Discussion of Financial Condition and Results of
Operations" in the Company's Form 10-Q quarterly report for the
quarter and nine months ended March 31,
2023. You should not rely upon forward-looking statements as
predictions of future events. The forward-looking statements made
in the press release relate only to events or information as of the
date on which the statements are made in the press release. We
undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, after the date on which the statements are made or to
reflect the occurrence of unanticipated events except as required
by law. You should read this press release with the understanding
that our actual future results may be materially different from
what we expect.
Investor Relations Contact:
Sherry Zheng
718.213.7386
ir@ispiretechnology.com
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SOURCE Ispire Technology Inc.