TORONTO, Sept. 27, 2017 /CNW/ - Fountain Asset
Corp. (FA: TSXV) (the "Company") today announces the
retirement of Jason G. Ewart as
Chief Executive Officer and a director of the Company, effective
October 15, 2017. Since
co-founding the Company in 2003, Mr. Ewart has served as CEO and
Director. The Company is searching for a new Chief Executive
Officer and expects to fill the position on a timely basis. Mr.
Ewart has agreed to assist with the transition.
"This is a natural evolution in the development of
Fountain. I look forward to assisting with the strategic
initiatives and transitioning of a new CEO for Fountain," said Mr.
Ewart. He added, "After producing six consecutive profitable
quarters, Fountain is well positioned today for its next stage
of expansion with a strong balance sheet and a diverse portfolio of
investee companies. I cherish the time I have spent building
and working with my management team at Fountain."
The board of directors of the Company expresses its appreciation
for Jason's contributions to the Company over the last 15 years and
wishes him the best with his future endeavours.
About Fountain Asset Corp.
Fountain Asset Corp. is a merchant bank which provides equity
financing, bridge loan services (asset back/collateralized
financing) and strategic financial consulting services to companies
across many industries such as oil & gas, mining, real estate,
manufacturing, retail, financial services, technology and
biotechnology.
Forward-Looking Statements
Certain information contained in this press release constitutes
forward-looking information, which is information relating to
possible events, conditions or results of operations of the
Company, which are based on assumptions and courses of action and
which are inherently uncertain. All information other than
statements of historical fact may be forward-looking information.
Forward-looking information in this press release includes, but is
not limited to, statements regarding the ability of the Company to
find a new CEO on a timely basis. Forward-looking information
involves known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from
those anticipated in such forward-looking information. Some of the
risks and other factors which could cause results to differ
materially from those expressed in forward-looking information
contained in this press release include, but are not limited to:
the ability of the Company to successfully find a new permanent CEO
on a timely basis or at all. The forward-looking information
contained in this press release is provided as at the date of this
press release, based upon the opinions and estimates of management
and information available to management as at the date of this
press release, and the Company undertakes no obligation to update
publicly or revise any forward-looking information, whether as a
result of new information, future events or otherwise, except as
required by law. Readers are cautioned not to place undue reliance
on forward-looking information contained in this press release.
Neither TSX Venture Exchange Inc. nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Fountain Asset Corp.
