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OTTAWA,
ON, Oct. 29, 2024 /CNW/ - Martello
Technologies Group Inc., ("Martello" or the "Company") (TSXV:
MTLO), a provider of user experience management solutions
purpose-built for Microsoft Teams, is pleased to announce the
appointment of Michael Contento to
the Company's Board of Directors (the "Board"), effective
November 4, 2024. Following Mr.
Contento's appointment, the Board will comprise 7 directors.
Currently a Business Innovation Executive and Certified Exit
Planning Advisor (CEPA) at F12.net, which provides IT and cyber
security services to small and medium-sized businesses, Mr.
Contento has a rich leadership background in the IT managed
services sector. Prior to joining F12.net in late 2021, Mr.
Contento was the CEO of My Blue Umbrella, a managed service
provider (MSP) he founded in 1996 that grew at a 15% compound
annual growth rate. My Blue Umbrella helped businesses become more
productive and profitable by harnessing technology's power and
potential through digital transformation and automation. Throughout
his career, Mr. Contento has engaged in multiple entrepreneurial
ventures, with a wide range of projects including IT solutions,
real estate, franchises, and pharmacy retail.
"I'm pleased to welcome Michael to Martello's board of
directors", said Terry Matthews,
Chairman of Martello. "His entrepreneurial perspective and
experience in the IT managed services sector will be invaluable to
Martello as we scale our partner program. I look forward to working
with Michael to bring even greater value to Microsoft and Mitel
partners with Vantage DX."
"I am incredibly excited to join the board of directors at
Martello," said Mr. Contento. "With a deep understanding of the
managed IT services sector, I see limitless potential to empower
our partners through Martello's Vantage DX SaaS-based experience
management solution. By working together, we can create
extraordinary opportunities for MSPs and their customers. Our focus
will be on driving exceptional value through innovative,
high-quality services that not only attract but retain customers
for the long term."
Director appointments are subject to TSXV approval.
About Martello Technologies Group
Martello (TSXV: MTLO) is a technology company that provides user
experience management solutions purpose-built for Microsoft Teams.
The Company's Vantage DX solution enables IT teams to deliver a
frictionless Microsoft Teams experience to their users. With
Vantage DX, IT can move from reactive to proactive by detecting
potential performance issues before they impact users, and speeding
resolution time from days to minutes. This leads to increased
productivity, realizes efficiencies, and allows businesses to
harness the full value of Microsoft Teams. Martello is a public
company headquartered in Ottawa,
Canada with employees in Europe, North
America and the Asia
Pacific region. Learn more at
http://www.martellotech.com
This press release does not constitute an offer of the
securities of the Company for sale in the
United States. The securities of the Company have not been
registered under the United States Securities Act of 1933, (the
"1933 Act") as amended, and may not be offered or sold within
the United States absent
registration or an exemption from registration under the 1933
Act.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of
the securities in any state in which such offer, solicitation or
sale would be unlawful.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
Cautionary Note Regarding Forward-Looking
Information
This news release contains "forward-looking information"
within the meaning of applicable Canadian securities legislation.
Forward-looking information can be identified by words such as:
"anticipate," "intend," "plan," "goal," "seek," "believe,"
"project," "estimate," "expect," "strategy," "future," "likely,"
"may," "should," "will" and similar references to future periods
and includes, but is not limited to, information, statements and
expectations regarding activities, events or developments that the
Company expects or anticipates will or may occur in the
future.
Forward-looking information is neither a statement of
historical fact nor assurance of future performance. Instead,
forward-looking information is based only on our current beliefs,
expectations and assumptions regarding the future of our business,
future plans and strategies, projections, anticipated events and
trends, the economy and other future conditions. Because
forward-looking information relates to the future, such statements
are subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict and many of which are
outside of our control. Our actual results and financial condition
may differ materially from those indicated in the forward-looking
information. Therefore, you should not rely on any of the
forward-looking information. Important factors that could cause our
actual results and financial condition to differ materially from
those indicated in the forward-looking information include, among
others, the following:
- Continued volatility in the capital or credit markets and
the uncertainty of additional financing.
- Our ability to maintain our current credit rating and the
impact on our funding costs and competitive position if we do not
do so.
- Changes in customer demand.
- Disruptions to our technology network including computer
systems and software, as well as natural events such as severe
weather, fires, floods and earthquakes or man-made or other
disruptions of our operating systems, structures or
equipment.
- Delayed purchase timelines and disruptions to customer
budgets, as well as Martello's ability to maintain business
continuity as a result of COVID-19.
- and other risks disclosed in the Company's filings with
Canadian Securities Regulators, including the Company's annual
information form for the year ended March
31, 2021 dated January 7,
2022, which is available on the Company's profile on SEDAR
at www.sedar.com.
Any forward-looking information provided by the Company in
this news release is based only on information currently available
and speaks only as of the date on which it is made. Except as
required by applicable securities laws, the Company undertakes no
obligation to publicly update any forward-looking information,
whether written or oral, that may be made from time to time,
whether as a result of new information, future developments or
otherwise.
SOURCE Martello Technologies Group Inc.