Toronto, Ontario, Oct 11, 2018 (FSCWire via Comtex) - Toronto, Ontario (FSCwire) - GreenBank Capital Inc. (cse:GBC and OTCMKTS)(cse:2TL) ("GreenBank or the Company") announces that it has appointed Alex Wettreich to the Board of Directors of GreenBank Capital.
Alex Wettreich has spent 20 years creating and executing the go-to-market strategies for high-growth B2B and B2C software companies. He is currently the VP of Sales for Tenfold, an Andreessen Horowitz-funded SaaS software company based in Austin, TX. Previously, he spent 4 years in management at Dropbox and 9 years in management at Convio, which was publicly listed in 2010 and was subsequently purchased for $325 Million in 2011.
Previously Alex spent 5 years in New York consulting on Internet strategy for brands like Meetup, which was purchased by WeWork for $200 Million, British Airways, Disney, and Nokia. He has served on the board of Creative Action and holds a B.A Honors from the University of Texas at Austin.
David Lonsdale, President & CEO of Greenbank Capital commented, “We are delighted that Alex has joined our Board. He is a talented executive who brings with him a wealth of knowledge regarding high-growth companies; experience that will be valuable to GreenBank Capital as we continue our growth trajectory.”
GreenBank is a merchant banking business listed on the Canadian Securities Exchange (trading symbols cse:GBC and OTCMKTS) and is included in the CSE Composite Index. GreenBank’s 100% subsidiary GreenBank Financial Inc. is a merchant bank. GreenBank’s portfolio companies comprise equity investments in 16 small cap businesses, namely; 52% of Blockchain Evolution Inc, owners of the world’s first identification based blockchain, and developers of Xbook a user permissioned and revenue sharing social media platform; 24% of Ubique Minerals Limited, a zinc exploration company in Newfoundland, Canada; 50% of GBC Grand Exploration Inc, a gold exploration company in Newfoundland, Canada; 100% of Medik Blockchain Inc, providing blockchain based medical confidentiality systems to the healthcare community; 100% of Cannabis Blockchain Inc, developers of a digital information management system for the cannabis industry; 19% of Kabaddi Games Inc, developers of a mobile application game based on the sport of Kabaddi; 100% of North America Veterans Insurance Services Inc, an insurance agency holding company; 19% of Inside Bay Street Corporation, a financial news communications company; 30% of Gander Exploration Inc, a minerals exploration company in Newfoundland, Canada; 10% of Reliable Stock Transfer Inc, a Canadian small cap transfer agency; 25% of Buchans Wileys Exploration Inc, a minerals exploration company with interests in Newfoundland, Canada; 10% of The Lonsdale Group LLC, a USA based private equity company focused on small cap investments; 100% of Expatriate Assistance Services Inc, providing relocation services to expatriates; 14% of Slabdeck Technology Inc, developers of a search mobile application; 12% of KYC Technology Inc, owners of a worldwide online 24-hour “Know Your Customer” identification verification process; and 18.25% of Minfocus Exploration Corp (MFX), a mineral exploration company;
Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business and trading in the common stock of GreenBank Capital Inc., the raising of additional capital and the future development of the businesses comprising GreenBank’s investment portfolio. The forward-looking information is based on certain key expectations and assumptions made by the company's management. Although the company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because GreenBank can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and GreenBank disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.