active : Administrative board
Montreal, January 15, 2024 (GLOBE NEWSWIRE) — Dbox Technologies Inc (D-BOX or the Company) (TSX: DBO), announces that Mr. David Montpetit, the Company's Chief Financial Officer, will leave the Company on March 31.
The CEO, Mr. Sebastien Mailhot, and the Board of Directors sincerely thank Mr. Montpetit for his valuable contribution and loyalty to D-BOX over the past four years, and wish him good luck in his future ventures.
“I am very proud of what David Montpetit has accomplished since joining the company in January 2020, despite the strong headwinds caused by the COVID-19 pandemic, among other challenges,” Mr. Mailhot said.
Mr. Montpetit's departure will be effective on March 31, 2024. He will work closely with Mr. Mailhot over the coming months to ensure an orderly transition of his responsibilities. Meanwhile, the company will begin the search for a new CFO.
About Dbox
D-BOX redefines and creates realistic, immersive and tactile entertainment experiences by providing full-body feedback and stimulating the imagination through motion, vibration and texture effects. Touches essentially allow you to feel the sensations you would feel if your body interacted directly with physical objects. Whether it's movies, video games, music, relaxation, virtual reality apps, Metaverse experiences, themed entertainment or professional simulators, D-BOX creates a sense of presence that excites the world in an unprecedented way. D-BOX Technologies Inc. (TSX:DBO) is headquartered in Montreal with offices in Los Angeles, United States, and Beijing, China. Visit D-BOX.com.
Caution regarding forward-looking statements
Certain information contained in this news release may constitute forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements may include, among other things, statements about the Company's plans, activities, objectives, operations, strategy, business prospects, financial results, financial condition or the assumptions underlying them, as well as the Company's expectations for a number of cinema screens over the next two or three years. In this document, expressions such as may, likely, believe, expect, expect, intend, plan, estimate and similar expressions, and their conditional or future forms, and their negative forms, are intended to mean forward-looking statements. Forward-looking statements should not be construed as a guarantee of future performance or results and do not necessarily indicate precisely whether, how or when such future performance may be achieved. By their nature, forward-looking statements are subject to numerous risks and uncertainties and are based on numerous assumptions that give rise to the possibility that actual results may differ materially from the Company's expectations expressed or implied by such forward-looking statements. No assurance can be given that events anticipated in forward-looking statements will occur, including plans, activities, objectives, operations, strategy, business prospects, financial results and condition of the Company.
These forward-looking statements are based on information known as of the date hereof and/or management's good faith beliefs regarding future events. It is subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the Company's control, including the Company's forecast of the number of theatrical screens over the next two to three years. These and other risk factors that could cause actual results to differ materially from the expectations expressed or implied by the forward-looking statements are described in the section entitled Risk Factors in the Annual Information Form for the year ended March 31, 2023, a copy of which is available on SEDAR+ at www. sedarplus.ca.
Except as required by Canadian securities laws, the Company does not undertake and does not intend to undertake any obligation to update or revise any forward-looking statement contained in this news release to reflect new information, subsequent events or circumstances or for any other reason.
For more information, please contact:
Trevor Hessler
Vice President of Investor Relations
MBC Capital Markets Consulting
416-500-8061
[email protected]
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