NEW YORK, Jan. 13, 2022 (The Globe Newswire) – Logic, Inc. (OTCQX: LGIQ, NEO: LGIQ), the global provider of award-winning consumer acquisition solutions, today announced the restructuring of the company’s senior management team to better implement the previously announced strategic direction. The changes are effective immediately and are as follows:
- Brent Swain, co-founder and CEO of Logiq, has been named CEO, a position he previously held from 2014 to 2020. He succeeds Tom Furukawa.
- John McNeil has been appointed Chief of Staff to the position of Director of Operations, a position he previously held from December 2019 to November 2020. He succeeds Stephen Hartman.
- Haig Newton, President of DataLogiq, former President of Logiq Consumer Marketing, and co-founder of Push Interactive, will lead strategy and vision.
- Manny Bentesse, founder of Rebel AI, will lead product development (Logiq acquired Rebel AI in March 2021).
- Bennett Robinson, Senior Vice President of Product, is active in compliance and data protection initiatives and will lead those efforts.
- Chris Janke, co-founder of Push Interactive (acquired in early 2020), has been promoted to EVP Media.
- Tony Pounds, Digital Media Specialist at DataLogiq, has been promoted to Vice President of Reengagement.
- Paige Colleredo has been appointed as Logiq’s Senior Media Manager.
- Chad Phillips has been appointed Senior Vice President of Growth.
- David Niaz has been appointed Senior Vice President of Engineering.
We anticipate that some of the above roles will be formalized with official titles after further discussion and approval by the Board of Directors and will announce these titles as soon as they are completed.
“Logiq has grown tremendously and rapidly in development just in the past two years,” said Logiq CEO and CEO Brent Suen. “With the pending division of our mobile commerce business, AppLogiq, our acquisitions of Push, Fixel and Rebel are solidly combined with strong customer attraction, our entry into data-driven digital marketing is complete and we have a platform to move forward towards customer acquisitions as well as opportunistic mergers and acquisitions. “.
Mr. Swain added, “Logiq’s reorganization of our management talent is a positive step that qualifies us to increase our operational and financial performance to enhance shareholder value.”
“I deeply appreciate the commitment and execution that Tom Furukawa and Stephen Hartman have made to the organization, and we sincerely wish them well in their next opportunities. Logiq is so lively, and I believe this reorganization strengthens the smart organization that Tom and Steve helped create and we still believe we are still in Well positioned with products and services, and most importantly, a team that is passionate about dealing with the market opportunities before us.”
Logic Inc. is a leading global provider of e-commerce and customer acquisition solutions based in the United States. Its DataLogiq business provides a data-driven, end-to-end marketing and consumer acquisition solution. LogiqX™ AI-powered data engine delivers valuable consumer insights that boost ROI for online marketing spend and personalization. The company’s Fixel technology provides simplified online marketing with important privacy features.
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Important notices regarding forward-looking statements
This press release contains certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor law created by those divisions. This press release also contains forward-looking statements and forward-looking information within the meaning of Canada’s securities legislation that relates to Logiq’s current expectations and opinions about future events. Any statements that express or include discussions about expectations, beliefs, plans, goals, assumptions, events, or future performance (often, but not always, through the use of words or phrases such as “likely to produce,” “expected to,” “expected” “will continue”, “expected”, “expects”, “believes”, “estimates”, “intends”, “plans”, “expects”, “expects”, “strategy”, “objectivity” and “expects”) are not Historical facts and may be forward-looking statements and may include estimates, assumptions and uncertainties that could cause actual results or results to differ materially from those expressed in such forward-looking statements. No guarantee can be given that such expectations will prove correct and such forward-looking statements included in this press release should not be relied upon inappropriately.
These statements speak only as of the date of this press release. Forward-looking statements are based on a number of assumptions and are subject to a number of risks and uncertainties, many of which are beyond Logiq’s control, which could cause actual results and events to differ materially from those disclosed or implied by such forward-looking statements. In particular and without limitation, this press release contains forward-looking statements regarding our products and services, continued use and/or demand for our products and services, projections regarding our revenue and revenue generation potential for our products and services, our strategic partnerships and alliances, and the impact of global pandemics (including COVID- 19) on demand for our products and services, industry trends, overall market growth rates, our growth strategies, the continued growth of addressable markets for our products and solutions, business plans and strategies, and the proposed separation of Logiq’s AppLogiq and DataLogiq businesses into two public companies, including, for example Without limitation, our ability to identify and successfully complete the envisaged strategic transactions, the structure of any such transaction, the timing of such transaction, the business assessment after the completion of any such transaction, if any, and other risks are described in the Company’s prior press releases and in its files with the Committee The Securities and Exchange Commission (SEC) including its annual report on Form 10-K and any subsequent public filings, and files filed in accordance with of Canadian securities legislation and available at www.sedar.com, including under the heading “Risk Factors” in the Company’s Canadian Prospectus.
Logiq undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors appear from time to time, and Logic cannot predict all of them, or assess the effect of each such factor or the extent to which any factor, or combination of factors, might cause results to differ materially from those factors. contained in any forward-looking statement. Any forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement.
Brent Swain, CEO
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