Global Remote Technologies Ltd.
CNSX : RGT
FRANKFURT : GR9

Global Remote Technologies Ltd.

May 03, 2016 19:07 ET

Global Remote Announces New CFO

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2016) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Global Remote Technologies Ltd. (CSE:RGT)(FRANKFURT:GR9) (the "Company" or "Global Remote") is pleased to announce the appointment of Ms. Rebecca Kingery as Chief Financial Officer ("CFO") following Mr. Richard C. Weiner's resignation as CFO.

Ms. Kingery is the founder and president of RMK Accounting Solutions which provides a variety of accounting services to small businesses, specializing in assessing client accounting requirements and developing innovative solutions to meet corporate goals and objectives.

Prior to establishing her own accounting business, Ms. Kingery had over 20 years' experience in providing accounting service which specifically included, but not limited, to the United States Government accounting and contracting arena. Ms. Kingery was the comptroller for a $109M division of a major defense contractor where she had primary responsibility for contract administration and financial management of contracts, liaison between the customer and other corporate entities and subcontractors in the performance of contract. In addition, she oversaw the corporate budget consolidation process, as well as the preparation of any annual forecasts and quarterly revisions; monitored the accounting department spending and assisted in the transition and implementation to a new Enterprise Resource Planning system.

Ms. Kingery earned a BS from Florida State University and is active in a variety of civic and charitable organizations.

With respect to Ms. Kingery's appointment, Chris Dorris, CEO of the Company states: "We are pleased to bring someone with Rebecca's background and track record of success to Global Remote. We also would like to thank Mr. Richard C. Weiner, the outgoing CFO, for his work and efforts. We wish him the best in his future endeavors"

About Global Remote Technologies

The Company focuses on the deployment of emerging technologies for the energy sector. The Company has licensed multiple patent pending tools for the oil and gas industry. Using its advanced engineering and leadership experience, the Company brings cutting edge processes and technology to the oil patch. Its remote sensor packages transmit telemetry from drilling and production sites in real time to a central server where it is viewed in the cloud. The systems are designed to provide key personnel an early warning system to avoid equipment failures or costly compliance fines. The Company collects and communicates vital information on the status of equipment, tanks, and pipelines for exploration, production, and transmission of oil, gas and water. In addition, the Company recently acquired a Helix downhole well stimulation tool and related technology. The tool uses a patent pending design and engineering method to achieve a unique flow pattern for wellbore stimulation. The Company is headquartered in Vancouver, BC, with offices in Denver, Colorado and Houston, Texas.

Further information about the Company is available under its profile on the SEDAR website (www.sedar.com), on the CSE website (www. thecse.com) and on its corporate website (www.grtcse.com).

On Behalf of the Board of Directors

GLOBAL REMOTE TECHNOLGIES LTD.

Chris Dorris

CEO and Director

The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.

FORWARD LOOKING STATEMENTS

Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors.

Readers should not place undue reliance on the Company's forward-looking statements, as the Company's actual results, performance or achievements may differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements if known or unknown risks, uncertainties or other factors affect the Company's business, or if the Company's estimates or assumptions prove inaccurate. Therefore, the Company cannot provide any assurance that such forward-looking statements will materialize. Factors that could cause actual results to differ materially from those in forward looking statements include, the timing and receipt of government and regulatory approvals, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process, and continued availability of capital and financing and general economic, market or business conditions, and fees charged by service providers. The forward-looking statements included in this news release are made as of the date hereof and the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.

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