SOURCE: Internet of Things Inc.

Internet of Things Inc.

August 11, 2016 11:16 ET

Internet of Things Inc Appoints New Directors & Shareholders Approve All Matters at Annual & Special Meeting

TORONTO, ON--(Marketwired - August 11, 2016) - Internet of Things Inc. (TSX VENTURE: ITT) ("IoT Inc." or the "Company"), a technology company that is focused on acquiring and implementing disruptive Industrial IoT technologies and solutions, announces all matters were approved at the Company's annual and special meeting of shareholders (the "AGM") held in Toronto on August 9, 2016. The Company is pleased to welcome two new directors Jerry Grafstein and Gali Bar-Ziv, to its Board of Directors. The shareholders re-elected Michael Frank, Millard Roth and Richard Zhou as directors of Internet of Things Inc.

The Hon. Jerry S. Grafstein, Q.C., holds degrees from the University of Western Ontario and the University of Toronto Law School and has taught the Bar Admission Course at Osgoode Hall. He has wide-ranging legal and business experience in all aspects of media. Mr. Grafstein was a co-founder of a range of media companies, focusing on broadcasting, cable, communications, film production and publication enterprises in Canada, the USA, the UK, South America. He recently co-founded on-line news sites from Canada, USA, Brazil, China, Russia, Africa, UK, Europe and the Mideast. Mr. Grafstein advised several key government ministries, including Transportation, External Affairs, Consumer and Corporate Affairs and Justice. He was appointed to the Senate of Canada in 1984 by then Prime Minister Pierre Elliott Trudeau. Mr. Grafstein served on all Senate Committees, including the Foreign Affairs and the Legal and Constitutional Affairs Committees. He served as Chairman of the Senate Banking, Trade and Commerce Committee. While in the Senate, Mr. Grafstein was a long serving Co-Chair of the Canada-United States Inter-Parliamentary Group, and a long serving senior officer of the Organization for Security and Co-Operation in Europe Parliamentary Assembly (OSCE PA). He retired from the Senate on January 1, 2010. Mr. Grafstein continues his law practice in corporate finance and communication law and as counsel emeritus to Minden Gross LLP in Toronto and remains active in the local affairs in Toronto. Mr. Grafstein now devotes most of his business time to technology start-ups in Canada, U.S. and Latin America.

Gali Bar-Ziv brings more than 15 years of management and entrepreneurial experience, including financing, mergers and acquisitions, strategic planning, channel development and corporate development with extensive international experience in Israel, China, and Latin America. He serves as the Chief Operating Officer of Lingo Media Corporation and President & CEO of its subsidiary, ELL Technologies Ltd.. Previously Mr. Bar-Ziv profitably grew a sale, marketing and distribution start-up to sales growth of more than 700% year over year. Prior to that, he successfully turned around the largest service division of a $300 Million financial services company while at Fairfax Financial. Mr. Bar-Ziv holds a Bachelor of Law (LL.B) degree from the University of London and an MBA in Strategic and Entrepreneurial studies from the Schulich School of Business in Toronto.

In addition, shareholders also approved the reappointment of MNP LLP, Chartered Accountants as auditors.

Subsequent to the AGM, the directors reappointed Michael Frank as President & CEO, Khurram Qureshi as Chief Financial Officer and Manish Dixit as Chief Technology Officer.

The details of the matters approved at the Meeting are set forth in Internet of Things' Information Circular dated July 5, 2016 and posted on SEDAR at www.sedar.com.

About Internet of Things Inc. (TSX VENTURE: ITT)

Internet of Things Inc. (www.iotintl.com) is an IoT software and solutions provider focused on acquiring and implementing strategic disruptive solutions targeting the Industrial IoT markets including: manufacturing, energy management, agriculture, transportation, etc. Through our global network, the Company is forging partnerships to bring leading edge IoT products and services to market. Internet of Things Inc. plans to enter into: distribution partnerships starting in China and technology partnerships in Canada, United States & Israel with leading universities, research institutes and companies.

Forward Looking Statements

Certain statements herein may contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Forward-looking statements or information appear in a number of places and can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements and information are subject to risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. There can be no assurance that a forward-looking statement or information referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of the Company. We undertake no obligation to reissue or update any forward looking statements or information except as required by law. All forward-looking statements and information herein are qualified by this cautionary statement.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Contact Information

  • For further information, contact:

    Internet of Things Inc.

    Michael Frank
    President & CEO
    Tel: (416) 677-9277
    Fax: (866) 927-1222
    Email: mfrank@iotintl.com

    To learn more, visit: www.iotintl.com