SOURCE: iWallet

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October 08, 2014 11:15 ET

iWallet Appoints Three New Members to Its Board of Directors

SAN DIEGO, CA--(Marketwired - October 08, 2014) -  iWallet Corporation (OTCQB: IWAL), the secure luxury techcessories company, announced it has appointed three new members to its board of directors including Carl Rosen, former COO of Bulova, then international consumer luxury goods company; Charles Ng, VP of sales at NEXT Biometrics and the former North American director of sales for Fingerprint Cards and sales director for Authentec, a biometric fingerprint technology; and Anthony Durkacz, EVP of the investment firm First Republic Capital Corporation.

"Having recently taken over the helm at iWallet, I am confident that this newly invigorated team, coupled with my retail background, has the right combination of experience, diverse skills and domain expertise to help iWallet target the impressive demand growth in the techcessories market," said iWallet CEO Jack Chadsey.

Carl Rosen is principal of Shelter Rock International, LLC, which provides comprehensive consulting services specializing in the luxury goods sector. He consults in the launch or expansion of watch, jewelry or eyewear lines on a worldwide basis, and in licensing, sourcing, asset disposition, and sales of state-of-the-art marketing, sales and survey technologies. Mr. Rosen also currently serves as the director of anti-counterfeiting of the American Watch Guild. Prior to founding Shelter Rock International in 2010, Mr. Rosen was with Bulova Corporation, an international consumer luxury goods company, and its former parent company, Loews Corporation. Loews Corporation is a conglomerate with holdings in insurance, hotels and energy, and previously in tobacco and theaters. In 2008, Bulova was acquired by Citizen Watch Co. Ltd. (Japan). From 1980 - 2001, Mr. Rosen simultaneously held different positions in both organizations. From 2007 to 2010, he was the chief operating officer of Bulova Corporation, and from 2002 to 2007, he was the senior vice president for worldwide operations at Bulova. From 1999 to 2001 he was chief information officer at Loews while also serving as a senior vice president for Bulova. From 1988 to 1999, he served as executive director of systems development at Loews Corporation while also serving as an executive vice president at Bulova Corporation. From 1985 to 1988, Mr. Rosen was the director of the Information Center at Loews. From 1980 to 1985, he was a consultant for Management Advisory Services at Loews. From 1977 to 1980, he was the manager of international finance and planning at Continental Can Company. Mr. Rosen holds an MBA from the Wharton School at the University of Pennsylvania, and a B.S. in Civil Engineering from Tufts University.

Charles Ng is currently the VP of sales, Americas for NEXT Biometrics. In that position, he is responsible for selling biometric sensor solutions to top tier mobile and PC original equipment manufacturers as well as the standard biometrics physical access control, token and NEXT enable biometrics market spaces. Prior to this position, Mr. Ng was the head of FingerPrint Cards' biometric business operations in North America, where he was responsible mainly for the top-tier PC and mobile-market segments. In 2005, he joined UPEK, a leader in biometric fingerprint security solutions, as its sales director Americas. At UPEK, Mr. Ng grew the revenue from $200K to $24M in two years. He managed sales to major Asian original design manufacturers, including Foxconn, Wistron, Chicony in China, and IIDA in Japan. In 2010, UPEK merged with AuthenTec, which was later acquired by Apple, Inc. in 2012. During his time with UPEK/Authentic/Apple, he was responsible for selling over $110M in biometric fingerprint reader solutions. Prior to that position, Mr. Ng was the VP of sales at Valicert, a secure Internet communications leader. Mr. Ng has also worked in the telecommunications industry at ROLM/IBM/Siemens, Network Equipment Technologies and Copper Mountain Networks, holding various business-development and sales-management positions. He holds a bachelor's degree in business administration.

Anthony Durkacz is currently executive vice president at First Republic Capital Corp., a position he has held since January 2014. From January to December 2013, he was the president of Capital Ideas Investor Relations. From January 2011 to January 2013, he was CFO and a director of Snipp Interactive Inc. He was instrumental in the financing and public listing of Snipp Interactive Inc. with operations in Canada, the U.S., Mexico and India. Mr. Durkacz is also the owner and president of Fortius Research & Trading Corp., which provides financial and accounting consulting services to micro and small cap companies in various sectors, and develops investment strategies for high-net-worth individuals. From 2006 to 2009, he served as COO and CFO of MKU Canada Inc. and engaged in mergers and acquisitions around the globe. From 2002 to 2006, he served as CFO of Astris Energi Inc., a dually listed public company in the U.S. and Canada, which was acquired by an international conglomerate. He began his career at TD Securities on the capital markets trading floor. Mr. Durkacz holds an honors bachelor of business administration from Brock University with a major in both accounting and finance.

About iWallet:

Headquartered in San Diego, California, iWallet (www.iwalletusa.com) is a secure, luxury techcessories company, focused on its robust patent and trademark portfolio in the growing biometric market and combining the latest security features with luxury appointments. iWallet is licensed by Apple Inc. as an official Accessory Developer.

Forward-Looking Statements

This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The company has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect the company's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the company's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information contained in this press release including such forward-looking statements.

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