SOURCE: iWallet


September 12, 2014 15:56 ET

iWallet Names Jack Chadsey CEO; Secure Luxury Techcessories Maker Appoints Retail Veteran to Top Post

SAN DIEGO, CA--(Marketwired - September 12, 2014) - iWallet Corporation (OTCQB: IWAL), the secure luxury techcessories company, has named Jack Chadsey as its new CEO.

Chadsey replaces Steve Cabouli, who will continue to serve as President and a member of the Board of Directors.

Chadsey's retail career includes senior executive positions with premier retailers, including May Department Stores Company, Kohl's, Dayton Hudson, Target and Sunglass Hut International where as President and CEO, he led the company through an IPO and a major international expansion strategy. Since leaving Sunglass Hut, Chadsey has been involved in the private retail sector providing equity capital, board representation and operating management expertise to specialty retailers.

The iWallet expects to usher in a new generation of smart techcessories that leverage the latest technology, such as a biometric fingerprint readers, to not only act as a vault to protect cash, credit cards and personal information, but also as a fashion statement. A registered trademark in the United States for wallets and wallets connected to smartphones, with worldwide patents, iWallet is focused on the design and development of physical, yet innovative personal, luxury security products that incorporate the latest security and communication technologies to protect against identity, personal and financial information theft.

About iWallet: 

Headquartered in San Diego, California, iWallet ( 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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