Moseda Technologies Inc.
TSX VENTURE : MSD

Moseda Technologies Inc.

January 18, 2016 07:00 ET

Moseda Announces Appointment of Experienced Healthcare Technology Executive

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 18, 2016) - Moseda Technologies Inc. (TSX VENTURE:MSD) ("Moseda" or the "Company"), a technology company focused on developing progressive mobile health (mHealth) and telemedicine solutions for institutional and home healthcare, is pleased to announce that it has appointed industry expert Dr. Lisa Crossley, PhD., P.Eng. as CEO and Director and Mr. Sameet Kanade as President and Chairman of the Board as the Company aims to ramp up its client acquisition strategy.

Dr. Crossley is an accomplished healthcare technology executive with a proven track record of successfully building and leading global tech companies. She has diverse experience across multiple market segments, including healthcare information technology, therapeutics, medical devices, life science tools and diagnostics. Most recently, Dr. Crossley was CEO of VitalHub Corp., a healthcare IT company that provides clinicians with secure mobile access to comprehensive patient health information. Her prior experience includes leadership positions as CEO of Quantum Dental Technologies and President & CEO of Natrix Separations.

Dr. Crossley has raised over $35 Million in venture capital and angel financing, negotiated channel partner agreements with major multinational market leaders and built customer bases in North America, Europe and Asia. She holds a B.Sc. in Anatomy & Cell Biology from McGill University and a B.A.Sc. and Ph.D. in Chemical Engineering from Queen's University, and is a licensed Professional Engineer in the Province of Ontario.

Dr. Crossley currently serves on the Genome Alberta Board of Directors and on the Mitacs Research Council. She has previously acted as a Board Director for the Ontario Bioscience Innovation Organization (OBIO), Viron Therapeutics, Boyd Technologies, and Women in Science and Technology Businesses (WSTB) and has held numerous Advisory Board appointments. She was a member of the Council of Canadian Academies' Expert Panel commissioned by Industry Canada to conduct a comprehensive assessment of the State of Industrial R&D in Canada.

"I am excited to be joining the leadership team at Moseda and leveraging my relationships in the North American and International healthcare markets to add immediate value to Moseda's business strategy." said Dr. Crossley.

Sameet Kanade has been actively involved in the Canadian technology industry over the past 10 years having worked within equity research at several firms building upon his prior experience in the technology VC world. Over the past 2 years, he has advised and raised approximately $40 million for publicly listed technology companies and in excess of $100 million for two privately-held diversified companies in Canada and Europe.

Prior to completing an MBA at the University of Toronto in 2006, he worked at PricewaterhouseCoopers and Ernst & Young for over 5 years with the assurance department on global mandates. Mr. Kanade is an Associate Member of the Institute of Chartered Accountants of India. His experience with valuation and in-depth macro and company specific analysis has been widely publicized within the US and Canadian media.

The board thanks Mr. Nicholas Murray for his contributions and wishes him the best in future endeavours.

ON BEHALF OF THE BOARD

Sameet Kanade, President & Chairman of the Board

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.

Cautionary Statements Regarding Forward-Looking Information

Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements".

We caution you that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements. Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management.

Moseda Technologies Inc. (the "Company") does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company's historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.

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