Parkit Enterprise Inc.

Parkit Enterprise Inc.

June 09, 2015 09:00 ET

Parkit Announces Appointment of New Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 9, 2015) - Parkit Enterprise Inc. ("Parkit," or "the Company") (TSX VENTURE:PKT)(OTCQX:PKTEF) is pleased to welcome both Bryan Wallner and David Mullen to its Board of Directors.

Mr. Wallner is a veteran parking and transportation executive, having served as Chief Operating Officer at Impark and Senior-Vice President at SP+ Corporation during his more than 25 years in the industry. Throughout his career, he has been a Director of the National Parking Association, a Director and Co-Chairman of the Canadian Parking Association, and a member of Vancouver's Board of Trade.

Mr. Mullen possesses more than 30 years of financial experience, and is recognized as a leader within the private equity industry. He spent the majority of his career as HSBC's Head of Private Equity for the Americas, leading the company's merchant banking operations across Canada, Latin America, and the United States. He currently serves as both a founding Managing Director at Graycliff Partners and Chair of the Canadian Venture Capital and Private Equity Association.

In conjunction with these appointments, Patrick Bonney, Parkit's Vice-President of Corporate Development, has resigned from the position of Director and been appointed the Company's Chief Investment Officer.

These changes expand the size of the Board to six members and serve to increase the proportion of independent board members.


Parkit Enterprise Inc. is engaged in the acquisition, optimization, and asset management of income-producing parking facilities across the United States.



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Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.

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