Tom Wenz Moves to CFO Role at Vogogo

LONDON, ENGLAND and PALO ALTO, CALIFORNIA and CALGARY, ALBERTA--(Marketwired - Jan. 8, 2016) - Risk management and payment processing specialist Vogogo Inc. ("Vogogo") (TSX VENTURE:VGO) today announced that its current COO, Tom Wenz, will transition to the role as Vogogo's Chief Financial Officer (CFO), effective immediately. Mr. Wenz replaces current part-time CFO, Karim Teja, who will transition to a consulting role within the Company.

US-based Wenz, a certified public accountant with an MBA, brings a wealth of CFO and industry experience to the new role. Vogogo expects this move to enhance the Company's operational effectiveness and, because Tom is based in the US, with extensive experience operating in that market, it is expected that he will add significant value to the Company's US market expansion.

Vogogo CEO Geoff Gordon said of the appointment, "Tom has been a senior member of the Vogogo team since 2014. He is a seasoned payments and risk management professional who brings comprehensive capabilities to the CFO role. Tom is a natural CFO and I am confident that, within this role, he will elevate the Company to another level of excellence. We really appreciate everything Karim has done for Vogogo and we look forward to his ongoing support in a consulting capacity."

About Vogogo Inc.

Vogogo is a TSX Venture Exchange ("TSXV"), publicly traded, risk management and payment services company. Founded in 2008, Vogogo designed, built and launched its automated risk management and payment processing technology while continuing to grow its expertise in software development, technology, banking, compliance, payments and transactional risk management. Vogogo is now executing on its plan to offer its services to key global markets. The plan focuses on market opportunities where Vogogo believes it has a competitive advantage due to its experience, positioning and technology.

For further company information please view the Vogogo Media Kit.

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This press release contains certain forward-looking statements. The words "will," "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "should," and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by Vogogo. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Vogogo. Vogogo does not have any obligation to update or revise any forward-looking statements except as expressly required by applicable securities laws. See Vogogo's Annual Information Form for the year ended December 31^st, 2014 and its Management's Discussion and Analysis for the three and nine month periods ended September 30^th, 2015 for a detailed discussion of risk factors.