ROI Land Investments Appoints Dr. Sami Chaouch as Chief Executive Officer and Sebastien Cliche as Co-President and Chief Oper...
11 April 2016 - 11:21PM
MONTREAL,
April 7, 2016 - ROI Land Investments Ltd. (OTCQB: ROII) ("ROI"
or the "Company") announced today that it has made the following
changes to its senior management team:
-
Dr. Sami Chaouch has been appointed
Chief Executive Officer and will continue to serve as Executive
Chairman
-
Sebastien Cliche, Co-Founder of ROI,
has been named Co-President and Chief Operating Officer
-
Philippe Germain, a Co-Founder of ROI,
will become Co-President
Dr. Sami Chaouch, age 51, started his career in
investment banking in the Middle-East where he held several senior
executive positions before moving to Canada in 2000 to continue
working on various investment banking mandates, both in Canada and
internationally. Dr. Chaouch served as Executive Vice President,
M&A Head and CFO of a large Canadian Media and TV group for six
years, and currently sits on the Board of Directors of Groupe V
Media and also on the Board of Alliance Pharma. Dr. Chaouch
obtained a business administration degree from HEC Carthage, in
Tunisia, and a Masters degree and Ph.D. in Finance from the
University Paris-Dauphine.
"Sami is a proven leader with institutional
investment, operational and business experience and is well known
for his participative style of leadership," said Philippe Germain,
Co-President of ROI. "With extensive experience at ROI, leadership
positions at other companies and an impressive record of driving
performance, we are confident that as CEO he will help ROI
capitalize on the tremendous opportunity it is addressing."
Dr. Chaouch commented, "I have been intimately
involved in building ROI and am delighted to assume the position of
Chief Executive Officer. ROI has a very unique business model and I
believe there is significant opportunity for us to grow into a
successful, global business."
Mr. Cliche, age 32, is an experienced real estate
and land developer, and Co-Founder of ROI. He has served as Chief
Executive Officer at ROI since March 2014. Prior to joining the
Company, Mr. Cliche served as Executive Vice President at Azur
& Capital, a land and construction bridge fund, where he
oversaw loan origination efforts. Mr. Cliche also served as a
project manager at Richard Cliche Constructions where he managed
commercial and residential construction projects for over a
decade.
"Sebastien has made significant contributions to
ROI throughout the its existence. In his role as Co-President he
will continue to help us develop a strong global presence and to
identify land investment opportunities," commented Mr. Germain.
About ROI Land Investments
Ltd.
ROI Land Investments participates in the early
stages of real estate development. The Company acquires raw land
free of zoning restrictions located in geographies positioned to
benefit from unique economic catalysts. ROI also
manages the permitting process, oversees the construction of
infrastructure and works closely with established developers to
bring the projects to completion. The Company has projects
underway throughout North America and the UAE.
SAFE HARBOR AND INFORMATIONAL
STATEMENT
This press release may contain forward-looking
information, including all statements that are not statement of
historical fact regarding the intent, belief or current
expectations of the company, its directors or its officers with
respect to, among other things: (i) the company's financing plans;
(ii) trends affecting the company's financial conditions or results
of operations; (iii): the company's growth strategy and operating
strategy; and (iv) the declaration and payment of dividends.
The words "may", "would", "will", "expect",
"estimate", "anticipate", "believe", "intend", and similar
expressions and variations thereof are intend to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statement are not a guarantee of future of future
performance and involve risks and uncertainties, many of which are
beyond the company's ability to control, and that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors including the risk
disclosed in the company's statements and reports filed with the
OTC Markets.
Contacts:
KCSA Strategic Communications
Elizabeth Barker / Abbie Sheridan
212-896-1203 / 212-896-12007
roi@kcsa.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ROI Land Investments LTD via Globenewswire
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