The Glimpse Group Appoints Alexander Ruckdaeschel and Maydan Rothblum to its Board of Directors
07 July 2021 - 10:30PM
via NewMediaWire -- The Glimpse Group, Inc. (NASDAQ: VRAR)
(“Glimpse” or the “Company”), a diversified Virtual Reality and
Augmented Reality (“VR” and “AR”) platform company providing
enterprise-focused VR and AR software & services solutions, has
appointed Alexander Ruckdaeschel as an independent director and
Maydan Rothblum, its current CFO, COO and co-founder, as a
non-independent director.
Alexander Ruckdaeschel has worked in the financial
industry for over 20 years in the U.S. and Europe as a co-founder,
partner and senior executive. Since 2012 and until recently, he
served on the Board of Directors of Vuzix, a leading supplier of
smart glasses and AR technology products and services and was the
Chairman of Vuzix’s Compensation Committee. Mr. Ruckdaeschel
co-founded Herakles Capital Management and AMK Capital Advisors in
2008. He was also a partner with Alpha Plus Advisors and Nanostart
AG, where he was the head of their U.S. group. Mr. Ruckdaeschel has
significant experience in startup operations as the manager of DAC
Nanotech-Fund and Biotech-Fund, and sits on several boards.
Following service in the German military, Mr. Ruckdaeschel was a
research assistant at Dunmore Management focusing on intrinsic
value and identifying firms that were undervalued and had global
scale potential.
“We are privileged to welcome Alexander to the
Glimpse’s Board, augmenting what we believe is already a
world-class, majority independent, board of directors,” said Lyron
Bentovim, President & CEO of The Glimpse Group, Inc.
“Alexander’s extensive experience on the Board of Directors of
Vuzix, combined with his skills as an investment portfolio manager
and financial executive, will be of great value as we look to
expand the breadth and depth of our reach as a Company and create
additional value for our shareholders. Additionally, the
Board of Directors approved the appointment of Maydan Rothblum to
the Board. Maydan has been an integral part of Glimpse since
its inception and brings valuable experience and insights in
finance, operations and capital markets, in addition to his
firsthand institutional knowledge of our growth strategy and vision
as our CFO, COO and co-founder.”
About The Glimpse Group, Inc.
The Glimpse Group (NASDAQ: VRAR) is a diversified
Virtual and Augmented Reality platform company, comprised of
multiple VR and AR software & services companies, and designed
with the specific purpose of cultivating companies in the emerging
VR/AR industry. Glimpse's unique business model simplifies
challenges faced by VR/AR companies and creates a robust ecosystem,
while simultaneously providing investors an opportunity to invest
directly into the emerging VR/AR industry via a diversified
platform. For more information on The Glimpse Group, please
visit www.theglimpsegroup.com
Safe Harbor Statement
This press release does not constitute an offer to
sell or a solicitation of offers to buy any securities of any
entity. This press release contains certain forward-looking
statements based on our current expectations, forecasts and
assumptions that involve risks and uncertainties. Forward-looking
statements in this release are based on information available to us
as of the date hereof. Our actual results may differ materially
from those stated or implied in such forward-looking statements,
due to risks and uncertainties associated with our business.
Forward-looking statements include statements regarding our
expectations, beliefs, intentions or strategies regarding the
future and can be identified by forward-looking words such as
“anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“may,” “should,” and “would” or similar words. All forecasts are
provided by management in this release are based on information
available at this time and management expects that internal
projections and expectations may change over time. In addition, the
forecasts are entirely on management’s best estimate of our future
financial performance given our current contracts, current backlog
of opportunities and conversations with new and existing customers
about our products and services. We assume no obligation to update
the information included in this press release, whether as a result
of new information, future events or otherwise.
Company Contact:
Maydan Rothblum
CFO & COO
The Glimpse Group, Inc.
(917) 292-2685
maydan@theglimpsegroup.com
Investor Relations:
Mark Schwalenberg, CFA
Director
MZ Group – North America
312-261-6430
Glimpse@mzgroup.us
www.mzgroup.us
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