TORONTO, April 17, 2019 /CNW/ - Globalive Technology Inc.
(TSX-V: LIVE) (the "Company") today announced that it is ending its
joint venture, Neighbor Billing Inc., following a thorough
consideration of market conditions and strategic alternatives.
Separately, the Company also announced that Chief Technology
Officer Bhavin Shah and Chief People
Officer Sarah Redford have departed
from the Company to pursue other opportunities.
"It's been a privilege to have helped build and lead Globalive
Technology," said Mr. Shah.
"I'm grateful to have had the opportunity to help launch
Globalive Technology and establish the company's culture from the
ground up," added Ms. Redford.
"On behalf of the entire Globalive Technology team, I'd like to
thank Bhavin and Sarah for their contributions," said Anthony Lacavera, the Company's Chief Executive
Officer. "Both demonstrated tremendous leadership and commitment to
Globalive Technology, and we wish them well in their future
endeavours."
About Globalive Technology Inc.
Globalive Technology
is a next generation software company and venture partner
developing innovative solutions to disrupt traditional industries
by leveraging artificial intelligence and machine learning
technology stacks. Globalive Technology is controlled by Globalive
Capital Inc. which has founded and co-founded 12 businesses over
the past 20 years with six successful exits ranging from
$10M to $1.3B
USD. It has also made over 100 venture investments and has
over 45 technology companies in its portfolio. For more
information, visit www.globalivetech.com.
For investor inquiries:
Melanie Barbeau
Account Manager, Renmark Financial Communications
InvestorRelations@globalivetech.com
For media inquiries:
Rob
Moysey
Communications Manager, Globalive
Media@globalivetech.com
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.
SOURCE Globalive Technology
