VANCOUVER, Sept. 3, 2019 /CNW/ - Universal mCloud
Corp. (TSX-V: MCLD) (OTCQB: MCLDF) ("mCloud" or the
"Company"), a leading provider of asset management solutions
combining IoT, cloud computing, artificial intelligence ("AI") and
analytics, today announced that Ian
Russell, President and CEO of the Investment Industry
Association of Canada ("IIAC"),
will be joining the Company's Board of Directors as Independent
Director, effective immediately. Mr. Russell will serve on all of
the Company's independent committees and will actively work
alongside Michael A. Sicuro,
Non-Executive Chair, to prepare mCloud for listing on the NASDAQ
stock exchange, originally announced on October 16, 2018.
"We are privileged to have Mr. Russell join mCloud's Board of
Directors," said Michael A. Sicuro,
mCloud's Non-Executive Chair. "As one of Canada's most prominent figures in the
investment industry, Mr. Russell brings extensive experience in the
global capital markets that will accelerate the Company's expansion
into new geographies and propel organic growth across all lines of
business."
Mr. Russell is a sought-after presenter, speaker and frequent
media commentator on issues related to the global investment
industry. For over 20 years, he has engaged with regulators and
industry trade groups all over the world, including the
International Organization of Securities Commissions (IOSCO), the
Financial Stability Board (FSB), the European Securities and
Markets Authority (ESMA), the Japan Securities Dealers Association
(JSDA), the Securities and Futures Commission (SFC) in Hong Kong, the U.S. Securities and Exchange
Commission (SEC), the Japan Securities Dealers Association (JSDA),
and the U.S. Securities Industry and Financial Markets Association
(SIFMA).
While in his role at the Investment Dealers Association of
Canada (IDA), and current role as
President and CEO at the IIAC, Mr. Russell has worked with and
amongst various global equity markets, including the TMX Group, New
York Stock Exchange (NYSE), NASDAQ, and the London Stock Exchange
Group. He served as Chairman of the International Council of
Securities Associations (ICSA) from 2014 to 2017, a role that
enabled him to promote and raise awareness of Canada's securities industry and international
capital markets.
Mr. Russell has an Honours degree in Economics and Business from
the University of Western Ontario and a
postgraduate degree in Economics from the London School of Economics and Political Science.
He has completed the Partners, Directors, and Senior Officers
Qualifying Examination, and is a Fellow of the Canadian Securities
Institute.
In addition to Mr. Russell joining mCloud's Board of Directors,
the Company announced today that it has begun the process of
graduating from the TSX Venture Exchange ("TSX-V") to the Toronto
Stock Exchange ("TSX").
About Universal mCloud Corp.
Universal mCloud is creating a more efficient future with the
use of AI and analytics, curbing energy waste, maximizing energy
production, and getting the most out of critical energy
infrastructure. Through mCloud's AI-powered AssetCare™ platform,
mCloud offers complete asset management solutions to three distinct
segments: smart facilities, power generation, and process
industries including oil and gas. IoT sensors bring data from
connected assets into the cloud, where AI and analytics are applied
to maximize their performance. Headquartered in Vancouver, Canada with offices in locations
worldwide including Calgary,
San Francisco, and Beijing, the mCloud family includes an
ecosystem of operating subsidiaries that deliver high-performance
IoT, AI, 3D, and mobile capabilities to customers, all integrated
into AssetCare. With over 100 blue-chip customers and more than
35,000 assets connected in thousands of locations worldwide, mCloud
is changing the way energy assets are managed. For more
information, visit www.mcloudcorp.com.
Neither 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 Universal mCloud Corp.