Toronto, Ontario--(Newsfile Corp. - July 4, 2023) - Tenet Fintech Group Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider and operator of the Cubeler® Business Hub, further to its press release of June 29, 2023, is pleased to announce the appointment of Jean Leblond to the Board of Directors, effective immediately.
Paramount to the success of Tenet in the next six to twelve months will be developing and implementing an effective capital market and funding strategy to allow the Company to continue to build and expand its Business Hub and commercialize its analytics and data-driven product offerings. With the addition of Jean Leblond to its Board of Directors, the Company believes that it has taken a major step toward achieving that objective. Mr. Leblond has extensive experience structuring financings involving both traditional and unique global business ventures. He is a sought-after business consultant with an extensive network of contacts, including CEOs, multinationals, capital market professionals, international conglomerates, and family offices spanning several continents. Mr. Leblond began his professional career in the early 1990s working on high-level government relations initiatives at ministerial offices of the Quebec provincial government and the Canadian federal government where he had the opportunity to interact with Canada's political and economic elite. He went on to spend ten years as a Vice-President at business and economic development consulting firm CAI Global Group ("CAI") before the company was acquired by U.S.-based consulting firm Hickey & Associates in 2022. During his time at CAI, he directly contributed to the establishment of the North American operations of a number of European tech leaders, such as smart-card maker Gemplus International, which later became Gemalto and now operates as Thales DIS after it was acquired by Thales Group (https://www.thalesgroup.com) in 2019. His efforts at CAI helped bring over $8B of foreign investment to Canada. Mr. Leblond is expected to work closely with Tenet CEO, Johnson Joseph, on formulating and executing the Company's capital market and investor outreach strategy. He holds a bachelor's degree in political science from Laval University and a master's degree in international relations from Queen's University.
The Company is also pleased to announce the reinstatement of the following senior executive officers:
- Jean Landreville as Chief Financial Officer
- Claude Theroux as Chief Technology Officer
- Dr. Luis Rocha as Chief Analytics Officer
Tenet's Board of Directors appointed Mayco Quiroz as Chair of the Audit and Risk Committee, which will also be comprised of Jean Leblond and Liang Qiu. Mr. Qiu will Chair the Governance and Nomination Committee, which will also include Mr. Quiroz and Mr. Leblond, while Mr. Leblond will Chair the Human Capital and Compensation Committee supported by Mr. Quiroz and Mr. Qiu. As previously announced, Johnson Joseph was reinstated as the Company's President & Chief Executive Officer, and Mr. Qiu will continue to serve as Chief Executive Officer of the Company's Chinese operations.
About Tenet Fintech Group Inc.:
Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, includes Tenet and all its subsidiaries. Tenet's subsidiaries provide various analytics and AI-based services to businesses and financial institutions through the Cubeler® Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.
For more information, please contact:
Tenet Fintech Group Inc.
Christina Boyd, Director, Investor Relations
Johnson Joseph, Chief Executive Officer
514-340-7775 ext.: 501
CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
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Certain statements included in this presentation constitute "forward-looking statements" under Canadian securities law, including statements in respect of future hires of personnel, future financings, the future operations and investments of and in the Company and any statements based on management's assessment and assumptions and publicly available information with respect to the Company. By their nature, forward-looking statements involve risks, uncertainties and assumptions. The Company cautions that its plans and assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as "believes," "expects," "anticipates," "assumes," "outlook," "plans," "targets", or other similar words. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, holding company with significant operations in China; general economic and business conditions, including factors impacting the Company's business in China such as pandemics (ex.: COVID-19); legislative and/or regulatory developments; global financial conditions, repatriation of profits or transfer of funds from China to Canada, operations in foreign jurisdictions and possible exposure to corruption, bribery or civil unrest; actions by regulators; uncertainties of investigations, proceedings or other types of claims and litigation; timing and completion of capital programs; liquidity and capital resources, negative operating cash flow and additional funding, dilution from further financing; financial performance and timing of capital; and other risks detailed from time to time in reports filed by the Company with securities regulators in Canada, the United States or other jurisdictions. We refer potential investors to the "Risks and Uncertainties" section of the Company's MD&A. The reader is cautioned to consider these and other risks and uncertainties carefully and not to put undue reliance on forward-looking information.
Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement.