Class in: Business, Covid-19
Theme : board
MONTRAL, Jan. 15, 2024 (GLOBE NEWSWIRE) — D-BOX Technologies Inc. (D-BOX or the “Company”) (TSX: DBO) announces that Mr. David Montpetit, Chief Financial Officer of the Company, will be leaving the Company on March 31.
The CEO, Mr. Sbastien Mailhot, and the Board of Directors sincerely thank Mr. Montpetit for his valuable contribution and loyalty to D-BOX over the last four years and wish him good luck for the future of his projects.
“I am very proud of what David Montpetit has achieved since joining the company in January 2020, despite the strong headwinds caused by the COVID-19 pandemic, among other challenges,” said Mr. Mailhot.
Mr. Montpetit's departure will take effect on March 31, 2024. He will work closely with Mr Mailhot over the coming months to ensure an orderly transition of his responsibilities. In the meantime, the company will begin a search for a new chief financial officer.
D-BOX redefines and recreates realistic, immersive and tactile entertainment experiences by providing full-body feedback and stimulating the imagination through the effects of movement, vibration and texture. Haptics essentially allows you to feel sensations that you would feel if the body were directly interacting with physical objects. Whether it's movies, video games, music, relaxation, virtual reality applications, metaverse experiences, themed entertainment or professional simulators, D-BOX creates a sense of presence that delights the world in an unprecedented way. Technologies D-BOX Inc. (TSX:DBO) is headquartered in Montreal and has offices in Los Angeles, USA, and Beijing, China. Visit D-BOX.com.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
Certain information contained in this press release may constitute forward-looking statements within the meaning of applicable Canadian securities laws. Forward-looking statements may include, but are not limited to, statements regarding the Company's plans, activities, objectives, operations, strategy, business prospects, financial results and financial condition or the assumptions underlying them, as well as the Company's prospects for the number of movie theaters in the next two to three years . In this document, expressions such as possible, probable, believe, forecast, expect, intend, plan, estimate and similar expressions, their conditional or future form and their negative form, are intended to constitute forward-looking statements. Forward-looking statements should not be construed as guarantees of future performance or results and do not necessarily provide precise information as to whether, how or when such future performance may be realized. By their nature, forward-looking statements are subject to numerous risks and uncertainties and are based on several assumptions that create the possibility that actual results could differ materially from the Company's expectations expressed or implied by such forward-looking statements. There can be no assurance that the events anticipated in the forward-looking statements, including the Company's plans, activities, objectives, operations, strategy, business prospects, financial results and condition, will occur.
These forward-looking statements are based on information known as of the date hereof and/or management's reasonable assumptions regarding future events. They are subject to known and unknown risks, uncertainties and other unforeseeable factors, many of which are beyond the Company's control, including the Company's forecast for the number of theatrical exhibitions over the next two to three years. These and other risk factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements are described in the “Risk Factors” section in the annual information form for the fiscal year ended March 31, 2023, of A copy of which is available on SEDAR+ at www.sedarplus.ca.
Except as required by Canadian securities laws, the Company undertakes no obligation and does not intend to update or revise any forward-looking statements contained in this press release to reflect new information or subsequent events or circumstances for any other reason.
FOR MORE INFORMATION PLEASE CONTACT:
Vice President, Investor Relations
MBC Capital Markets Advisors
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Press release sent on January 15, 2024 4:30 p.m. and distributed by: