Toronto, ON – November 28, 2018: ARHT Media Inc. (the “Company” or “ARHT”) (TSX-V:ART), the global leader in holographic telepresence, is pleased to announce the appointment of two distinguished business executives to the board of directors of the Company, Order of Canada recipient Timothy Casgrain and lawyer David Wetherald.
“Mr. Casgrain and Mr. Wetherald will bring a wealth of experience and knowledge from a variety of industries at the board level, as we position the Company for significant future growth and continue to transition from proof of concept to a significant global presence,” stated ARHT Media CEO Larry O’Reilly.
Mr. Casgrain is a director of Wilmington Capital Management Inc. and former Chair of CBC Radio Canada, as well as a former Executive Vice President at Brookfield Asset Management and Vice Chair of Skyservice Business Aviation. Mr. Casgrain received an undergraduate degree from McGill University and is a Chartered Accountant.
Mr. Wetherald brings over 30 years of legal, human resources and corporate governance experience to our Board. Most recently, Mr. Wetherald was a member of the senior management team at Toromont Industries Ltd. as Vice-President, Human Resources, Legal and Corporate Secretary. His portfolio also included responsibility for Insurance, Pensions and Corporate real estate and a leadership role in health and safety and environmental matters. Mr Wetherald previously enjoyed a successful stint at Torstar Corporation from 1991 to 2002 in progressively senior positions culminating as Director of Development and Legal Affairs and Corporate Secretary. Mr. Wetherald commenced his career as a Corporate Law lawyer at Davies in 1988.
As part of this transition, ARHT Media Founder Rene Bharti and Director Ben Mulroney have resigned their position on the board. The Company thanks them for their significant roles in the development and adoption of the technology and in the growth of the Company.
About ARHT Media
ARHT’s patented Augmented Reality Holographic Telepresence technology is the world’s first complete end-to-end solution for the creation, transmission, and delivery of lifelike digital human holograms. The Company’s technology is protected by U.S. Patent No. 9,581,962.
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ARHT Media trades under the symbol “ART” on the Toronto Venture Stock Exchange.
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This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the appointment and resignation of directors. Generally, forward looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic and competitive uncertainties; regulatory risks; risks inherent in technology operations; and other risks of the technology industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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