LGLOF - Link Global Technologies Announces New Chief Executive Officer and Appointment of Director
(TheNewswire)
Vancouver, B C , Canada – TheNewswire - February 25 , 2022, LINK GLOBAL TECHNOLOGIES INC. (CSE:LNK )(CNSX:LNK.CN) ( FRA:LGT ) ( OTC:LGLOF) (“LINK” or the“Company”), an innovative power and infrastructure solutionsprovider for digital currency mining and data hosting operations,announces that Stephen Jenkins has resigned as the Company’s ChiefExecutive Officer and President. Stephen Jenkins will remain as adirector of the Company . The Company has appointed Daniel Feldman as its ChiefExecutive Officer in place of Stephen Jenkins and as a director of theCompany.
Mr. Feldman has a J.D. from Boston University and anLL.M. in securities and financial regulation from GeorgetownUniversity’s law school. He is a former senior attorney in the USSEC’s enforcement division. Mr. Feldman served for over a decadeas the corporate secretary for what was the fourth largest oil companyin the world. He has also served on boards of directors for manycompanies, including a fuel cell company in the U.K., an oil refineryin Lithuania, and a Canadian owned and listed oil company inKazakhstan. He has sat on other boards in Luxembourg, the Netherlands,BVI and Cyprus. Daniel hosted and curated crypto / blockchainmeet-ups in New York City for three years and founded a bitcoin miningcompany that partnered with a large publicly traded energy company inthe United States to mine bitcoin leveraging the company’s assets tomine at 2.513¢ per kWh.
Mr. Feldman, Chief Executive Officer of LINK states,“I appreciate the confidence Kevin Ma and Link’s board ofdirectors has shown in selecting me as the Company’s next CEO. Ilook forward to the next steps as we grow Link into a company that wecan all be proud of. The cryptocurrency data centre industry is anexciting space to be in and we endeavor to make full use of theadvantages being in Canada will give the Company. “
Mr. Kevin Ma, Director of LINK states, “On behalf ofthe Board of Directors, I’d like to welcome Daniel as our new ChiefExecutive Officer and member of our Board. Daniel has deepexperience in the digital currency mining space. With Daniel’slegal background, especially with his US SEC enforcement experience,he has been instrumental in advising me and our legal team along theway while we navigate through our challenges with the AlbertaUtilities Commission. The Company has been cooperative and proactivewith our submissions to the AUC and we are confident that LINK willfind a workable solution and settlement. We are looking forward toworking with Daniel and his new management team to re-start LINK’soperations and establish new opportunities inthe near future. I would also like to thank Stephen for all of hisefforts to-date. Stephen navigated the Company through its IPOphase, first start-up of our digital mining operations in the US, andsecured our current power-generating sites in Alberta.”
About Link Global TechnologiesInc.
LINK is engaged in providing infrastructure andoperating expertise for digital mining and data hosting operations.LINK’s objectives include locating and securing, for lease andoption to purchase, properties with access to low-cost, reliablepower, and deploying this low-cost power to conduct digital mining andsupply clean energy and infrastructure for other data-hostingservices.
To learn more about Link’s activities, visit us at https://linkglobal.io/
On behalf of Link Global Technologies Inc.
Kevin Ma
Director
For more information, visit http://linkglobal.io/ orcontact:
Kevin Ma
kevin@linkglobal.io
+1-877-770-6545
The CSE has not reviewed and does not acceptresponsibility for the adequacy or accuracy of this release.
CAUTIONARY STATEMENT REGARDINGFORWARD-LOOKING INFORMATION.
This news release contains "forward-lookingstatements" within the meaning of applicable Canadian securitieslegislation. Forward-looking statements consist of statements that arenot purely historical and include any statements regarding beliefs,plans, expectations or intentions regarding the future. Often, but notalways, forward-looking statements can be identified by the use ofwords such as "plans", "expects", "isexpected", "forecast", "budget","scheduled", "estimates", "forecasts","intends", "anticipates", or "believes",or variations (including negative variations) of such words andphrases, or statements that certain actions, events or results"may", "would", "could","should" or "might" occur. Forward-lookingstatements made in this news release include, but are not limited, to:the Company’s submission process with the AUC and that the Companyis confident it will find a workable solution and settlement; andother business plans of the Company.
All such forward-looking statements are based onfactors or assumptions that were applied in drawing a conclusion ormaking a forecast or projection, including assumptions based onhistorical trends, current conditions andexpected future developments. Since forward-looking statements relateto future events and conditions, by their very nature they requiremaking assumptions and involve inherent risks and uncertainties. TheCompany cautions that although it is believed that the assumptions arereasonable in the circumstances, these risks and uncertainties giverise to the possibility that actual results may differ materially fromthe expectations set out in the forward-looking statements. In thecase of the Company, these risks, uncertainties, assumptions and otherfactors include, without limitation: potential adverse rulings ordeterminations by the AUC; that commercial relationships will notproduce the anticipated results; those set out in the Company's mostrecent MD&A, fluctuations in the price of electricity,fluctuations in the price of digital currencies/Bitcoin, the futurepotential halving of Bitcoin, increases in the network difficulty rateand price of digital currencies/Bitcoin, negative changes in the levelof digital currency/Bitcoin rewards per block, the securing ofeconomic rates for the purchase of power, the opportunities foracquiring digital currency mining hardware, unanticipated changes inlaws, regulations or other industry standards affecting the businessof the Company, reliance on key management personnel, the Company'sability to implement its business plan, litigation risk, stock pricevolatility, the effects of general economic and other factors beyondthe control of the Company, and other matters that may occur in thefuture. Given these risks, undue reliance should not be placed onthese forward-looking statements, which apply only as of the datehereof. Other than as specifically required by law, the Companyundertakes no obligation to update any forward-looking statements toreflect new information, subsequent or otherwise.
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