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home / news releases / MRBLF - Marble Financial Adds Lawrence Rhee as Fintech Capital Markets Special Situations Advisor and Michael Feola to its Board of Directors


MRBLF - Marble Financial Adds Lawrence Rhee as Fintech Capital Markets Special Situations Advisor and Michael Feola to its Board of Directors

(TheNewswire)



Vancouver, B.C. - TheNewswire - July 05, 2021 - Marble Financial Inc.(C NSX :MRBL. CN) ( OTC:MRBLF ) ( FSE:2V0) (“Marble” orthe “Company”), an AI-driven financial technology company thateducates and helps Canadians better understand and manage theircurrent cash flow and credit towards a better financial future, ispleased to announce the addition of Lawrence Rhee, CPA, CFA, MBA to itmanagement advisory team and Michael Feola to its Board ofDirectors.

Lawrence Rhee, the founder of RHEETHINK Inc., has beenactively involved in the Canadian technology industry for over 20years. Lawrence has advised many technology companies in Canada as hehas held senior positions in both investment banking and equityresearch at several firms including Haywood Securities, GMP Securitiesand Genuity Capital. Lawrence's experience providing in-depthresearch analysis related to the technology sector has consistentlygenerated investment ideas that are well-received by investors. Hereceived a Top 3 ranking in each of the annual 2006, 2007 and 2009StarMine surveys in the Canadian Software and IT Sector. Lawrencegraduated with an MBA from the University of Toronto and earned hisCFA and CPA professional designations.

In this capacity, Mr. Rhee will work with theCompany’s Senior Leadership Team and Board of Directors to evaluateand identify strategic equity and debt participants, partnershipengagements, M&A opportunities, and value-added technologies. Hisextensive experience working in the capital markets specializing intechnology and special situations will greatly enhance Marble’sfuture opportunities.

Michael Feola is the founder of family office andMerchant bank, MMF Capital Inc., and event-driven liquidity fund, HydePark Equities Inc. Michael is also the owner and CEO of AllexorGlobal, a flexible packaging business, and founder of Feolan Capital,which has interests in financial services, real estate, hospitalityand public securities. Michael is a director of Integral CapitalPartners and chairman and director of Must Capital Inc., and directorof Adya Inc., both TSX-V listed companies.

“I am elated to have both of Lawrence’s stature andthought leadership join our team and Michael’s entrepreneurialexperience join our board.  Their unique skill sets will addtremendous value to the Company’s leadership team and board ofdirectors.” says Karim Nanji, Marble CEO. “Their uniqueexperiences and knowledge in technology, capital markets and specialsituations will be a great asset to me and the Company.  I lookforward to benefiting from their advisement as we continue to executeon our strategy of structuring innovative solutions for the millionsof Canadians that are financially underserved because of financialilliteracy and poor credit and financial management.”

Marble will issue 300,000 restricted share units (each,and RSU) to RHEETHINK Inc., pursuant to the Company’s long-termperformance incentive plan (the LTIP).

Each RSU represents the right to receive one vested,one common share in the capital of the Company. The RSU’S vests asfollows:

  • - 150,000 RSU, 50% of which vest on October 02, 2021,and the balance on January 02, 2022.

The grant of the RSU’s are subject to approval fromthe CSE.

The Company has granted an aggregate of 850,000 stockoptions under the company's stock option plan to its directors,employees, and certain consultants. These options expire in fiveyears, vest in equal one-quarter amounts on the date of grant, and ineach of the first year, second year and third year anniversaries fromthe date of grant and are issued at $0.21 cents per share.

The Company would also like to announce the resignationof Vikas Ranjan as an independent director. Mr. Ranjan has been aboard member since 2018, his insight, experience and guidance will bemissed at the board level. All of us at MarbleFinancial want to acknowledge his valuable input and we wish him thebest in his future endeavours.

About Marble Financial Inc. (CSE:MRBL; OTC: MRBLF; FSE:2V0) Marbles’proprietary MyMarble platform utilizes the power ofmachine learning, data science, and artificial intelligence, inleveraging its proven data-driven strategies through technologysolutions Inverite, Score-Up, Fast Track and Maestro to engage in andnavigate a clear path towards financial wellbeing and a meaningfulcredit score, since 2016, Marble is proud to have empowered thousandsof marginalized consumers to a positive financial future, and wecontinue to establish ourselves as leaders in financial wellnessthrough the licensing of our proprietary products on the MyMarble Platform.

For further information about Marble Financial, pleasevisit: https://mymarble.ca

Mike Marrandino, ExecutiveChairman

T:(855) 661-2390 ext. 104   Email: ir@marblefinancial.ca

NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITSREGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITYFOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Caution Regarding Forward-LookingInformation

This release contains forward-looking statements.Forward-looking statements, without limitation, may contain the wordsbelieves, expects, anticipates, estimates, intends, plans, or similarexpressions. Forward-looking statements are not guaranteeing of futureperformance. They involve risks, uncertainties and assumptions andactual results could differ materially from those anticipated. Forwardlooking statements are based on the opinions and estimates ofmanagement at the date the statements are made and are subject to avariety of risks and uncertainties and other factors that could causeactual events or results to differ materially from those projected inthe forward-looking statements. Except forhistorical facts, the statements in this news release, as well as oralstatements or other written statements made or to be made by Marble,are forward-looking and involve risks and uncertainties. The forward-looking information included in this release isexpressly qualified in its entirety by this cautionary statement.Accordingly, readers should not place undue reliance onforward-looking information. The Company undertakes no obligation toupdate these forward-looking statements, other than as required byapplicable law.

Copyright (c) 2021 TheNewswire - All rights reserved.

Stock Information

Company Name: Marble Financial Inc
Stock Symbol: MRBLF
Market: OTC

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