(TheNewswire)
Montréal, March 26, 2024 – TheNewswire - ZeU Technologies, Inc. (CSE: ZEU) (OTC: ZEUCF) would like to disclose that, with immediate effect, Mr. RyanGibson has accepted the position of President and CEO of theCorporation, replacing Mr. François (Frank) Dumas. Mr. Gibson willalso take over the board of directors’ position, which Mr. Dumas hasvacated.
Mr. Gibson has decades of experience working withtransnational governmental entities, focusing on financial networksand trading infrastructures. His current entrepreneurial efforts havefocused on building a carbon credit generation business. The businessuses artificial intelligence to optimize revenue generation foralternative energy producers.
“ I havereviewed the business model and intellectual property of ZeU indetail. Over the next few weeks, my team and I will examine ZeU’stechnology in-depth to pinpoint opportunities to improve carbon creditproduction. Concurrently, we are exploring proposals to develop aninnovative platform to democratize access to AI processing pools ofresources, empowering smaller actors in the AI sector. (...) I’maware of ZeU’s challenging financial position. I am prepared toinitiate discussions with the Company’s known creditors. My aim isto negotiate solutions that will allow the Company to refinance itselfand relaunch its business. I am confident in our ability to generaterevenue streams and settle the Corporation’s financial obligationswithin a reasonable timeframe. (...) My interactions with the ZeU teamhave been positive. I look forward to working with ZeU and engagingwith its potential partners and stakeholders to pursue our sharedobjectives .” commented Mr. Gibson.
ON BEHALF OF THE BOARD OF DIRECTORS
“MarkBillings ”
Mark Billings, Director & CFO
The Canadian Securities Exchange(CSE) has not reviewed and does not accept responsibility for theadequacy or the accuracy of the contents of this release.
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