VANCOUVER, BC, June 6, 2022
/CNW/ - LITE ACCESS TECHNOLOGIES INC. (the "Company")
(TSXV: LTE) (OTC: LTCCF) announces that Greg Smith has resigned from his position as
Chairman, Interim Chief Executive Officer and director, and that
Steven King and Kevin Smith have resigned from their positions
as directors. Michael Plotnikoff has
been appointed as Interim Chief Executive Officer and director, and
Mark Tommasi has been appointed as
director to fill the vacancies. The Board of Directors would like
to thank Greg Smith, Steven King and Kevin
Smith for their efforts as officer and directors of the
Company.
Mr. Plotnikoff has 30 plus years' experience in the Tech &
Telecom Industries to Lite Access. Mr. Plotnikoff was a founder and
previous Chief Executive Officer of Lite Access until 2018.
He has held many key industry positions, from Systems Engineer with
Northern Telecom to Director of Technical Sales at both BCTel/TELUS
& Sprint Canada. His accomplishments range from engineering
& design responsibilities, technical sales and teaching to
leading and coaching project managers, technical sales engineers
and front line sales personnel. Mr. Plotnikoff is a graduate of the
University of Alberta, the Southern Alberta Institute of Technology and has
earned numerous management certifications from Queens' School of
Business and MIT in Boston.
Mr. Tommasi has extensive experience in corporate development,
equity, private equity and venture capital financing, IPOs and
private placements, marketing, investor relations and board and
committee activities. Mr. Tommasi has served as a senior officer,
director, financier, or consultant for numerous public and private
companies (agriculture, technology, junior exploration, and oil and
gas) in both the United States and
Canada.
About Lite Access
Lite Access Technologies Inc. is a world leader in the use of
innovative and proven micro/narrow trenching technologies,
alternate methods of deployment and specialist products which
transform the cost the network deployment for telecommunications
operators.
As part of its suite of services Lite Access provides clients
with integrated solutions or select components for the design and
implementation of fibre optic networks. Lite Access' products
have been deployed in many high-profile communication networks
including Olympic facilities, military and government, numerous
communities throughout the United
Kingdom, the USA and
Canada as well as global
telecommunications companies that have adopted Lite Access as the
"solution of choice" for the least invasive, most cost effective
and future-proof fibre optic connectivity available.
Lite Access' installation technology and proprietary products
extend a network provider's ability to deliver true broadband
connectivity directly to end-users, such as homes, businesses,
government and educational institutions, and emergency response
facilities. Lite Access remains flexible and innovative in its
commitment to provide global clients and partners with the most
cost effective and proven fibre connectivity solutions
available.
Forward Looking
Information
This news release contains statements that, to the extent
they are not recitations of historical fact, may constitute
"forward-looking statements" within the meaning of applicable
Canadian securities laws. Lite Access uses words such as "may",
"would", "could", "will", "likely", "expect", "believe", "intend"
and similar expressions to identify forward-looking statements. Any
such forward-looking statements are based on assumptions and
analyses made by Lite Access in light of its experience and its
perception of historical trends, current conditions and expected
future developments. However, whether actual results and
developments will conform to Lite Access' expectations and
predictions is subject to any number of risks, assumptions and
uncertainties. Many factors could cause Lite Access' actual
results to differ materially from those expressed or implied by the
forward-looking statements contained in this news release. Such
factors include, among other things: risks and uncertainties
described in Lite Access's most recent Management Discussion &
Analysis (MD&A) for the financial year ended September 30, 2021 which can be accessed at
www.sedar.com. The "forward-looking statements" contained herein
speak only as of the date of this press release and, unless
required by applicable law, Lite Access undertakes no obligation to
publicly update or revise such information, whether as a result of
new information, future events or otherwise.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Lite Access Technologies Inc