INEO Welcomes Eugene Syho to its Board of Directors

• Mr. Syho brings a wealth of finance, era and public corporate revel in to the Board of INEO.

SURREY, BC, Dec. 30, 2022 /CNW/ – INEO Tech Corp. (TSXV: INEO); (OTCQB: INEOF) (the “Corporate” or “INEO“), the leading edge developer and operator of the INEO Media Community, a virtual promoting and analytics answer for shops, is happy to announce the appointment of Eugene Syho to the Corporate’s board of administrators (“Board“) as an unbiased director and member of the Audit Committee efficient December 29, 2022.

Mr. Syho is a seasoned finance govt with over 25 years of confirmed monetary control revel in throughout many numerous industries. He was once the Leader Monetary Officer (“CFO“) of more than one companies starting from publicly traded era firms indexed at the TSX to privately owned business production firms. Maximum just lately, Mr. Syho was once the CFO of Military and Military Crew, a privately owned retail and actual property corporate, Syscon Justice Programs Ltd., a personal fairness owned era corporate, and Norsat Global Inc., a TSX indexed era corporate that was once offered to non-public pursuits in 2017. With a certified background in finance and accounting, Mr. Syho is a Chartered Skilled Accountant (CPA) and has an Govt Grasp’s level in Industry Management from Simon Fraser College.

“We’re very excited to welcome Eugene to INEO’s Board of Administrators,” stated Greg Watkin, Chairman and President of INEO. “Eugene’s occupation as an govt overseeing Finance, Human Useful resource, Provide Chain, and IT purposes, offers him a wealth of revel in and viewpoint in more than one sides of the industry. We’re extraordinarily satisfied to be including Eugene to our group as he brings a brand new set of abilities and a variety of revel in to INEO, which will likely be an incredible receive advantages to the Corporate as we keep growing higher and enlarge globally.”

Mr. Syho commented, “I’m happy to sign up for the INEO Board at such a thrilling time when the Corporate is coming into its subsequent section of speedy enlargement. INEO represents a novel alternative being at the vanguard of the retail media house, and I look ahead to running with the INEO group to keep growing the industry.”

At the side of including Eugene, the Corporate has authorized the resignation of Serge Gattesco from the INEO Board and need to thank Serge for his provider and dedication in serving to information the Corporate since August of 2020.

Moreover, additional to its press free up dated November 17, 2022, the Corporate needs to elucidate that, in reference to its public providing of 12,025,000 gadgets (the “Devices”) of the Corporate at a worth of $0.12 according to Unit for mixture gross proceeds of one,443,000 (the “Providing”), the Corporate paid the brokers below the Providing, being Beacon Securities Restricted, Echelon Wealth Companions Inc., PI Monetary Corp., Haywood Securities Inc., and Paradigm Capital Inc. (jointly, the “Brokers”) an mixture money fee of $110,846.4, being 8.0% of the gross proceeds of the Providing, matter to a discounted money fee of four.0% relating to positive subscribers recognized by means of the Corporate. No finder’s charges or commissions have been paid at the concurrent non-brokered personal placement of two,500,000 Devices. Each and every Unit issued within the non-brokered personal placement had the similar phrases and stipulations because the Devices issued within the Providing and consisted of 1 not unusual percentage of the Corporate (a “Not unusual Proportion”) and one-half of 1 not unusual percentage acquire warrant (each and every complete warrant, a “Warrant”), with each and every Warrant being exercisable to obtain one Not unusual Proportion (a “Warrant Proportion”) for a length of 36 months following the last of the Providing (the “Last”) at an workout worth of $0.19 according to Warrant Proportion.

INEO Tech Corp.
Consistent with:      “Kyle Corridor”
Kyle Corridor, Leader Govt Officer and Director

INEO Tech Corp., via its wholly owned subsidiary, INEO Answers Inc., operates the INEO Media Community, a virtual promoting and analytics answer for shops.  INEO’s patented era integrates and monetizes virtual monitors with robbery detection sensor gates on the front of retail shops.  The Corporate’s cloud-based platform makes use of IoT (Web of Issues) and AI (Synthetic Intelligence) era to ship custom designed virtual promoting to each and every retail location according to the demographic combine, corresponding to age and gender, of shopper visitors at each and every location.  The Corporate additionally deploys the INEO Welcoming Community era via a SaaS-based strategy to higher retail chains.  INEO is headquartered in Surrey, Canada and publicly traded at the TSX-Project Change below the emblem “INEO” and at the OTCQB-Project Marketplace below the emblem “INEOF“.

For more info please consult with:
Web site:    www.ineosolutionsinc.com 
LinkedIn:   www.linkedin.com/corporate/ineosolutions 
Fb: www.fb.com/ineosolutionsinc 
Instagram: www.instagram.com/ineosolutionsinc 
Twitter:      www.twitter.com/INEOsolutions 

Ahead-Having a look Statements

Traders are cautioned that, except for as disclosed within the disclosure record, any data launched or won with recognize to the Corporate might not be correct or entire and must no longer be relied upon.  Buying and selling in securities of the Corporate must be thought to be extremely speculative.

This information free up incorporates forward-looking data, which comes to recognized and unknown dangers, uncertainties and different components that can purpose exact occasions to vary materially from present expectancies. Necessary components – together with the provision of finances, acceptance of the Corporate’s merchandise, pageant, and basic marketplace prerequisites – that would purpose exact effects to vary materially from the Corporate’s expectancies are disclosed within the Corporate’s paperwork filed on SEDAR, together with the Annual Knowledge Shape for the 12 months ended June 30, 2022 filed on SEDAR on November 4, 2022. Readers are cautioned to not position undue reliance on those forward-looking statements, which talk best as of the date of this press free up. The Corporate disclaims any purpose or legal responsibility, except for to the level required by means of regulation, to replace or revise any forward-looking statements, whether or not because of new data, long run occasions or another way.

Neither the TSX Project Change nor its Law Products and services Supplier (as that time period is outlined in insurance policies of the TSX Project Change) accepts duty for the adequacy or accuracy of this free up.

SOURCE INEO Tech Corp.

For additional data: Pardeep Sangha, Investor Family members, INEO Tech Corp., [email protected], (604) 572-6392