Interfield Global Software Inc. Announces New Board Appointment

/EIN News/ -- VANCOUVER, British Columbia, July 16, 2024 (GLOBE NEWSWIRE) -- Interfield Global Software Inc. (Cboe CA: IFSS) (the ‎‎“Company”)‎ is pleased to announce that Len Spratt, ICD.D, BSPE, has joined the Company’s Board of Directors.

Chairman and CEO Hal Hemmerich said, “Len brings with him a rare and valuable skills set, with many years of experience in both equipment marketing and corporate governance. With Len on board, we are well positioned to continue to grow the Company to reach its full potential.”

Commenting on the appointment, Len Spratt said, “Having been an early supporter of the Company's operations, I am happy and excited to now be directly involved. I look forward to collaborating with the Board of Directors and management team in the development of exemplary corporate board practices while contributing to the strategic planning process as we continue to grow and develop the Company into a significant and responsible provider of software and e-commerce solutions for our current and future business partners and customers.”

Mr. Spratt holds a Bachelor of Science Degree in physical education from the University of Saskatchewan and Institute of Corporate Directors (ICD.D) and Financial Literacy for Directors certifications from the Haskayne School of Business, University of Calgary. He was the board chair of Gas Alberta Inc. from 1997 – 2010 and again from 2014 until his retirement in 2022. From 2011 – 2013, Mr. Spratt served as governance committee chair at Gas Alberta Inc. From 2010 - 2022 he was also the gas utility manager for the Kehewin Cree Nation. From 1975 – 2000, Mr. Spratt was a manager and major accounts executive at Xerox Canada.

About Interfield Global Software Inc.

The Company is a publicly listed company, with its common shares listed on the Cboe Canada. (Cboe CA: IFSS) and operates out of Dubai, U.A.E through its wholly owned subsidiary, Interfield Software Solutions LLC (“Interfield Solutions”).

Interfield Solutions is a software company that services numerous industrial segments worldwide including oil and gas, mining and renewables. Interfield Solutions has two operating divisions, E-commerce and Software as a Service. Equipment Hound, the company’s flagship product of its E-commerce division, is an industrial equipment marketplace that connects buyers and suppliers around the globe. Equipment Hound manages a catalogue of equipment from various suppliers and provides procurement solutions for buyers. It includes features such as requests for quotes, logistics support and third-party verification. ToolSuite, the company’s flagship product of its Software as a Service division, is a cloud based data collection and management platform that digitizes industrial processes and provides real-time auditable data for clients.

ON BEHALF OF THE BOARD OF DIRECTORS

“Harold Hemmerich”

Harold Hemmerich, Chief Executive Officer & Director

Phone: +971 50 558 8349

Bruce Nurse, Investor Relations

Phone: +1 303 919 2913

Forward-Looking Statements Disclaimer and Reader Advisory

This news release contains “forward-looking information” within the meaning of applicable Canadian ‎securities legislation. All statements, other than statements of historical fact, included herein are forward-‎looking information. In particular, this news release contains forward-looking information regarding: the ‎filing of the Annual Filings and Interim Filings, including the timing for the filing of the Annual Filings and Interim Filings. ‎There can be no assurance that such forward-looking information will prove to be ‎accurate, and actual results and future events could differ materially from those anticipated in such ‎forward-looking information. This forward-looking information reflects the Company’s current beliefs and is based on ‎information currently available to the Company and on assumptions the Company believes are reasonable. These ‎assumptions include, but are not limited to the ability of the Company to complete the Annual Filings and Interim Filings in the noted ‎timeframe. Forward-looking information is subject to known and unknown risks, uncertainties and other factors ‎that may cause the actual results, level of activity, performance or achievements of the Company to be materially ‎different from those expressed or implied by such forward-looking information. Such risks and other ‎factors may include, but are not limited to: general business, economic, competitive, political and social ‎uncertainties; general capital market conditions and market prices for securities; delay or failure to receive ‎board or regulatory approvals; the actual results of future operations; competition; changes in legislation ‎‎affecting the Company; the timing and availability of external financing on acceptable terms; long-term capital ‎requirements and future developments in the Company’s markets and the markets in which it expects to ‎compete;‎ or loss of key individuals. A description of additional risk factors ‎that may cause actual results to differ materially from forward-looking information can be found in the Company’s ‎disclosure documents on SEDAR+ at www.sedarplus.com. Although the Company has attempted to identify ‎important factors that could cause actual results to differ materially from those contained in forward-‎looking information, there may be other factors that cause results not to be as anticipated, estimated or ‎intended. Readers are cautioned that the foregoing list of factors is not exhaustive. Readers are further ‎cautioned not to place undue reliance on forward-looking information as there can be no assurance that ‎the plans, intentions or expectations upon which they are placed will occur. Forward-looking information ‎contained in this news release is expressly qualified by this cautionary statement. The forward-looking ‎information contained in this news release represents the expectations of the Company as of the date of this news ‎release and, accordingly, is subject to change after such date. However, the Company expressly disclaims any ‎intention or obligation to update or revise any forward-looking information, whether as a result of new ‎information, future events or otherwise, except as expressly required by applicable securities law.‎

No securities regulatory authority has either approved or disapproved the contents of this news release. The Cboe Canada Exchange does not accept responsibility for the adequacy or accuracy of this news release.