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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
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