Toronto, Ontario–(Newsfile Corp. – June 28, 2024) – Scryb Inc. (CSE: SCYB) (OTCQB: SCYRF) (FSE: EIY) (“Scryb” or the “Company”) The Company is pleased to announce the appointment of Michael Kitchen as a new Independent Director to the Board, effective 26 June 2024.
Over 25 years of executive and leadership experience, including at BMO Financial Group.1Kitchen is adept at building winning cultures and companies, with a proven track record of driving revenue growth, business expansion and improved financial performance. He made significant contributions at BMO, leading a team of 1,300 people and managing multiple business units with combined annual revenues of over $5 billion. With decades of experience in payment technology products, fraud and financial services, Kitchen has a deep understanding of how to deliver major change initiatives, drive innovation and operate successfully.
At BMO, Mr. Kitchen developed and executed business strategy for a range of financial products, including lending and deposit products, and led the acquisition and integration of new businesses. Immediately following BMO, Mr. Kitchen served as CEO of an early stage organization where he led the growth of that business and the formation of a joint venture to enter the U.S. market.
“Kitchen has served on a variety of boards and advisors for financial and technology companies, including as a director at Moneris, Interac, and on various Mastercard advisory boards. With experience embracing technology in a regulated environment, leading products, and revitalizing business units at BMO, we are excited to leverage Kitchen's extensive expertise and extensive network to support Scryb's sustainable path to delivering impressive growth and shareholder value.”
The Company also announces that Sudhir Thomas and W. Clark Kent will be stepping down from their board of directors effective immediately. Mr. Kent will continue to play an active role and serve as the Company's President. The Company thanks Mr. Thomas for his support of Scryb and wishes him the best in his future endeavors.
About Scryb Inc.
Scryb is a leading venture builder specializing in developing and scaling high-growth disruptive businesses in applied AI, digital health, cybersecurity, and biotechnology. Scryb's approach is focused on leveraging deep industry expertise to shape and drive the future of technology. The company's notable ventures include a cybersecurity company in which Scryb holds majority ownership. To learn more about Scryb's innovative projects and vision, please visit our website at http://scryb.ai.
contact:
W. Clark Kent
president
Office 647-872-9982
Phone: 1-844-247-6633
Email: info@scryb.ai
Caution Regarding Forward-Looking Information
Other than statements of historical fact, this news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information is often characterized by words such as “plans,” “expects,” “plans,” “intends,” “believes,” “anticipates,” “estimates,” or statements that certain events or circumstances “may” or “will” occur. Forward-looking information is based on opinions and estimates as of the date the statements are made and is subject to various risks, uncertainties and other factors that may cause actual events or results to differ materially from those projected in the forward-looking information, including delays or uncertainties in obtaining regulatory approvals, including the CSE. Forward-looking information is subject to inherent uncertainties, including factors beyond the Company's control. There can be no assurance that the plans for commercialization of the technology described in this news release will be carried out on the terms or within the timeframe described herein. The Company assumes no obligation to update any forward-looking information, even if circumstances or management's expectations or opinions change, except as required by law. Readers are cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that may affect financial results is contained in the Company's filings with Canadian securities regulatory authorities, available at https://www.sedarplus.ca/ .
1 https://www.bmo.com/en-ca/main/personal/
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