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Lottogopher Holdings Inc
Symbol LOTO
Shares Issued 127,958,124
Close 2018-09-28 C$ 0.04
Market Cap C$ 5,118,325
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Lottogopher appoints Cavers, Tobin as directors

2019-02-13 13:16 ET - News Release

Mr. Edward Tobin reports

LOTTOGOPHER HOLDINGS INC. ANNOUNCES BOARD AND MANAGEMENT UPDATE

Due to a reorganization of management ahead of Lottogopher Holdings Inc.'s transformative acquisition of Bravio Technologies, Greg Cavers has been appointed to the board of directors and as chief financial officer and Edward J. Tobin has been appointed to the board of directors and as interim chief executive officer.

Mr. Cavers is a dedicated, pro-active professional with over 15 years of financial experience. Operating as a strategic chief financial officer, Mr. Cavers specializes in the financial modelling of scalable operations. Mr. Cavers's key strengths are financial reporting, IFRS (international financial reporting standards); regulatory reporting, Office of the Superintendent of Financial Institutions/Mutual Fund Dealers Association; management reporting and tax requirements; strategic operational budgeting and forecasting; cash flow modelling and acquisition due diligence; as well as systems implementation and process re-engineering. Mr. Cavers's initial role with Lottogopher will see him manage internal and external audit requirements for IFRS and U.S. GAAP (generally accepted accounting principles) and help guide Lottogopher through its current transaction.

Mr. Tobin is the current chief operating officer of PlasmaNet Inc. and managing director of 1847 Partners LLC. Mr. Tobin was previously a director of Global Emerging Markets North America Inc. (GEM), where, for 15 years, he managed special situations and venture investing for GEM's Partners Capital Fund. Mr. Tobin was also a principal and on the investment committee of the MENA Fund, a Shari'ah-compliant private equity fund which was a joint venture between GEM and VC Bank, itself a Shari'ah-compliant bank based in Bahrain. In addition to these activities, while at GEM, Mr. Tobin oversaw structured finance transactions in industries such as clean tech, consumer/retail, alternative finance, media, telecommunications, manufacturing, retailing, real estate and life sciences. Prior to joining GEM, Mr. Tobin was managing director of Lincklaen Partners, a private family investment office. Previously, he had been a portfolio manager with Neuberger and Berman, managing both pension funds and private client capital in the public equity markets. Prior to Neuberger and Berman, he was a vice-president of Nordberg Capital Inc. Mr. Tobin serves as a board member of 1847 Holdings LLC, Peekay Boutiques Inc., PPI Management LLC and GEM Holdings LLC, in addition to his various philanthropic activities. Mr. Tobin received his MBA from the Wharton School as well as a master of science in engineering and a bachelor of science in economics from the University of Pennsylvania.

Ali Zamani, a director of Lottogopher, commented: "The newly appointed Lottogopher leadership team is in full support of the current transaction and aims to finalize the RTO [reverse takeover] transaction with Bravio by the end of March. Management will ensure to keep our shareholders up to date as things progress. Speaking on behalf of the whole Lottogopher team, I would like to take this opportunity to thank our existing shareholders for their continued support and patience as both parties focus on the merge and the exciting times ahead for the combined company."

Mr. Zamani, a current director of the company, has stepped down as interim chief financial officer; he will hand over the role to Mr. Cavers with immediate effect.

Furthermore, James Morel has resigned from his role as a director, chief executive officer and president of the company and Saveneet Singh has resigned from his role as a director of the company. The company would like to thank Mr. Singh and Mr. Morel for their hard work and contributions to the company.

About Lottogopher Holdings Inc.

Lottogopher Holdings owns and operates websites, including Lottogopher and FreeLotto. Lottogopher is a lottery messenger service that allows users to easily order and manage their state lottery tickets on-line using a debit or credit card. By allowing individuals to choose their numbers and safely order tickets for the official lottery drawings in California, Lottogopher makes it simple for users to keep track of their tickets and winnings. Lottogopher Holdings also owns and operates the FreeLotto sweepstakes, on-line marketing and free member acquisition website.

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