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Enter Symbol
or Name

Fundamental Applications Corp
Symbol FUN
Shares Issued 14,461,166
Close 2015-04-08 C$ 0.28
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Fundamental appoints Whitehead CEO to replace Rasekh

2015-04-09 00:33 ET - News Release

Mr. Justin Rasekh reports


Fundamental Applications Corp. has made a change to its senior leadership team to support the future growth of the organization. Richard Whitehead has been appointed as chief executive officer of the organization. Outgoing president and CEO, Justin Rasekh, will stay with the company in the capacity of board adviser and co-founder.

Mr. Whitehead brings to Fundamental Applications a wealth of practical business leadership experience. His background includes senior sales and marketing roles in several start-up-style technology environments. Most recently, he held the position of global director of marketing for Parktoria Technologies, which raised over $8-million in private equity financing. Mr. Whitehead brings to Fundamental Applications the skills and experience the company needs to develop and bring to market innovative software technology products. His skill set includes extensive software/hardware product launch experience throughout the United States, Canada, Europe and Asia.

"I'm excited to take on this new leadership role with Fundamental," said Mr. Whitehead. "The technology in their stable of products is both leading edge and robustly designed for large-scale, high-traffic deployment. Justin has done a phenomenal job at leading the company through the acquisition of core IP, and his continued support is critical to the long-term success of the company. I look forward to working with this dynamic team to move the organization forward with a focus on revenue generation and managed growth."

"I have complete confidence in Richard's ability to take hold of the Fundamental Applications baton and move the company forward," said Mr. Rasekh. "His depth of knowledge in core business management, product development and launching products to a global audience is exactly what we need to take Fundamental to the next level. I look forward to actively working with Richard to allow our core products to improve the lives of our target demographic throughout North America."

This addition kicks off Fundamental Applications' expansion of its management team to expand core skills.

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