08:21:10 EDT Sun 19 May 2024
Enter Symbol
or Name
USA
CA



New World Solutions Inc
Symbol NEWS
Shares Issued 96,270,118
Close 2024-01-12 C$ 0.02
Market Cap C$ 1,925,402
Recent Sedar Documents

New World Solutions completes subsidiary acquisition

2024-01-15 11:27 ET - News Release

Mr. Paul Haber reports

NEW WORLD COMPLETES REBRANDING FOLLOWING NAME CHANGE AND ACQUISITION

New World Solutions Inc. has rebranded and name changed its newly acquired subsidiary from Datametrex Electric Vehicle Solutions (DMEVS) to New World EV Solutions (NEVS). This rebranding includes a refreshed corporate identity that aligns with its commitment to sustainable innovation. Alongside this change, the Company has also updated its company website to newworldinc.io.

Concurrent with this rebranding, the Company is pleased to announce a key executive leadership change. Effective today, Young Cho Lee will take on the role of Chief Financial Officer (CFO) of the Company. Mr. Lee brings a rich background in finance, with an MBA from Hanyang University and significant experience at LG Group, where he played a pivotal role in finance, accounting, and auditing across various subsidiaries. His expertise particularly shines in areas of mergers and acquisitions (M&A) and restructuring.

This change follows the departure of the former CFO, Frank Kordy, who has stepped down from both the management and the Board due to personal reasons. The company extends its gratitude to Mr. Kordy for his significant contributions and wishes him success in his future endeavours.

The transformation of DMEVS into NEVS signifies a new chapter for the subsidiary under the New World umbrella. It represents the Company's commitment to seamlessly integrating its acquisitions and leveraging their strengths to enhance the overall value proposition of the Company. The new identity of NEVS is expected to resonate with the current customer base and potential new clients, further strengthening the company's market position.

The Company's CEO, Paul Haber, commented on these developments, stating, "The rebranding to NEVS and the appointment of Young as our new CFO are critical milestones in our company's journey. They reflect our continuous efforts to evolve and adapt in a dynamic market. With Young's financial leadership and the refreshed identity of NEVS, we are poised for greater synergy and progress towards our strategic goals."

About New World

New World Solutions is a technology company focused on providing solutions to new world problems. Through our blockchain and technology experience we are leveraging solutions in the decentralized finance space as well as the electric vehicle area. We look to acquire and launch a balanced spectrum of solutions to become a leader in this dynamic tech landscape.

We seek Safe Harbor.

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