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Fundamental Applications Corp
Symbol FUN
Shares Issued 17,779,871
Close 2015-04-20 C$ 0.285
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Fundamental Applications appoints Saheli as CTO

2015-04-22 15:04 ET - News Release

Mr. Richard Whitehead reports

FUNDAMENTAL APPLICATIONS CORP. ANNOUNCES SAHELI AS CHIEF TECHNOLOGY OFFICER

Fundamental Applications Corp. has added Ali Saheli to its senior leadership team in the capacity of chief technology officer. As the brainchild and founding-developer behind the Foro and Truth mobile applications, Mr. Saheli is a key strategic addition to the Fundamental leadership team.

Mr. Saheli holds both undergraduate and master's degrees in computer engineering from the University of Southampton. Previous to Fundamental, he worked at Recon Instruments and Trulioo, designing and building social networking platforms. He later took the entrepreneurial step of founding Foro Technologies, where he created the Foro peer-to-peer marketplace and the Truth Anonymous messaging apps. His products have been featured in Mashable, TechCrunch, Venture Beat and Betakick. Mr. Saheli's appointment ensures rapid development and long-term design continuity for the Fundamental product suite.

"I'm very excited to take on this new role with Fundamental," said Mr. Saheli, chief technology officer of Fundamental Applications. "As the founder of Foro Technologies, which was recently purchased by Fundamental, I had the opportunity to bring these two new mobile platforms to life. In my new role as CTO, I'll continue to be a part of their long-term growth, backed by a company and team with the horsepower to help our apps access a wide audience. Our growth plans are exciting, and I look forward to working with the Fundamental team to continue this process."

"Adding Ali as a member of the Fundamental leadership team is a strategic win for our company," commented Richard Whitehead, chief executive officer of Fundamental Applications. "He is a phenomenal product architect and programmer, with an unquestionable understanding of both the mobile application space and our student target demographic. We have an exciting list of new features in the queue for development, and I have the utmost confidence in Ali's ability to manage their production and rollout. Big things are in the works at Fundamental."

Mr. Saheli represents the second strategic addition to the Fundamental Applications leadership team in recent weeks, following the appointment of Richard Whitehead as chief executive officer. These additions at the co-founder level ensure Fundamental has the right leadership, skills and practical experience to design and launch market-leading mobile software products.

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