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Liberty Defense Holdings Ltd
Symbol C : SCAN
Shares Issued 66,549,721
Close 2019-05-03 C$ 0.92
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ORIGINAL: Liberty Announces Appointment of Ron Solanki as VP Operations of its US Subsidiary and Provides Marketing Update

2019-05-03 08:24 ET - News Release

Vancouver, British Columbia--(Newsfile Corp. - May 3, 2019) - Liberty Defense Holdings, Ltd. (TSXV: SCAN) (FSE: LD2) ("Liberty") is pleased to announce the appointment of Ron S. Solanki as Vice President, Operations of its US subsidiary, Liberty Defense Technologies Inc., and provide an update of marketing activities.

Mr. Solanki has held leadership positions with major multi-national global electronics corporations such as Motorola, Panasonic, Flextronics and Hisense. He has over 30 years of experience delivering results in high-tech company operations, strategic business management and development, research and development, manufacturing, supply chain, and legal affairs. He has also served on international boards of directors and business & technology advisory boards.

Bill Riker, CEO of Liberty, said, "We are excited to be able to bring someone with the calibre and expertise of Ron to augment our US based team. Working under the direction of Aman Bhardwaj, our COO and President of US Operations, Ron's experience on product development, contracts/legal affairs, supply chain and manufacturing will be critical to our overall success and enhance our ability to ramp up and scale our operations."

Marketing Update

Liberty also wishes to announce that it has engaged Equedia Network Corporation ("Equedia") and Viewergy LLC.com ("Viewergy") to provide certain marketing services to the company.

Equedia is based in Vancouver, British Columbia, is wholly owned by Equedia Network Corporation, and is the publisher of the Equedia Letter, which can be found on numerous financial websites. Pursuant to the agreement with Equedia, Equedia has agreed to conduct a three-month marketing campaign for Liberty in exchange for an all-inclusive fee of CA$350,000.

Viewergy is based in Denver Colorado, is wholly owned by Adam Richardson. and publishes a popular website for news, information, advertising and opinion. Pursuant to the agreement with Viewergy, Viewergy has agreed to create and publish content regarding Liberty's business for a three-month period in exchange for an all-inclusive fee of US$157,500.

On Behalf of Liberty Defense
Bill Riker
CEO & Director

About Liberty Defense

Liberty provides security solutions for concealed weapon detection in high volume foot traffic areas and has secured an exclusive license from MIT Lincoln Laboratory, as well as a technology transfer agreement, for patents related to active 3D imaging technology that are packaged into the HEXWAVE product. The system is designed to provide discrete, modular and scalable protection to provide layered, stand-off detection capability. This is intended to provide a means to proactively counter evolving urban threats. The sensors with active 3D imaging and AI-enhanced automatic detection are designed to detect metallic and non-metallic firearms, knives, explosives and other threats. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more: LibertyDefense.com

For further information contact:

LIBERTY INVESTOR RELATIONS:
Adam Ross
Telephone: 604-336-9820 x1
Toll-Free: 1-833-923-3334
Email: info@libertydefense.com

LIBERTY MEDIA RELATIONS:
Brittany Whitmore
Telephone: 778-238-6096
Email: brittany@exvera.com

FORWARD-LOOKING STATEMENTS

When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this press release include information relating to marketing activities and operations. Such statements and information reflect the current view of Liberty. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: there is no assurance to commence operations. There are a number of important factors that could cause Liberty's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable).

Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.

All amounts referred to herein are in Canadian dollars unless otherwise indicated.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/44510

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