11:12:19 EDT Thu 05 Aug 2021
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or Name

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Cloud Nine Web3 Technologies Inc
Symbol CNI
Shares Issued 16,787,047
Close 2021-06-15 C$ 0.79
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Cloud Nine Web3 appoints Reitzik as special adviser

2021-06-16 11:50 ET - News Release

Mr. Sefton Fincham reports


Cloud Nine Web3 Technologies Inc. has appointed Dan Reitzik as special adviser to the board of directors effective immediately.

Mr. Reitzik is a successful operational chief executive officer, having co-founded and managed both private and publicly listed technology companies for more than 20 years. Mr. Reitzik was the co-founder and CEO of DMG Blockchain Solutions Inc. until March, 2021, a blockchain and cryptocurrency company.

At Cloud Nine, Mr. Reitzik will work closely with the company's senior management team to identify additional product areas, open up new lines of business, commercialize the company's latest technology products, build significant strategic distribution relationships, and establish Cloud Nine as a leader in decentralized networks and storage technologies.

"We are very excited to welcome Dan to Cloud Nine," said Sefton Fincham, president of Cloud Nine. "His extensive experience and significant expertise in blockchain solutions and corporate finance will be invaluable to Cloud Nine during its current phase of major technology developments. The entire board and executive team look forward to working closely with Dan and benefiting from his insights and perspectives as we move toward rapidly growing our business and becoming a global decentralized technology leader."

"It is a great honour to join Cloud Nine and to participate in the company's significant expansion over the next several years. Cryptocurrency was the first successful use case of decentralized and blockchain technology, and I am confident that decentralized networks and data storage will be just as successful," said Mr. Reitzik. "Through its ownership of Limitless Technology, Cloud Nine has the proprietary technology and products for this massive decentralized movement, and I am excited to be a part of this growing technology company."

About Cloud Nine Web3 Technologies Inc.

Cloud Nine is a diversified technology company focused on leveraging its proprietary Web 3.0 technology products to enable the decentralized movement among consumers and business alike. Web 3.0 enables a sustainable world where decentralized users and machines are able to interact with data, value and other counterparties via a substrate of peer-to-peer networks without the need for third parties, creating many benefits such as giving each user full control and ownership of all personal and corporate data.

We seek Safe Harbor.

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