WRFX NEWS FROM OTC MARKETS$$$
WORLDFLIX TRANSFORMS WITH NEW LEADERSHIP
WorldFlix, Inc. (OTC: WRFX), an emerging world-class provider of innovative and disruptive cybersecurity and mobile software, announces the retirement of the Company Founder and Chief Executive Officer Brad Listermann.
The Company has reached a critical milestone of financial maturity and is now ready to enter a new phase of growth that will elevate and define our business strategy to strengthen our value proposition to the market as well as our shareholders.
A grateful Brad Listermann stated, “We would not be here without the support of our long-term investors and the Paranotek Team”. The award-winning Hollywood filmmaker is returning to his roots in the entertainment with a planned documentary about heart health (after his own two heart attack and health recovery success story), real estate development and plans to focus on his family.
With Brad’s encouragement and support, wholly owned subsidiary Paranotek CEO Mick Davis will lead a select group of private investors as they take stewardship of the governance and management of the Company. Mr. Davis will immediately step in as WorldFlix’s interim Chairman of the Board and CEO. Mr. Davis stated, “I plan to move quickly to establish a new independent Board of Directors and independent Audit and Compensation Committees that will support and oversee the implementation of the Company’s business strategy moving forward. Mr. Davis further stated CTO and Finnish partner Lauri Tunnela will assume General Manager duties of Paranotek.
In a final farewell, Mr. Listermann confidently shared, “We have high excitement for the future of the Company and the combined revenue potential of Paranotek and our joint venture app partners. As a shareholder, I personally have high expectations for Mick and his team. I look forward to watching the Company implement the new strategy and wish Mick and the team the best of luck.
ABOUT WORLDFLIX, INC.
WorldFlix, Inc. (OTC PINK: WRFX) is a Nevada corporation focused on entertainment, software, and security company. Through our subsidiary co-investment holdings and affiliate partnerships, we provide a variety of tools and software applications including our own proprietary mobile applications as well as innovative resources for partners to enhance and secure their existing platforms. WorldFlix, Inc., the parent company, also works in innovating video production and entertainment. For more information on WorldFlix, Inc., please visit ?www.worldflix.co
FORWARD-LOOKING STATEMENTS: ?"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. These statements are based on current expectations and are uncertain. Words such as expects, anticipates, intends, believe, plan, will, and similar words are expressions intended to identify these forward-looking statements. These statements involve risk and subsequently are difficult to evaluate. Actual results may vary from descriptions herein due to many factors including but not limited to changes in business conditions, changes in laws and regulations, problems encountered in exploration and obtaining permits, changes in the competitive environment, technological advances, shortages of skilled workers, the need for additional capital and other risks listed in the company's Securities and Exchange Commission filings under "risk factors" and elsewhere. Forward-looking statements speak only as of the date they were made, and the company is under no obligation to update them.
