Gen 2 Technologies Inc (MNIZ)

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BRK Announces the Permanent Appointment of Michael Kovacocy as Director of Recapitalization and Investor Relations
PR Newswire

HENDERSON, Nevada, April 30, 2020

HENDERSON, Nevada, April 30, 2020 /PRNewswire/ -- BRK, Inc. (the "Company") (OTC: BRKK) the Company wishes to inform its shareholders that Michael Kovacocy has been appointed Director of Recapitalization and Restructuring initiatives and Investor Relations. This follows the successful implementation of the first part of BRK's turnaround plan, in which Mr. Kovacocy played a key role as an advisor and capital markets intermediary. In light of current market conditions, the expected continued effects of the coronavirus on the economy and the capital markets and as a sign of respect and alignment to shareholders, Mr. Kovacocy has offered to work for the shareholders of BRK for a yearly cash sum of $50,000, with total compensation being weighted towards equity remuneration. Daniel Serruya, CEO of BRK, commented, " I would like to welcome Michael to the BRK team and thank him for his critical efforts to date. He is fully aligned with our mission of delivering both shareholder value and market leading products into a challenging marketplace."

The Company is also pleased to announce that difficult and onerous debt has been extinguished allowing for a declining outstanding share profile over the near term, supported by previously announced buyback efforts. This has been accomplished through various credit and cash injections stemming from collaborations with new strategic partners on more favourable terms. Daniel Serruya further commented, "In the upcoming months, BRK expects to execute its previously announced spin off and shall be updating shareholders regarding news on both historical litigation and expected monetary recoveries and new developments on operational initiatives in its core hardware, broadcasting and live-streaming business. Thank you to all our loyal shareholders for their continued support and trust."