AppSwarm Inc (SWRM)

[sweet crude]

NEWS: New CEO.....no RS coming

Christopher Bailey, the CEO of AppSwarm, Corp., commented, "I am very excited to be part of the AppSwarm team and provide my vision for the future of the company based on my years of experience and leadership in both technology and public company management. One of my first goals will be to review core business segments under the company to provide a clearer focus on operations and shelve non-performing assets for the time being.”

"The next step will be appointing team project managers to oversee DevOps and report on the performance of these individual business projects. In addition, we will begin reviewing ways to reduce share issuance, maintaining lean operating expenses, and will lay out a clear revenue business model to begin supporting the overhead operations for the company."

Based on initial review the company does not foresee the need for reverse restructuring of its capital structure for the remainder of fiscal year 2021.

https://www.globenewswire.com/news-release/2021/08/17/2281966/0/en/AppSwarm-Announces-Appointment-of-Christopher-Bailey-as-New-CEO.html