Doxa Energy Ltd
” or the “Company
”) and ProStar Geocorp Inc.
”) jointly announce the hiring of Darrell Williamson as ProStar’s new Chief Sales officer.
“I am very excited to join the ProStar team and look forward to playing an instrumental role in growing the company,” Mr. Williamson said. “I am impressed with the ProStar team and the cloud and mobile solutions they have developed and as a result I am very confident I will have an immediate impact in managing our sales and marketing efforts.”
Darrell Williamson has over 22 years of information technology experience ranging from system administrator to IT sales management, including Fortune 50 companies. Prior to joining ProStar, Darrell served as Sales Director at FyrSoft and created five US sales regions and grew the business from 6 to over 50 employees before FyrSoft was acquired by People Tech Group, a global cloud software and services integration leader. Throughout his career Darrell has managed several vertical markets and sales regions for a number of the largest SaaS providers and IT integrators. Darrell brings to ProStar a significant depth of knowledge and experience as well as a network of channel partners. Darrell is a certified partner seller with Microsoft, Cisco Systems and other industry leading cloud providers.
“I am delighted that Mr. Williamson accepted our offer to join the team and I am also very confident that he will play a significant role in helping us to scale our operations,” says Page Tucker, CEO of ProStar Geocorp.
As announced on November 7, 2018, Doxa and ProStar have entered into a binding letter agreement dated October 26, 2018 whereby Doxa will acquire all of the issued and outstanding securities of ProStar by way of a share exchange, amalgamation or such other form of business combination as the parties may determine.
About ProStar Geocorp
ProStar is developing Geospatial Intelligence Software. ProStar's flagship solutions are Transparent Earth(r) and PointMan(r), natively Cloud and Mobile solutions offered as Software as a Service. ProStar’s Solutions are designed to improve asset management business practices by providing unprecedented geospatial intelligence, precision and transparency. ProStar’s Solutions enable real time access to critical information where and when it is most needed including in the office or out in the field. With ProStar’s Solutions companies can now streamline operations, monitor workflows, measure productivity and make more informed business decisions with a higher degree of confidence.
This news release contains certain “forward looking statements” including, for example, statements relating to the transaction between Doxa and ProStar and ProStar’s business plans. Such forward-looking statements involve risks and uncertainties, both known and unknown. The results or events depicted in these forward-looking statements may differ materially from actual results or events. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding and are implicit in, among other things: receipt of regulatory approvals, the state of the capital markets, tax issues associated with doing business internationally, the ability of ProStar to successfully manage the risks inherent in pursuing business opportunities in the technology industry, and the ability of ProStar to obtain and maintain qualified staff, equipment and services in a timely and cost efficient manner to develop its business. Any forward-looking statement reflects information available to Doxa as of the date of this news release and, except as may be required by applicable securities laws, Doxa disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
On behalf of the board of directors of the Company:
John D. Harvison
President and Chief Executive Officer
For further information contact:
All information contained in this news release relating to Prostar was provided by Prostar to the Company for inclusion herein. The Company has not independently verified such information and shall bear no liability for any misrepresentation contained therein.
Paul McKenzie, director at 604.669.7330
Completion of the Transaction is subject to a number of conditions, including but not limited to, TSX-V acceptance and if applicable pursuant to TSX-V requirements, disinterested shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.
The TSX-V has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this news release.
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.