Business
World Media & Technology Provides Update on Corporate Initiatives
World Media & Technology Provides Update on Corporate Initiatives.
About this update from Helo Corp.
[{"type":"text","content":"\n\n MIAMI, Oct. 05, 2017 (GLOBE NEWSWIRE) -- World Media & Technology Corp. (OTC:WRMT) (the “Company” or “WRMT”), a leading developer of wearable devices with Life Sensing Technology dedicated to improving wellness worldwide, today provided an update on the Company’s progress on several corporate initiatives.\n WRMT continues its investment in new executive talent with the hiring of Anthony S. Chan as its Chief Financial Officer (CFO) effective October 1, 2017. This appointment follows the appointment of Sean McVeigh as President and Chief Executive Officer in May 2017. “Since joining WRMT in May, I have been driving a corporate-wide transformation initiative that included hiring a new management team and establishing strong regulatory compliance to build a solid foundation before implementing the next phase of our business plan,” stated Sean McVeigh, President and Chief Executive Officer. “We are delighted that Anthony has come onboard.  He is a proven leader and we believe that his experience in accounting and corporate governance will be instrumental in WRMT’s plans to pursue an uplisting to the NASDAQ Capital Market.  We believe that Anthony leadership will bring both structure and financial discipline to WRMT, which will facilitate our financial reporting and compliance and strengthen our ability to deliver on our business objectives.”  Mr. Chan is a seasoned CPA with over 28 years of professional experience in auditing and SEC reporting, mergers and acquisitions (M&A), business turnarounds, and CFO advisory services. Since May 2017, the Company has enlisted the services of Mr. Chan to assist in its corporate initiatives, with a focus on re-registering with the Securities and Exchange Commission (“SEC”) and up-listing to NASDAQ.  Mr. Chan is the President of CA Global Consulting Inc., a company he co-founded in 2014. While serving as an EVP and Acting CFO of a NASDAQ-listed company from 2013 to 2015, Mr. Chan was credited for expanding the company’s liquidity, broadening its business platform and improving its profitability. Mr. Chan was a former partner at Berdon LLP where he led the firm's internal controls and risk management practice; and he was a former partner at Friedman LLP and UHY LLP where...