Citrine Global Corp. Announces Appointment
of New Chief Financial Officer
Citrine Global Corp. (OTC: TECR; soon to be replaced with CGCR), offering multi-strategy expansion solutions for growth-stage technology companies, announced the appointment of Ms. Ilanit Halperin, CPA, as Chief Financial Officer of Citrine Global Corp and its fully owned subsidiary,
effective as of today.
On May 26, 2020, the board of directors of Citrine Global Corp. appointed Ms. Ilanit Halperin, CPA, as Chief Financial Officer, replacing Mr. Zviel Gedalihou, effective from May 27, 2020. The Board also appointed Ms. Halperin as Chief Financial Officer of the Citrine Global's wholly-owned Israel subsidiary, effective once it is incorporated.
"Ilanit brings with her extensive experience in all aspects of corporate finance, financial planning and accounting owning wide-ranging experience in auditing and preparing financial statements according to Israeli, international (IFRS) and US GAAP standards. She has proven track record in managing complex financial scenarios, where she was responsible for leading financial procedures in dynamic market environments", said Ms. Ora Meir Soffer, Citrine Global's Chairperson and CEO."
Ms. Halperin stated, "I look forward to leading Citrine Global's finance organization and contribute to the company's future success as the company progresses to the next phases of its planned strategy."
Ms. Halperin worked for over 21 years in one of the six largest accounting firms in Israel, for the last 11 years as a partner. Currently she owns and manages “Halperin CPA, Financial Consulting & Management” firm. Ms. Halperin specializes in accompanying early and mature stage companies, providing, inter alia, tax advice, general financial consulting, assistance in preparing business plans, and assistance and accompaniment with investors, private placements and public offerings in Israel and for NASDAQ and OTC-traded companies. Ms. Halperin has been a director of Citrine Global since February 27, 2020.
Mr. Gedalihou continues to serve as Chief Financial Officer of WealthStone Holdings Ltd., one of the Registrant’s key partners. The board believes the additional workload requires appointing a separate Chief Financial Officer for Citrine Global. The board would like to warmly thank Mr. Gedalihou.
About Citrine Global Corp.
Citrine Global Corp. business activity is comprised of creating value and implementing expansion strategies for growth-stage technology companies, offering multi-strategy solutions combining strategic marketing, business development, real estate and asset management services and financing solutions. Such wide spectrum of services is targeted at helping create an integrated strategy that supports our client companies in achieving their local and global expansion ambitions.
Key Target Markets: We believe the health and wellness fields are demonstrating high growth potential and we are therefore primarily focused on these sectors. We plan on empowering innovative companies to become global leaders and improve the health and quality of life of as many people as possible worldwide.
Geographies: The Company provides solutions to companies from Israel, USA, Canada, Europe and around the world through subsidiaries and local teams and professionals in each region.
The company focuses as first step on the Israeli market, via its fully-owned subsidiary Citrine Global Israel Ltd., which targets Israeli startups and technology companies, and in particular public companies, in the fields of Healthcare, Wellness, Food Tech and Medical Cannabis.
Important Notice and Disclaimer: Citrine Global is currently trading as TechCare Corp. (TECR) (OTCMKS). Name change to "Citrine Global Corp." is expected to take effect around the end of May 2020.
For Inquiries and further Information, please contact: info@citrine-global.com
Disclaimer:
This communication does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of the Company.
This communication contains certain statements that are neither reported financial results nor other historical information and other statements concerning the Company.
These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, events, products and services and future performance. Forward-looking statements are generally identified by the words “will”, "expects", "anticipates", "believes", "intends", "estimates“, “target”, and similar expressions. These and other information and statements contained in this communication constitute forward-looking statements for purposes of applicable securities laws. Although management of the Company believes that the expectations reflected in the forward looking statements are reasonable, investors and security holders are cautioned that forward-looking information and statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of the Company, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by the forward-looking information and statements, and the Company cannot guarantee future results, levels of activity, performance or achievements.
Factors that could cause actual results to differ materially from those estimated by the forward-looking statements contained in this communication include, but are not limited to: trends in target markets; effects of competition in the Company's main markets; ability to establish and maintain strategic relationships in its major businesses; profitability of the growth strategy; and changes in global, political, economic, business, competitive, market and regulatory forces. Moreover, neither the Company nor any other person assumes responsibility for the accuracy and completeness of such forward-looking statements. The forward-looking statements contained in this communication speak only as of the date of this communication and the Company or its representatives are under no duty, and do not undertake, to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise except as otherwise required by applicable law or regulations