ECGI Appoints New Chief Executive Officer Press Release | 11/7/2022
LOS ANGELES, Nov. 7, 2022 -- ECGI HOLDINGS INC. (OTC: ECGI) (“ECGI” or the “Company”), D/B/A Elite Cannabis Group Incorporated, a Nevada-based portfolio company pivoting into the legal cannabis and cannabinoid marketplace, proudly announces the Company has appointed Danny Wong as new Chief Executive Officer effective November 1, 2022. Mr. Wong is a veteran of the financial services and consulting industries with substantial experience interfacing with C-suite executives at Fortune 500 companies. Mr. Wong is a proven finance, audit and risk management leader with specific experience in M&A transactions, financial management, IT risk management, and audit preparation and execution. He plans to utilize his additional experience in designing internal control environments to build the Company’s infrastructure in preparation for the revenue growth planned by the board of directors.
Mr. William Chung, former CEO, states, “Mr. Wong brings experience from important business sectors that make him the ideal candidate to lead ECGI. I believe with his business acumen along with the relationships he has cultivated throughout the years within the industry, he is an obvious choice, as our shareholders will soon realize the potential and benefits he will bring to the company.”
“There are real opportunities in this current market that I believe ECGI can capitalize and generating real value is where I want to kick off my tenure as CEO here at ECGI. As a first order of business, identifying at least 2 key strategic acquisitions, within my first 3 months here is a goal that I am going to commit to”, states Danny Wong, newly appointed CEO of ECGI. “Additionally, I plan to establish a clear and direct communication line to address the outlook and future of ECGI. ECGI and its former CEO and team has done a tremendous job thus far, but I believe the value has gone unnoticed as there has been a lack of transparency. We need to bridge the gap between us, our shareholders, and the industry that we want to serve so that we can harmoniously cultivate something really special here. I am thankful for the opportunity and excited for what’s to come.”
About ECGI Holdings, Inc.
ECGI Holdings, Inc., which plans to operate as Elite Cannabis Group, is reorganizing as an acquisition-oriented corporation with California-based targets of under capitalized and distressed licensed cannabis assets, properties zoned for cannabis cultivation and processing, and cannabis companies operating in market sectors with national expansion possibilities. Additional information on the Company can be gained by contacting info@ecgiholdings.com.
Forward-looking Statements
This release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements also may be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management's current expectations or plans for our future operating and financial performance, based on assumptions currently believed to be valid. They can be identified by the use of words such as "anticipate," "intend," "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "would," "could," "will" and other words of similar meaning in connection with a discussion of future operating or financial performance. Examples of forward-looking statements include, among others, statements relating to future sales, earnings, cash flows, results of operations, uses of cash and other measures of financial performance.
Because forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors that may cause the Company's actual results and financial condition to differ materially from those expressed or implied in the forward-looking statements. Such risks, uncertainties and other factors include, among others such as, but not limited to, economic conditions, changes in the laws or regulations, demand for products and services of the Company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward-looking statements. Any forward-looking information provided in this release should be considered with these factors in mind. We assume no obligation to update any forward-looking statements contained in this report.
For more information, please contact:
Danny Wong
Info@ECGIholdings.com
SOURCE: ECGI HOLDINGS, INC.