Facedrive Announces Senior Management Transition | national company

TORONTO–(BUSINESS WIRE)–February 14, 2022–

Facedrive Inc. (“Facedrive” or the “ Society ”) (TSXV:FD), (OTC:FDVRF), Facedrive Inc. (“Facedrive” or the “ Society ), a Canadian “people and planet first” technology ecosystem, announces a change in its senior management team with the resignation of Nastassia Law as the company’s Chief Financial Officer, effective March 4 2022. Ms. Law will help the company transition, over a three-week period, to Jason Xie, MBA, CPA, FCPA and AICPA, who will serve as CFO going forward. Currently the company’s vice president of operations and finance, Mr. Xie has become a key figure in the company’s financial reporting system since joining the company in 2021, leading the implementation of new financial controls. , regulatory and key internal accountants while providing critical operational oversight and data-driven analytics to senior management and the board. The transition is part of a broader Company initiative to better integrate finance with operations to align its financial management and reporting systems with the evolving applications of conventional accounting standards versus platforms. technologies based on the gig-economy, particularly in delivery and logistics. space.

Mr. Xie has over 15 years of accounting, controlling and financial management experience with listed multinational companies dealing with regulators in the United States, Hong Kong and other regions. Prior to joining Facedrive, Mr. Xie served as Miniso’s Vice President, North America, Senior Financial Analyst at University Health Network, Head of Finance at Reflex Winkelmann GmbH, and Management Consulting Partner at a well-known CPA firm. Mr. Xie is proficient in the areas of financial reporting, budgeting, treasury, costing and management accounting, auditing, tax planning, mergers and acquisitions, from project evaluation, financial modeling, pre-IPO business improvement and strategy execution across a broad base of the most traditional industries. manufacturing, retail, logistics to those of the new era such as high technology, SaaS and the digital economy.

“We are delighted to have Jason Xie take on the role of Chief Financial Officer of Facedrive. Mr. Xie has already been an indispensable member of the team, demonstrating the skills and dedication we need for this role. We are confident that he will will successfully lead our finance team. I look forward to working with him in his new role,” said Suman Pushparajah, CEO of Facedrive.

About Face Drive

Facedrive is a multifaceted “people and planet first” technology ecosystem providing socially responsible services to local communities with a strong commitment to doing business in a fair, equitable and sustainable way. As part of this commitment, Facedrive’s vision is to fulfill its mandate through a number of services that leverage either the Company’s existing technologies or project synergies with existing business lines.

Facedrive’s service offerings include: (i) an eco-friendly ridesharing company, Facedrive Rideshare; (ii) food delivery service, Facedrive Foods; (iii) electric and hybrid vehicle subscription business, Steer; (iv) contact tracing and connected health technology services, Facedrive Health; (v) e-commerce platform, Facedrive Marketplace; and (vi) online social platform, Facedrive Social. Facedrive Rideshare was among the first to offer a wide variety of environmentally and socially responsible solutions in the transportation-as-a-service (TaaS) space, planting thousands of trees based on user consumption and offering choice between electric, hybrid and conventional vehicles (including, more recently, electric and hybrid vehicles on subscription via Steer). Facedrive Marketplace offers curated products typically created from materials that are sustainably sourced and tied to social causes. Facedrive Foods offers contactless delivery of a wide variety of foods directly to consumers’ doorsteps, with an emphasis on doing so in a socially and environmentally responsible manner. Facedrive Social strives to keep people connected in a physically distanced world through its HiQ and other online socializing platforms that invite users to interact based on common interests and by offering gamification and of mutual community support. Facedrive Health strives to develop and deliver innovative technology solutions to the most acute health issues, including its proprietary TraceSCAN wearable technology for contact tracing.

Facedrive envisions changing the narratives of ridesharing, food delivery, e-commerce, social tech, and healthcare for the better, for everyone, and is currently live in Canada and the United States.

To learn more about Facedrive, visit www.facedrive.com.

Forward-looking information

Certain information contained in this press release contains forward-looking information. This information is based on management’s reasonable assumptions and beliefs in light of the information currently available to us and is made as of the date of this press release. Actual results and the timing of events (such as his transition to the new Chief Financial Officer) may differ materially from those anticipated in the forward-looking information due to a variety of factors. Information regarding our expectations regarding future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but rather represent management’s expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.

See “Forward-Looking Information” and “Risk Factors” in Facedrive’s Annual MD&A for the fiscal year ended December 31, 2020 (filed on SEDAR on April 30, 2021) and its Interim MD&A for the period ended March 31. . , 2021 (filed on SEDAR on May 31, 2021) and June 30, 2021 (filed on SEDAR on August 31, 2021) for a discussion of the uncertainties, risks and assumptions associated with these statements and other risks. Readers are urged to carefully consider uncertainties, risks and assumptions when evaluating forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by securities laws. applicable and regulatory requirements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220214005910/en/

CONTACT: Media Contact: Sana Srithas|sana@facedrive.com

Suman Pushparajah

Chairman and Chief Executive Officer and Director

Tel: 1-289-452-0164

KEYWORD: NORTH AMERICA CANADA

KEYWORD INDUSTRY: OTHER PROFESSIONAL SERVICES PROFESSIONAL SERVICES FINANCE

SOURCE: Facedrive Inc.

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PUBLISHED: 2/14/2022 7:00 PM / DISK: 2/14/2022 7:02 PM

http://www.businesswire.com/news/home/20220214005910/en

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