Mike Braun Retires as Director of Boardwalktech

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Sep 12, 2018, 16:00 ET

CUPERTINO, CA, Sept. 12, 2018 /PRNewswire/ - (TSXV:BWLK) – Boardwalktech Software Corp. ("Boardwalktech"), a leading enterprise blockchain software company, announced that long-time director and investor, Michael Braun, 68, has announced his resignation from the Board of Directors effective September 11, 2018, for personal reasons. Mr. Braun had already resigned from all of his other private and public company boards, with Boardwalktech being his last position. Mr. Braun has been a Director of Boardwalktech since 2005.

"The entire Boardwalktech organization, and myself personally, would like to thank Mike for all of his numerous contributions and service as a board member over the past fourteen years. I also want to thank Mike for continuing his service though our going public process this June before making his decision to retire," said Andrew T. Duncan, President and CEO of Boardwalktech Software Corp. "Mike remains excited about the future of Boardwalktech and will remain an active supporter and advisor to me and the Company."

"Since my retirement from the CEO job at Intacct in 2009, I have steadily reduced my participation and commitments in the information technology industry," said Mike Braun. "I have continued on the Boardwalktech board as my sole remaining commitment because of my belief in the Company and its team. With the company now public, it's the right time for me to step aside and focus on my health, grandchildren and philanthropy, and for the Company to bring aboard new directors."

The Board has commenced a search for a new independent Director to fill Mr. Braun's position in the near future, with an anticipated submission for shareholder approval at the Company's next Annual and General Meeting.

About Boardwalktech Software Corp.

Founded in 2004, Boardwalktech has developed a patented digital ledger technology that allows for multi-party collaboration and verification on a trusted, shared, secure, and private information cloud. Our Boardwalk Enterprise Blockchain data management platform allows rapid blockchain application development on many platforms using any user interface, supporting "smart contract" business logic, integration with legacy systems and an easy method of connecting all participants (through Boardwalk virtual machines) enabling the exchange of secure and validated digital business information.

Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America. For more information on Boardwalktech, visit our website at www.boardwalktech.com.

Forward-Looking Information and Statements

This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved".

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements.

An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading "Risk Factors" in the Company's filing statement dated May 30, 2018. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

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

SOURCE BoardwalkTech