Jeotex Inc. Announces Board Resignation

MISSISSAUGA, ON / ACCESSWIRE / May 25, 2019 / Jeotex Inc. (NEX: JTX.H), a leader in the delivery of Internet access in emerging markets today announced that except for Jerry Tarasofsky, the entire Board of Directors have resigned effective immediately, both in their capacity as Officers and Directors of the Company. Jerry Tarasofsky will serve as the interim sole officer and director, until additional directors and management can be recruited as part of the next stage of the Company’s growth.

About Jeotex

Jeotex, Inc. is a leader in providing affordable mobile Internet connectivity in emerging markets. The company’s patented, cloud-based technology reduces up to 97% the amount of data needed for web browsing, providing a broadband experience on any network – even on legacy 2G networks that are still prevalent in some developing countries. Jeotex also provides economical smartphones and tablets. Jeotex’s unique solution offers broad social and economic benefits for the billions of people around the world for whom an Internet connection was previously out of reach. Jeotex is traded on the NEX (NEX: JTX.H).

Forward-Looking Information

This press release includes certain forward-looking statements that are based upon current expectations, which involve risks and uncertainties associated with our business and the environment in which the business operates. Any statements contained herein that are not statements of historical facts may be deemed to be forward-looking statements, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend” and similar expressions to the extent they relate to the Company or its management. The forward- looking statements are not historical facts, but reflect management’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in the Company’s expectations, except as prescribed by applicable securities laws.

Key assumptions made in preparing the forward-looking statements contained in this Press Release include, but are not limited to, the following: The Company will continue to successfully increase its sales volumes, the Company will be able to maintain its gross margin, and the Company will continue to effectively manage the transition from private to public entity by hiring key senior and middle management and effectively rolling out and adopting appropriate policy changes.

No securities regulatory authority has either approved or disapproved the contents of this press release/media advisory.

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.

Contact:

Jerry Tarasofsky +1(905) 670-0809
Director, Jeotex Inc.

SOURCE: Jeotex Inc.

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