TORONTO, May 14, 2018 (GLOBE NEWSWIRE) — Kuuhubb Inc. (“Kuuhubb” or the “Company”) (TSX-V:KUU), a technology company focused on acquiring, developing and distributing lifestyle and mobile game applications, is pleased to announce a pair of senior executive appointments as part of its global expansion strategy. These appointments will serve to further enhance the Company’s general managerial capabilities and further the growth of Kuuhubb’s flagship app Recolor, the world’s leading digital coloring community.
The following individuals have been appointed:
Ms. Dragana Gucanin, the co-founder of Valiance UG, has been appointed to the new position of Chief Executive Officer of Recolor. Ms. Gucanin brings a wealth of experience across strategy, consulting, partnerships, marketing and ecosystem enablement in the technology startup world. Ms. Gucanin’s skill set is ideally suited to building out the Recolor brand. Most recently she held a CEO position in the technology development studio, Codecacao, for 5 years and a COO position in Valiance UG.
Mr. Charles Sung, CPA, CA, CPA (IL) has been appointed as the Chief Financial Officer of Kuuhubb Inc. Prior to joining the Company, Mr. Sung was the CFO for an international-scale mining company and has been instrumental in the transformation of financial and accounting systems and processes for numerous organizations. Mr. Sung was also an Assurance Manager at one of Canada’s largest accounting and professional assurance firms. He has managed numerous audit and consulting engagements and advised on technical accounting and auditing issues for both private and public sector clients. Mr. Sung graduated from the University of Toronto with a Bachelor of Applied Science degree in Electrical Engineering and a Master of Management & Professional Accounting degree from the Rotman School of Management.
“We are extremely pleased to welcome Dragana as the Kuuhubb family’s first female CEO and are excited to have her lead Recolor through the next stages of its global growth. Additionally, I want to welcome Charles and his diverse experience in Canadian-listed companies, to strengthen the existing Helsinki-based Kuuhubb finance team, as the new Kuuhubb Canada-based CFO. We have the utmost confidence in Charles’ ability to lead the finance organization to maintain full compliance as a Canadian-listed company,” stated Jouni Keranen, CEO of Kuuhubb.
Kuuhubb is a company active in the digital space that focuses mainly on lifestyle and mobile game applications. Its strategy is to create sustainable shareholder value through acquisitions of proven, yet underappreciated, assets with robust long-term growth potential. Headquartered in Helsinki, Finland, Kuuhubb has a global presence with a strong focus on developing U.S. brand collaborations and Asian partnerships.
Cautionary Note Concerning Forward-Looking Information
This press release contains forward-looking information. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements relating to the growth of Recolor and the development and growth of the Company’s business) are forward-looking information. This forward-looking information reflects the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things, risks related to the growth strategy of the Company, the possibility that results from the Company’s growth plans will not be consistent with the Company’s expectations, the early stage of the Company’s development, competition from companies in a number of industries, the ability of the Company to manage expansion and integrate acquisitions into its business, future business development of the Company and the other risks disclosed under the heading “Risk Factors” in the Company’s annual information form dated October 30, 2017 filed on SEDAR at www.sedar.com. Forward-looking information speaks only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward- looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
Neither 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.
For further information, please contact:
Jouni Keränen – CEO
Office: +358 40 590 0919
Office: +1 (416) 479-9547