Robert Fernander Appointed Board Chairman As Ubiquity Continues To Roll Out Its Restructuring Plan
IRVINE, CA / ACCESSWIRE / October 4, 2017 / Ubiquity, Inc. (''Ubiquity'' or the ''Company'') (OTC PINK: UBIQ) is a vertically integrated, technology-focused media company. Ubiquity's portfolio of patents and intellectual property cover virtual, augmented, mixed and immersive reality, as well as the Internet-of-Things, announced that Robert Fernander was appointed Chairman of the Board of Directors on September 8, 2017.
Robert (''Bob'') a seasoned business executive experienced in connecting new technologies to high growth markets who originally joined the Company's Board of Directors in April of this year has been appointed as the board Chairman. Bob will continue to be focused on establishing a clear strategy for recovery and growth. Bob said, ''I am looking forward to the opportunity to continue Ubiquity's restructuring plan that Chris Carmichael has started and establishing a clear strategy for revenue and growth.''
Mr. Carmichael, who is Ubiquity's outgoing Chairman, resigned from the Board of Directors following the appointment, said, ''The announcement is the next step in a renewal program that is an ongoing element of the board's work. Bob's deep experience and exposure to a broad range of technology-focused enterprise and consumer-facing businesses makes him an excellent addition as chairman. Carmichael who is one of the Company's largest Creditors and Shareholders continued to say, ''Bob's experience is well suited to address Ubiquity's growth develop and various restructuring initiatives.''
Based in Irvine, CA, Ubiquity is a vertically integrated, technology-focused media company. Ubiquity's portfolio of patents and intellectual property covering virtual, augmented, mixed and immersive reality as well as the Internet-of-Things.
To find out more, visit our website at www.ubiquitycorp.com.
Statements in this press release that are not descriptions of historical facts are forward-looking statements that are based on management's current expectations and assumptions and are subject to risks and uncertainties. In some cases, you can identify forward-looking statements by terminology including ''anticipates,'' ''believes,'' ''can,'' ''continue,'' ''could,'' ''estimates,'' ''expects,'' ''intends,'' ''may,'' ''plans,'' ''potential,'' ''predicts,'' ''should,'' ''will,'' ''would,'' or the negative of these terms or other comparable terminology. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those currently anticipated. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law.
SOURCE: Ubiquity Inc.