NEW YORK, NY, May 15, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – CGrowth Capital Inc. (OTC: CGRA) is a public holding company for alternative and undervalued assets. The company is sector and industry agnostic and is solely focused on investing in growth-oriented opportunities where the company’s capital, expertise, and capabilities can help create significant added value for shareholders.
CGrowth Capital Inc. has today announced the filing of its Q1 2023 disclosure which brings the company’s filing obligations fully up to date. This disclosure primarily focuses on the period before acceleration, when RedClip Holding Inc. acquired control of CGRA. The first quarter of the year 2023, like the last quarter of the year 2022, was an important time for the business, with the focus on finalizing restructuring and establishing the necessary accounting and administration structures. This helped position the company to accelerate growth and expand.
CGRA, following this restructuring phase is delighted to announce Mitchell Smith’s appointment as the new CEO of the company. Mitchell Smith brings a wealth of experience, including a distinguished career as a rugby professional, coach, and talent scout, as well as an extensive career as a technology and telecommunications industry executive. His unique blend of experience, in addition to the adaptability and resilience he has shown throughout his professional career, will be pivotal in realizing CGRA’s vision of investing in growth-oriented opportunities across multiple sectors. Mitch is currently the head coach for the Swifty 7s Rugby team. His leadership has resulted in remarkable success. The team won two of the three last tournaments under his leadership.
Mitchell Smith said he was honored to accept this new challenge. I look forward to collaborating with the dynamic team of CGrowth Capital Inc. in order to discover and implement unique investing opportunities, and to help drive our vision for harnessing technology to transform the sectors we work in. I look forward to the release of my first podcast recording, since joining the company, and providing a more in-depth overview of my professional career to date along with sharing my vision for the continued growth of CGRA.’’
Nicolas Link, Chairman, CGrowth Capital Inc., stated that they were “very excited” to welcome Mitchell to the company. “His diverse technical knowledge, sports expertise, and leadership are exactly what we require as we continue to invest in and discover undervalued assets within our various divisions. As a multi-dimensional company acquiring and growing scalable assets, we believe his distinctive insights will be instrumental in driving our company’s growth and success.” CGRA looks forward to the exciting new chapter this appointment heralds for the company’s future.
In order to oversee the company’s operations in both the current sports division and soon-to-be announced new division, several executive boards have been formed. This proactive measure recognizes the increasing global demand for these sectors, and the abundance of opportunities that exist within them. It also demonstrates the commitment of the company to acquire specialized expertise in every company division. In the next week, the members of the newly appointed boards will be announced, as well as the launch of a central company website, and a dedicated website for each recently created division.
For regular CGrowth Capital (CGRA) updates, you are invited to view the company’s website and/or to follow the company’s Twitter account:
Forward-Looking Statements: This press release contains certain information that is “forward-looking”, such as “future oriented financial information” or “financial forecast”, in accordance with applicable securities laws. (These statements are collectively referred to below as “forward-looking statements”). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company’s business, projects, and joint ventures; (iv) execution of the Company’s vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company’s projects; (vi) completion of the Company’s projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company’s current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. These forward-looking statements allow investors to gain a better understanding of management’s views and beliefs about the future. This will help them to evaluate investments. These statements are not a guarantee of future performance. They should not receive undue weight. These forward-looking statement necessarily involve known and unknow risks and uncertainties that may cause actual financial results and performance in future periods differ materially from projections expressed or implied. The Company’s management believes that the forward-looking statement contained in this presentation is accurate. However, actual results and future events may differ from what was anticipated. The Company is not obligated to update any forward-looking statement if the circumstances, management’s estimations or opinions change. This does not apply unless required by applicable securities law. The reader should not place excessive reliance on any forward-looking statement. The Securities and Exchange Commission (“SEC”) has provided guidance for issuers in regards to the use social media as a means to communicate material, non-public information. In this regard, investors and others should note that we announce material financial information via official Press Releases, in addition to SEC filings, press releases, Questions & Answers sessions, public conference calls and webcasts also may take time from time to time. These channels and social media are how we communicate with the public regarding our company, services, and other topics. Information we share on social media may be considered material information. Therefore, in light of the SEC’s guidance, we encourage investors, the media, and others interested in our company to review the information we post on the following social & media channels: Twitter: @CGRAOTC