Hong Kong, October 15th / PRNewswire / -- TROOPS, Inc. (Nasdaq ticker: TROO, hereinafter referred to as “TROOPS” or “the Company”) announced today the appointment of Jacopo Visetti as an independent director and Sergio Carloni as Chief Operating Officer. The Company stated that these appointments will further strengthen its management team and support it in advancing its growth strategy and integration plans following the recent announcement of a conditional sales agreement with EFFORCE Group (“EFFORCE”).
The company stated that the new leadership brings rich experience in digital assets, sustainable development projects, environmental commodities, financial services, and international business expansion. Both executives have held important leadership roles in the development of EFFORCE. EFFORCE is a blockchain-based platform focused on energy efficiency and sustainable solutions.
Mr. Visetti is a co-founder of EFFORCE, as well as a co-founder of AitherCO2 S and p.A. AitherCO2 S p.A is a leading environmental commodities company focused on emission trading. He has over 16 years of experience in the environmental market, with expertise in emission trading, renewable energy certificates, international business expansion, and quantitative financial analysis. Throughout his career, he has been involved in developing and expanding innovative sustainable development businesses that operate in global markets.
Mr. Carloni currently serves as the Chief Executive Officer of EFFORCE. He has also held senior leadership positions in the fields of environment, energy, consulting, and financial services. Prior to this, he served as the CEO of AitherCO2 S, p.A, Senior Advisor for Bank, of, America, Senior Advisor for Deloitte Consulting S and p.A, as well as a lecturer for Il Sole and Ore Business School. Until the early 21st century, he was also the Director of Finance and Control Administration at Brother Italia S and p.A, responsible for administrative, financial, and control activities on a global scale.
TROOPS, President and CEO, Damian Thurnheer stated: "This is an important step in strengthening the leadership capabilities of TROOPS as we continue to pursue our strategic vision. Jacopo and Sergio possess extensive experience in technology, digital assets, sustainable development, and international business expansion. As we seize the opportunities brought about by the evolution of the digital asset market and the broader expansion of our company's platform, their professional skills will be of great value."
The company stated that these appointments follow closely on its previous announcement of signing a conditional buy-sell agreement with EFFORCE Group. They reflect TROOPS's commitment to building a leadership team with the necessary professional capabilities to support long-term growth and value creation.
Regarding TROOPS, Inc.
TROOPS, Inc is a diversified enterprise group headquartered in Hong Kong. The group is mainly engaged in: (a) mortgage lending business in Hong Kong, providing mortgage loans to high-quality target borrowers; (b) real estate investment to generate additional rental income; (c) developing, operating, and managing an online financial market that offers one-stop fintech solutions including API services, leveraging artificial intelligence, big data, blockchain, and cloud computing (SaaS); (d) consulting and referral services related to immigration, education, and visa renewal applications; and (e) providing insurance referral consulting services to insurance brokers for insurance products. The group's vision is to create synergies within its own sustainable ecosystem as a diversified enterprise group, thereby generating value for its shareholders.
For more information, please visit the TROOPS Investor Relations website: www.troops.co.
Safe Harbor and Information Statement
This announcement contains “forward-looking” statements as defined by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Except for historical facts, all statements, including but not limited to the company’s objectives, plans, and strategies described in this press release, as well as statements preceded by or containing words such as “believes,” “expects,” “anticipates,” “future,” “will,” “intends,” “plans,” “estimates,” etc., are considered “forward-looking” statements. The forward-looking statements in this press release include, but are not limited to, the effectiveness of the company’s multi-brand, multi-channel strategy, and the shift in focus to a “light-asset” model for product development and sales. Although the company’s management believes such forward-looking statements to be reasonable, there is no guarantee that these expectations will be correct or will come to fruition. These forward-looking statements involve various risks and uncertainties that may result in significant differences between the company’s future performance and expectations. These forward-looking statements could change due to many events or factors, not all of which are within the company’s control, including but not limited to: the company’s ability to maintain effective internal controls over financial reporting; the company’s ability to successfully design and distribute products using licensed brands of others; the management of sales trends and customer structure; the possibility of obtaining loans and other financing in the absence of substantial fixed assets as collateral; changes in Chinese government policies; the overall economic conditions in China and the local market economy; the company’s ability to expand through strategic acquisitions and the establishment of new locations; compliance with government regulations; legislative or regulatory environments; geopolitical events; and other events and/or risks listed in the documents submitted by TROOPS to the U.S. Securities and Exchange Commission, including its annual report 20-F and other filing documents.All information provided in this press release and its attachments, as of the date of issuance, except as required by applicable laws, TROOPS assumes no obligation to update any forward-looking statements.
