Wellfield Announces the Appointment of New CFO
July 16, 2025 5:05 PM EDT | Source: Wellfield Technologies Inc.
Toronto, Ontario--(Newsfile Corp. - July 16, 2025) - Wellfield Technologies Inc. (TSXV: WFLD) (OTC Pink: WFLDF) (FSE: K8D) (the "Company" or "Wellfield") announces today that the board of directors of the Company has appointed John Parker as Chief Financial Officer of the Company, effective July 11, 2025.
With over 25 years of leadership, as a former business owner, CFO, General Manager and Director, Mr. Parker brings a highly developed suite of leadership skills and abilities when working with entrepreneurs and management teams. John developed enhanced financial reporting processes, key performance indicators and Balanced Scorecard to drive businesses forward for profitable growth. In the past, Mr. Parker has supported clients with raising equity and debt financing to grow companies and achieve strategic goals. Mr. Parker brings over 25 years of governance experience, and has been a director, treasurer, Chair of Audit and Finance Committees for private and public companies along with Not-for-Profit entities.
Effective July 11, 2025, Mr. Parker will assume the role of Chief Financial Officer from Levy Cohen, who had served as interim Chief Financial Officer of the Company since January 2025. Mr. Cohen will stay on as the Chief Executive Officer and a director of the Company.
About Wellfield
Wellfield Technologies, Inc. (TSXV: WFLD) is a leading fintech company specializing in innovative solutions leveraging blockchain technology. Our platform Coinmama (web and mobile app), provides seamless access to the cryptocurrency market for over 3.5 million registered users across 180 countries. We offer disruptive on-chain and web3 secure and friendly self-custody solutions through Coinmama. Additionally, Wellfield operates Tradewind Markets platform to digitize and trade real-world assets, including our flagship VaultChain™ Gold and VaultChain™ Silver products.
Join Wellfield's digital community on LinkedIn and Twitter, and for more details, visit wellfield.io
CAUTIONARY NOTICE ON FORWARD‐LOOKING STATEMENTS
This news release contains statements that constitute "forward-looking information" ("forward-looking information") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking information and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information. Forward-looking information in this news release are based on the Company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward- looking information necessarily involves known and unknown risks and uncertainties, which may cause the Company's actual performance and results in to differ materially from any projections of future performance or results expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to general business, financial market, economic, competitive, political and social uncertainties. There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated. Readers are cautioned that the foregoing list is not exhaustive and readers are encouraged to review the disclosure documents accessible on the Company's SEDAR+ profile at www.sedarplus.ca. Readers are further cautioned not to place undue reliance on forward-looking information as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has approved nor disapproved the contents of this news release, nor do they accept responsibility for the adequacy or accuracy of this release.
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