FORT LAUDERDALE, FL, Nov. 15, 2022 (GLOBE NEWSWIRE) -- SFLMaven Corp. (OTC Pink: SFLM) ("SFLMaven" or the "Company") (www.sflmaven.com), today announced that, following a change in control, Chad MacKay has been appointed as Chairman and CEO and the Company and will oversee the launch of the Company’s new business plan that focuses on acquisitions or technology licensing opportunities.
The Company will focus on identifying companies and/or technologies that could be impactful in their respective industries.
Mr. MacKay is the cofounder and managing partner of Loyal Companies, a private equity firm focusing on mergers and acquisitions. Prior to joining Loyal Companies, Mr. MacKay was founder and managing partner of Kai Data Companies.
Mr. MacKay has been actively involved as a director with other companies and organizations. Among the boards on which he serves currently and in the past are: Loyal Companies, Revvu, Cumulus, Cumulus Advanced Technologies, Kai Data, Vulcan7, Espresso Agent, Team Leads, Bear River Management Group, Kai Insurance, Synergy Holdings, RAD, Loyal Technologies, Trustee for Chase N' Heaven and Brother's Keeper.
Mr. MacKay has been active in philanthropy supporting children and families that have physical and/or mental challenges. He continues to work individually with those families and individuals to provide resources, tools, equipments, but most importantly support for the specific needs they have.
“I am very excited to become a part of SFLMaven Corp as the Company’s Chairman and CEO.” Said Mr. MacKay. “I have been in private equity for the past 15 years and have done a lot of exciting deals. Our team has built an impressive deal flow of prospects that could be acquired or technology that could be licensed by SFLM.”
Mr. MacKay continued, “Our goal will be to add acquisitions and/or licensing agreements to technologies that we believe will be accretive to the Company and our Shareholders. For example, we are working with one credible University on some amazing technologies in the lithium mining industry that could be really important to the future of electric batteries. Where it makes sense to focus on specific verticals, we will. If we find Companies that could benefit by being a part of the SFLM family of companies we will evaluate those. We have an aggressive team and look forward providing more detailed updates in the near future.”
The Company’s previous Chairman and CEO, Joseph Ladin, resigned as Chairman and CEO as part of these changes.
In addition, as part of the Company’s new business focus, the Company has determined to divest of its operating subsidiary, SFLMaven of Florida, LLC. The divestiture transaction is expected to `be completed by the end of November 2022.
About SFLMaven Corp.
SFLMaven Corp. is seeking acquisition or licensing opportunities with companies with breakthrough technologies.
Forward-Looking Statements
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