Universal mCloud Adds Ian Russell, President and CEO of the Investment Industry Association of Canada (IIAC), as Independent Board Member and Prelude to NASDAQ and TSX Up-Lists

VANCOUVERSept. 3, 2019 /CNW/ – Universal mCloud Corp. (TSX-V:MCLD) (OTCQB:MCLDF) (the “Company“), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence (“AI”) and analytics, today announced that Ian Russell, President and CEO of the Investment Industry Association of Canada (“IIAC”), will be joining the Company’s Board of Directors as Independent Director, effective immediately. Mr. Russell will serve on all of the Company’s independent committees and will actively work alongside Michael A. Sicuro, Non-Executive Chair, to prepare mCloud for listing on the NASDAQ stock exchange, originally announced on October 16, 2018.

“We are privileged to have Mr. Russell join mCloud’s Board of Directors,” said Michael A. Sicuro, mCloud’s Non-Executive Chair. “As one of Canada’s most prominent figures in the investment industry, Mr. Russell brings extensive experience in the global capital markets that will accelerate the Company’s expansion into new geographies and propel organic growth across all lines of business.”

Mr. Russell is a sought-after presenter, speaker and frequent media commentator on issues related to the global investment industry. For over 20 years, he has engaged with regulators and industry trade groups all over the world, including the International Organization of Securities Commissions (IOSCO), the Financial Stability Board (FSB), the European Securities and Markets Authority (ESMA), the Japan Securities Dealers Association (JSDA), the Securities and Futures Commission (SFC) in Hong Kong, the U.S. Securities and Exchange Commission (SEC), the Japan Securities Dealers Association (JSDA), and the U.S. Securities Industry and Financial Markets Association (SIFMA).

While in his role at the Investment Dealers Association of Canada (IDA), and current role as President and CEO at the IIAC, Mr. Russell has worked with and amongst various global equity markets, including the TMX Group, New York Stock Exchange (NYSE), NASDAQ, and the London Stock Exchange Group. He served as Chairman of the International Council of Securities Associations (ICSA) from 2014 to 2017, a role that enabled him to promote and raise awareness of Canada’ssecurities industry and international capital markets.

Mr. Russell has an Honours degree in Economics and Business from the University of Western Ontario and a postgraduate degree in Economics from the London School of Economics and Political Science. He has completed the Partners, Directors, and Senior Officers Qualifying Examination, and is a Fellow of the Canadian Securities Institute.

In addition to Mr. Russell joining mCloud’s Board of Directors, the Company announced today that it has begun the process of graduating from the TSX Venture Exchange (“TSX-V”) to the Toronto Stock Exchange (“TSX”).

About Universal mCloud Corp.

Universal mCloud Corp. (TSX-V:MCLD) (OTCQB:MCLDF) is creating a more efficient future with the use of AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Through mCloud’s AI-powered AssetCare™ platform, mCloud offers complete asset management solutions to three distinct segments: smart facilities, power generation, and process industries including oil and gas. IoT sensors bring data from connected assets into the cloud, where AI and analytics are applied to maximize their performance. Headquartered in Vancouver, Canada with offices in locations worldwide including CalgarySan Francisco, and Beijing, the mCloud family includes an ecosystem of operating subsidiaries that deliver high-performance IoT, AI, 3D, and mobile capabilities to customers, all integrated into AssetCare. With over 100 blue-chip customers and more than 35,000 assets connected in thousands of locations worldwide, mCloud is changing the way energy assets are managed. For more information, visit www.mcloudcorp.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Universal mCloud Corp.

Please See Disclaimer


Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on my research and understanding of the sector.

2) The Article was issued on behalf of a third party, Universal mCloud Corp. by their agency of record, Native Ads Inc. Market Jar Media Inc. has or expects to receive the following amounts from Native Ads Inc. in the CAD amount of one hundred twenty-five thousand, eight hundred eighty-five dollars for 19 campaign days (13 business days). In addition, Market Jar was re-engaged by Native Ads for a period of 33 campaign days (23 business days) in the amount of eighty-eight thousand eight hundred and fifty-seven dollars and fifty cents. Additionally, Market Jar was re-engaged by Native Ads for a period of 2 campaign days (2 business days) in the CAD amount of forty five thousand seven hundred and twenty dollars.

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on Microsmallcap.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on Microsmallcap.com.

5) Except for stock options issued to Market Jar Media Inc., Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.