NEW YORK, January 14, 2014 /PRNewswire/ --
BreedIT Corp (OTC: BRDT; "BreedIT" or the "Company"), through its Israeli subsidiary, BreedIT Ltd., exclusive worldwide distributor of highly sophisticated agro-breeding solutions for plant breeders and researchers, today announced that on January 7, 2014, the Company's board of directors appointed Mr. Yoel Yogev as Chief Executive Officer, replacing Mr. Erez Zino who resigned and will continue to serve on the board as a director.
Mr. Yogev brings over 27 years of executive management and investment experience in the technology sector to BreedIT Corp. From 1987 to the present, Mr. Yogev has served as the Chairman and Chief Executive Officer of El-Gev Electronics Ltd., a leading Israeli sales representative and distributor for OEMs of electronics, fiber-optics, RF Transmitors and microwave components, modules as well as T&M systems and embedded computer solutions. He has also been an investor in many private "start-up" companies in Israel, principally in the technology sector. Mr. Yogev holds a Bsc.E.E. degree from The Technion Israel Institute of Technology.
Yoel Yogev, commented, "After years of running my own company and providing angel financing to various start up and emerging technology companies, including BreedIT Corp., I decided to take a more active approach with BreedIT and have accepting the position as CEO. Having held the position as Chairman of BreedIT Ltd. Almost since inception, I have had the opportunity to work closely with the company and see huge potential in their industry-changing technology. I look forward to building the company from the ground-up and to it becoming a leading provider to the expansive global agro-breeding market."
"I'd like to officially welcome Mr. Yogev to the position of Chief Executive Officer. His years in executive management, financial acumen and vested experience with BreedIT Ltd. and its technology, will be instrumental in our growth and marketing efforts moving forward. We are grateful for this management oversight and contributions in the time ahead," stated Itschak Shrem, Chairman of BreedIT Corp.
Lastly, Mr. Schrem continued, "On behalf of the Company and the board, I'd like to thank Mr. Zino for his hard work and dedication as CEO. We are happy to have him stay on as an active member of our board and wish him well in his pursuit of other business opportunities."
About BreedIT Corp
BreedIT Corp (OTC: BRDT), through its Israeli subsidiary, BreedIT Ltd., is the developer of highly sophisticated agro-breeding solutions for plant breeders and researchers. BreedIT's proven Intelligent Decision Support System (the "IDSS Software"), which was developed by a team consisting of among the world's leading breeding specialists for optimizing the breeding processes, services the plant breeding needs of corporations, research and government institutions. BreedIT's IDSS provides advanced solutions for generating and disseminating knowledge aimed at assisting breeders to plan, manage and analyze their breeding data and to perform research activities quickly and effectively. Founded in 2010, BreedIT has offices in New York, New York and in Rehovot, Israel.
This press release may contain forward-looking statements, including information about management's view of the Company's future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents the Company files with the Securities and Exchange Commission, including but not limited to, its Form 10-K, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on the Company's future results. The forward-looking statements included in this press release are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company.
In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated.* BreedIt Corp's public filings may be viewed at http://www.sec.gov/.
SOURCE BreedIT Corp