VANCOUVER, March 7 /PRNewswire-FirstCall/ - Deploy Technologies Inc. (OTC: DPLY) announced today that it has posted its financial report for the second quarter 2011.
The company has demonstrated progressive increases in shareholder value to investors resulting in private placements of over $235,000 CAD subsequent to the 2011 second quarter period.
Harjit (Bobby) Grewal has been appointed Director and VP of Corporate Development. Bobby is a Chartered Accountant and operates his CA firm Grewal & Co. in Surrey, British Columbia.
Wisdom Ncube has resigned his positions of CFO and Director and will remain active in helping the company prepare its financial reports through his Chartered Accounting Firm BESA Global Consulting. Andre Thompson has assumed the CFO position.
The company has had great success with the Version I prototype and is in the process of producing its Version II prototype which has increased functionality designed to add value to the core product while increasing opportunities of integration into and replacing existing technical solutions.
David Eppert, Chief Executive Officer of Deploy, said: "Investors have watched as our core product came to life during the development and testing phases and have demonstrated their support of our direction with substantial equity investments. We will continue our drive towards achieving revenue."
The articles of incorporation are available to shareholders on OTCMarkets.com and SEDAR.com under symbol DPLY. Quotations for Deploy are available at OTC Pink Markets (www.otcmarkets.com) and other stock market quotation service web sites.
About Deploy Technologies Inc.
DEPLOY is a development stage company currently designing and developing technologies for fleet service companies and other organizations, including mining, industrial, military, and law enforcement. The Company is developing solutions that help companies leverage their existing fleets to increase productivity and profitability. We believe that our approach to discovering and solving niche solutions for fleet service organizations presents an opportunity for investors to participate in the future success of the company.
FORWARD LOOKING STATEMENTS
The statements contained above which are not historical are forward-looking statements that are subject to risk and uncertainties that could cause actual results to differ materially from those expressed, including but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other.
SOURCE Deploy Technologies Inc.