Parvis Announces Senior Leadership Change and Strategic Hiring Updates

Parvis' Chief Operating Officer to step down as Parvis realigns post RTO, bringing on Scott Spence as Head of Growth and Zoe Seguev as Director, Operations and Compliance in a newly established roles, effective immediately

VANCOUVER, BC, March 13, 2023 /PRNewswire/ - Parvis Invest Inc. (TSXV: PVIS)  ("Parvis" or "the Company"), a technology-driven real estate company focused on broadening access to institutional quality real estate investment opportunities, today announced the stepping down of Conan Graham, Co-Founder and Chief Operating Officer effective as of April 3rd and the addition of Scott Spence to the position of Head of Growth and Zoe Seguev as Director, Operations and Compliance.

"On behalf of the Board, I am grateful for everything Conan has done to position Parvis for the future," said Drew Green, Co-Founder and Chairman of the Board. "As we move into the next period of growth, we do so from a position of strength, a testament to the performance and hard work of our founding team. Looking ahead, our objective remains to execute on our vision of long term growth and enhancing scale in order to deliver sustainable results," continued Green.

On the heels of the TSXV listing on March 10th 2023, Q1 has proven to be a busy and exciting time for Parvis. In a series of strategic hires and restructuring, Parvis is focused on platform user growth propelled by its vision to democratize access to quality real estate for investors across Canada.

"It is with a lot of tenacity and hard work that the team has built Parvis over the last 18 months, and our future is bright," states David Michaud, Co-Founder and Chief Executive Officer. "Post listing our focus is on broadening awareness of the platform, continuing to curate high quality real estate projects and delivering a seamless investing experience. Ensuring we have the right people in place to deliver against our ambitious goals is crucial, and this is why I am invigorated by the arrival of Scott and Zoe in important roles within Parvis. Both have outstanding track records and I'm confident we are building the team that can deliver value for clients and shareholders." 

As Head of Growth, Spence will be responsible for expanding the business through identifying market opportunities and leading sales and marketing strategy and operations, with the view to increasing customer acquisition and retention. With a proven track record of driving growth and building successful brands and most recently, Spence was the Global Marketing Director at Fundsquire in Toronto. Prior to that Spence held various other media and communications roles and was an Equities and Futures Trader. Spence brings over 15 years of experience in developing and executing comprehensive growth and marketing strategies, combining full-stack marketing with data-driven decision making to drive brand awareness and revenue growth.

Today Parvis has also welcomed Zoe Seguevas Director, Operations and Compliance. Seguez comes to Parvis with vast experience in operations and controls management with notable businesses such as We Work, Vivovii and most recently, Coinsquare, where she held the position of Senior Business Operations Manager.

Parvis is a technology-driven real estate investing platform. Focused on broadening access to institutional quality real estate investment opportunities, Parvis promotes greater access in this historically inaccessible and illiquid asset class. Enabled by blockchain technology, Parvis makes finding, tracking, and maximizing investments an experience that is both frictionless and empowering. Parvis, headquartered in Vancouver, employs experts in Toronto, Vancouver, and Montreal. Additional information about Parvis  is available at  www.parvisinvest.com and on SEDAR at www.sedar.com.

This news release contains "forward-looking information" and "forward-looking information" within the meaning of applicable securities laws (collectively, "forward-looking statements") within the meaning of Canadian securities legislation. Forward-looking information generally refers to information about an issuer's business, capital, or operations that is prospective in nature, and includes future-oriented financial information about the issuer's prospective financial performance or financial position. . Forward-looking statements are often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding: final acceptance of the Exchange of the Qualifying Transaction and the issuance of the Final Exchange Bulletin; commencement of trading of the Common Shares; and the Company's business plans and role in the real estate industry. To develop the forward-looking information in this news release, the Company made certain material assumptions, including but not limited to: prevailing market conditions; general business, economic, competitive, political and social uncertainties; delay or failure to receive board, shareholder or regulatory approvals; and the ability of the Company to execute and achieve its business objectives. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Actual results may vary from the forward-looking information in this news release due to certain material risk factors. These risk factors include, but are not limited to: adverse market conditions; changes in general economic, business and political conditions; changes in applicable laws and regulations; compliance with extensive government regulation; reliance on key and qualified personnel; risks associated with the real estate and technology industries in general; and the risk factors disclosed under the heading "Risk Factors" in the Filing Statement. The foregoing list of material risk factors and assumptions is not exhaustive. The Company assumes no obligation to update or revise the forward-looking information in this news release, unless it is required to do so under Canadian securities legislation.

Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. Investors are cautioned that, except as disclosed in the management information circular or Filing Statement prepared in connection with the Qualifying Transaction, any information released or received with respect to the Qualifying Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Company should be considered highly speculative.  This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

SOURCE Parvis Invest Inc.