September 8, 2020

DRONE DELIVERY CANADA ANNOUNCES APPOINTMENT OF MANISH ARORA AS CHIEF FINANCIAL OFFICER

 

TORONTO, ONTARIO – September 8th, 2020 – Drone Delivery Canada Corp. (TSXV: FLT; OTC: TAKOF; Frankfurt:  A2AMGZ or ABB.F) (the “Company” or “DDC”) is pleased to announce the appointment of Mr. Manish Arora as Chief Financial Officer (CFO) of the Company, effective September 8th, 2020.

 

Mr. Arora joined DDC in August 2019 as Corporate Controller and in that capacity demonstrated successful oversight of the day to day finance, accounting, public company reporting, and supply chain activities. He previously served as Corporate Controller for Cardinal Health Canada and has had prior experience in the aerospace industry with Vector Aerospace and in the automotive industry with Martinrea International and Magna Powertrain. Mr. Arora has over 15 years of experience in public company financial reporting, IFRS, U.S. GAAP, accounting, taxation, financial planning & analysis, treasury, and ERP systems implementation in mid to large size organizations.  He led the recent implementation of the comprehensive Oracle NetSuite financial management system within the Company.  He graduated with a Bachelor of Commerce and is Chartered Professional Accountant (CPA, CMA) who earned his designation in 2008.

 

“With the appointment of Mr. Arora to CFO, and the successfully completed implementation of Oracle NetSuite, we are fully bringing in-house the finance & accounting functions, which were previously outsourced.  This is a natural progression for the Company as we mature and are now fully commercially operational and revenue generating.  Mr. Arora has had excellent success as Corporate Controller with DDC and brings an outstanding skillset and level of experience to perform the finance & accounting functions going forward,” said Michael Zahra, President & CEO of DDC.

 

“We’d like to express our gratitude to Mr. Robert Suttie of Marrelli Support Services Inc. for his many years of service and dedication to the Company,” said Mr. Zahra of the outgoing CFO Robert Suttie. The Company plans to maintain an as-needed consulting relationship with Mr. Suttie throughout the transition process.

 

About Drone Delivery Canada Corp.

 

Drone Delivery Canada Corp. is a drone technology company focused on the design, development, and implementation of its proprietary logistics software platform, using drones. The Company’s platform will be used as a Software as a Service (SaaS) model for government and corporate organizations globally.

 

Drone Delivery Canada Corp. is a publicly listed company trading on the TSX.V Exchange under the symbol FLT, on the U.S. OTC Q B market under the symbol TAKOF and on the Frankfurt exchange in Germany under the symbol A2AMGZ or ABB.F .

 

Read more about the Company at: www.DroneDeliveryCanada.com or on DDC’s social media:

 

https://www.linkedin.com/company/drone-delivery-canada

 

https://www.youtube.com/dronedeliverycanada

 

https://www.facebook.com/dronedeliverycanada

 

https://www.instagram.com/dronedeliverycanada

 

https://twitter.com/DroneDeliveryCa/

 

 

For further information:

 

Investor Relations: Mr. Michael Zahra, Chief Executive Officer, and Mr. Bill Mitoulas, Telephone: (416) 479-9547, Email: billm@dronedeliverycanada.com;

 

Media Relations: Mr. Nelson Hudes, Hudes Communications International, Telephone: (905) 660-9155, Email: nelson@hudescommunications.com

 

 

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

 

Notice Regarding Forward Looking Information

 

Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties. This forward-looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals (both in Canada and internationally). Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward looking information. The parties undertake no obligation to update forward-looking information except as otherwise may be required by applicable securities law.