extractX Ltd. Announces Additions to the Board of Directors and Appointment of Chief-level Executives Following Completion of Business Acquisition of extractX Incorporated

NIAGARA, Ontario, Oct. 18, 2021 (GLOBE NEWSWIRE) -- extractX Ltd. ("extractX" or the "Company"), is pleased to announce additions to the Board of Directors ("Board") following the Company's completion of the business acquisition of extractX Incorporated for which articles of amalgamation were received October 15, 2021.

Joining existing board members Albert Iannantuono, Co-Chief Executive Officer and Chief Marketing Officer, extractX, and Andrew Bailey, Chief Executive Officer, North America, The&Partnership, are the following:

• Collin Stone, Co-Chief Executive Officer and Chief Operating Officer, extractX
• Peter Manuel, CFO at Ucore Rare Metals Inc., and Director, Sixth Wave Innovations Inc.
• Mitchell Osak, Chief Executive Officer, Quanta Consulting Inc.
  

Complete biographies for the extractX Board can be found on the company website under the About Us tab at Board of Directors | extractX Inc.

Additionally, extractX is pleased to announce that Collin Stone has been appointed Co-Chief Executive Officer and Chief Operating Officer, George Barkwell has been appointed Chief Financial Officer, and Jonathan Brillinger has been appointed Chief Growth Officer.

Complete biographies for the extractX leadership team can be found on the company website under the About Us tab at Leadership Team | extractX.

"This is another exciting milestone for extractX on our intended path to becoming a publicly-traded company. Our Board and leadership team are comprised of prominent members of the business community and bring with them a wealth of knowledge and experience to guide extractX in achieving our long-term goals," said Albert Iannantuono, CEO of extractX. "Their significant financial and governance expertise as well as business and industry acumen will contribute to the strategic priorities of the Company and serve our stakeholders at this exciting time for extractX."

No stock exchanges have reviewed or accepted responsibility for the adequacy or accuracy of the content of this press release.

About extractX Ltd.

extractX designs, builds, and operates industrial scale self-contained mobile extraction laboratories equipped with the most effective and reliable equipment, allowing for efficient 24/7 operation, and unlimited scalability to meet the demand of any size operation. Built to GPP/GMP/EU GMP standards, extractX purpose builds mobile extraction laboratories to service biomass cultivators and producers wherever and whenever the service is needed, onsite and on demand anywhere in the world.

Certain statements contained herein constitute forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. Such statements include, without limitation, statements regarding business and financing, business trends and future operating revenues and expenses. Statements regarding the aforementioned are based on several assumptions and are not to be considered fact. Although extractX Ltd. believes that the statements are reasonable, it can give no assurances that such expectation will prove to be correct. Investors are cautioned that any forward-looking statements made by extractX Ltd. contain no guarantee of future performance and that actual results may differ materially from those set forth in the forward-looking statements. For additional information see the reports filed by the company in its securities filings with applicable securities regulators (currently available at www.sedar.com).

Unless otherwise required by applicable securities laws, extractX Ltd. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.