Facedrive Welcomes former Newstrike CEO Jay Wilgar as Chief Strategy Officer

Facedrive Inc. (“Facedrive”) (TSXV: FD), the first Canadian peer-to-peer, eco-friendly ride-sharing network, is pleased to welcome Jay Wilgar, a 20-year veteran of start-up management and business growth, to the Facedrive executive team as Chief Strategy Officer.

Mr. Wilgar is the former Chief Executive Officer and Chairman of Newstrike Brands Ltd. and has served on the board of directors of Facedrive since September 2019. As Chief Strategy Officer of Facedrive, Mr. Wilgar will use his two decades of high-growth experience to develop and manage corporate and strategic partnerships, further positioning Facedrive for growth as it prepares to launch internationally in 2020.

“I’m very excited to welcome Jay to the executive team,” said Sayan Navaratnam, Chief Executive Officer of Facedrive. “Jay is well-known both nationally and internationally as a top-notch innovator who has been crucial for building growth in a number of key startups.”

Mr. Wilgar has launched several companies in multiple industries and serves as a member of the board of directors of several companies. In 2001, Mr. Wilgar launched renewable development firm AIM PowerGen Corporation (“AIM”) and built it and successor companies into energy projects worth approximately $2.5 billion before AIM was acquired by global renewable power firm International Power Canada (IPR-GDF Suez) in 2009. Mr. Wilgar brings two decades of wide-ranging experience to Facedrive, straddling sectors relevant to Facedrive’s vision and principles, including in the fields of renewable energy and technology.

“Facedrive is an eco-friendly, high-tech company that believes that profitability and environmental and social responsibility can and must go hand-in-hand,” said Jay Wilgar. “I share this sentiment and feel very fortunate to join the executive team as we continue to position Facedrive for growth amid preparations for our international launch.”

About Facedrive

Facedrive is a unique people and planet first ridesharing platform committed to doing business fairly and equitably. As a community platform, drivers are real partners in the company, benefitting from uniquely customized incentives and rewards that reflect a dedication to shared success. For more about Facedrive, visit www.facedrive.com.

Facedrive Inc.
100 Consilium Pl, Unit 400, Scarborough, ON, Canada M1H 3E3
www.facedrive.com

Sayan Navaratnam
Chief Executive Officer and Director
Tel: 1-888-300-2228

Forward-Looking Information

Certain information in this press release contains forward-looking information. This information is based on management’s reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release. Actual results and the timing of events may differ materially from those anticipated in the forward-looking information as a result of various factors. Information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. Statements containing forward-looking information are not facts but instead represent management’s expectations, estimates and projections regarding future events or circumstances. Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements.

See “Forward-Looking Information” and “Risk Factors” in the Corporation’s Filing Statement dated August 28, 2019 for a discussion of the uncertainties, risks and assumptions associated with these statements. Readers are urged to consider the uncertainties, risks and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. We have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law.

Neither 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200312005143/en/

Media Contact: Sana Srithas | [email protected]