DENVER, CO — January 23, 2019— TrackX Holdings Inc. (TSX.V:TKX | FRANKFURT:3TH) (“TrackX” or the “Company), a Software-as-a-Service (SaaS)-based enterprise asset management solution provider, today announced that Rick Kasch, a seasoned C-suite veteran of both the private and public sectors, has joined the Company’s Board of Directors. Mr. Kasch will also serve as the TrackX Audit Committee Chairman.

Mr. Kasch brings significant leadership and Board level experience to the TrackX team. He has served 20 years in the roles of CEO and COO, and 19 years as CFO and Treasurer across several industries including Oil and Gas, Hospitality, Technology Development and Professional Services. Most recently, Mr. Kasch was the CEO and Chairman of the Board for Enservco Corporation, a Denver based oil and gas field services company.  Prior to his work with Enservco, he held CFO positions at XAware, SI International, Park Suite Corporation, BHC and TSCentral. He also served as the President, Operations, North America for ITT Sheraton.

“I'm very excited and honored to be joining the Board of TrackX. My goal is to bring my extensive C-suite experience in various industries to assist the company's dynamic management team in taking the Company to the next level. TrackX is poised to enhance its position as the industry leader and generate significant value for its shareholders,” said Rick Kasch.

“We are very pleased to have Rick as our newest member of the Board,” said Tim Harvie, CEO of TrackX. “His extensive leadership, financial and Board level experience will be a tremendous asset to TrackX at this stage of our growth. Rick’s knowledge of software development and professional services will also help us as we continue to further our leadership position in the delivery of Enterprise Asset Management solutions to our customers. Experience in Oil and Gas and Hospitality will also prove valuable as TrackX begins to consider opportunities in these industries.” 

Mr. Kasch will be replacing Darren Devine, who is leaving the Board to pursue other interests. TrackX management and board members thank Mr. Devine for his contributions to the Company and to the Board.

About TrackX

TrackX, Inc. (TSX.V:TKX), based in Denver, Colorado, is an enterprise asset management company deploying SaaS-based solutions leveraging multiple auto-ID and sensor technologies for the comprehensive tracking and management of physical assets. TrackX's Global Asset Management for Enterprises (GAME) platform enables the IIoT by providing unique item level tracking, workflow processing, event management, alerting and powerful analytics to deliver solutions across a growing number of industries. TrackX delivers significant value to a growing list of Fortune 500 companies and for customers in industries such as transportation, beverage, brewery, healthcare, hi-tech, hospitality, mining, agriculture, horticulture, manufacturing and government.

For more information, please contact:

Gene McConnell, TrackX Holdings Inc.
investor@trackx.com
303-325-7300

Sean Peasgood, Sophic Capital
Sean@SophicCapital.com
647-361-8358

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur including the Company’s anticipated pipeline and value of current and customer deployments and future opportunities are the managements best estimates and cannot be guaranteed or relied upon and is forward-looking information.  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. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this news release, whether as a result of new information, future events or otherwise, except as required by law.