DENVER, CO — September 26, 2018— TrackX Holdings Inc. (TSX.V:TKX) (“TrackX” or the “Company), a Software-as-a-Service (SaaS)-based enterprise asset management solution provider, is pleased to announce the addition of Scott O’Farrell as Vice President of Sales. Mr. O’Farrell brings extensive leadership and industry experience building high performance sales organizations. Most recently, Mr. O’Farrell led Cabela’s Commercial Division, a division focused on solutionsfor enterprise and SMB businesses, to three consecutive years of growth. Mr. O’Farrell also held the position of VP of Sales at OfficeMax where he led a $2.5 billion, 400 salesperson, enterprise solution segment of the business to four consecutive years of growth.
“Deploying capital from the recent C$5.2 million loan facilities into building our sales organization is a high priority,” said Tim Harvie, CEO of TrackX. “Scott has run sales for larger enterprise companies who view asset tracking as being strategic and brings with him a vast network of relationships with C-level contacts in many of our target markets. On behalf of TrackX and our Board of Directors, we welcome Scott to the Company.”
“I am thrilled to be joining TrackX at such an opportune time. With the world of IOT and digital transformation continuing to evolve, the demand for Asset Tracking as an enterprise initiative will also grow,” said Scott O’Farrell, Vice President of Sales. “TrackX is poised to capture much of this market opportunity, and I am pleased to have the opportunity to be a part of the TrackX team.”
TrackX, Inc. (TSX VENTURE: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.
Sean Peasgood, Sophic Capital
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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.