MONTREAL, Aug. 8, 2016 (GLOBE NEWSWIRE) -- ROI Land Investments Ltd. (OTCQB: ROII) ("ROI" or the "Company") announced today that it has made the following changes to its senior management team:
- Effective today, Mohsen Maaouia has been appointed interim Chief Financial Officer in replacement of Slim Feriani, who has resigned. Mohsen has been a financial advisor for ROI since February 2016.
Mohsen Maaouia, is a Certified Public Accountant (France), and has years of international experience working for major companies within different fields such as finance, acquisition audits, consolidation of accounts and large-scale distribution.
A French National, Mohsen Maaouia pursued his entire studies in France. He spent 13 years working within several different audit and accounting firms, notably as a Manager at the Deloitte firm (Neuilly sur Seine) where he handled client files such as Financière Saint Dominique (capital company affiliate of Crédit National), Holiday Inn, Hermès, Prisunic etc. Internationally, he has advised a large MENA group in planning subsidiaries for the agri-food sector, hotel industry, trading and services (Caterpillar, John Deere etc.). Mr. Maaouia has been pursuing his career as an independent accountant for over 20 years, specializing in various: sectors as in textile, industry, and mining.
ROI's Chief Executive Officer Dr. Sami Chaouch expressed, "The Company is pleased to appoint Mr. Maaouia as interim CFO. He brings with him a wealth of experience and knowledge as a senior accountant and financial expert. I look forward to working closely with him."
Interim CFO Mr. Mohsen Maaouia expressed, "I have a deep affection for this Company and I am pleased to expand my role with the Company moving forward. I will work closely with the Company's auditors and ensure accurate public filings."
About ROI Land Investments Ltd.
ROI Land Investments participates in the early stages of real estate development. The Company acquires raw land free of zoning restrictions located in geographies positioned to benefit from unique economic catalysts. ROI also manages the permitting process, oversees the construction of infrastructure and works closely with established developers to bring the projects to completion. The Company has projects underway throughout North America and the UAE.
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information, including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets.
Contacts:
Swann Xerri
sxerri@roilandinvestments.com
Claudia Nelke
cnelke@roilandinvestments.com
+1 514 416 4764
HUG#2033773