VANCOUVER, British Columbia, June 24, 2016 (GLOBE NEWSWIRE) -- Tinkerine Studios Ltd. (“Tinkerine” or the “Company”) (TSXV:TTD) (FSE:WB6B) (OTC:TKSTF) is pleased to announce results from the Annual General Meeting (“AGM”) held on June 23, 2016 in Vancouver, British Columbia. In addition to the existing directors, the Company has added Mr. Bob Longo and Mr. Justin Sy to the Board of Directors.
New Additions to the Board of Directors
Mr. Bob Longo
Mr. Longo is current Chief Executive Officer (“CEO”) and President of Knowmatters, Inc., a US-based education firm focused on cognitive learning and artificial intelligence. Mr. Longo has specific expertise in CEO strategic and operational support, sales, marketing, executive general management and strategic planning.
Mr. Longo previously held senior positions with Apple Inc., Carnegie Learning, Studywiz, SchoolOne and NeXT Inc. During his tenure at Apple and NeXT his duties included responsibilities in both the K-12 and Higher Education markets. Mr. Longo worked with Steve Jobs three times. He headed up the K-12 market and later was President of Apple’s PowerSchool Division, leading it to three consecutive years of increased growth in revenue, profit and market share. This included recognition as the Software Information Industry Association’s (SIIA) CODIE winner each year, for Best Software in its category. Mr. Longo was President, CEO and Vice Chairman at Carnegie Learning, a leading adaptive math software developer and publisher. He successfully launched the Carnegie Mellon’s spin-out penetrating 40% of the largest 100 US School Districts in its first 36 months, while tripling revenue each year. At Carnegie Learning he was recognized as an Ernst & Young Software Entrepreneur of the Year and was twice invited to present to the US governors at their Education Technology Summit. At both PowerSchool and Carnegie Learning his teams secured 99% Customer Retention Rates. Mr. Longo was Executive Vice President at Studywiz, and was responsible for the expansion of sales to K-12 schools in North America and for developing strategic relationships with major industry partners including Apple, Google and Microsoft. Mr. Longo was CEO of SchoolOne, an education technology company that developed and marketed web-based, enterprise, information software solutions to the K-12 market, their clients included all of the Catholic Schools in the Silicon Valley.
Mr. Justin Sy, Interim Chief Financial Officer (“CFO”)
Mr. Sy is one of the founders of Tinkerine and has been directly involved in the development of software for the Ditto Pro 3-D printer. Mr. Sy has participated in a number of 3D printing related competitions and is the founder of Puppeteer, a 3D imaging software used to control hand motions via a connected glove. Mr. Sy received a runner-up award for this project in the BCNET Digital Media Challenge. Mr. Sy also holds a B.Sc from Simon Fraser University. Mr. Sy was appointed interim CFO on February 24, 2016.
All Resolutions were passed at the AGM. Results from the AGM include the following items:
| Resolution | For (%) |
| Set number of directors to five (5) | 100 |
| Election of Directors | |
| Mr. Eugene Suhu | 100 |
| Mr. Todd Blatt | 100 |
| Mr. Desmond Liew | 89.83 |
| Mr. Bob Longo | 100 |
| Mr. Justin Sy | 100 |
| Appointment of Auditors | 100 |
| Adoption of Fixed Share Option Plan | 97.38 |
| Approval of Existing Rolling Option Plan | 87.39 |
| Re-Pricing of Options | 84.73 |
The Company has also granted 1,195,000 stock options at an exercise price of $0.075 to certain directors, officers, consultants and employees subject to TSX Venture Exchange Approval. These stock options have an expiry date of June 23, 2021.
The appointments to the Board of Directors are subject to TSX Venture Exchange approval.
ABOUT TINKERINE STUDIOS LTD.
Tinkerine Studios designs and manufactures user-friendly award winning 3D printers and software, with a focus on STEAM based educational content and online training tools. Tinkerine also manufactures its own line of high purity filament for 3D printers.
Tinkerine and Ditto are registered trademarks of Tinkerine Studios Ltd., all rights reserved.
Additional information on the Company can be found on the Tinkerine website at www.tinkerine.com or at www.sedar.com. All sales figures are in Canadian dollars.
Neither the TSX Venture Exchange nor its Regulation 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.