Advantego Names Tracy Madsen to CFO Post


DENVER, June 07, 2018 (GLOBE NEWSWIRE) -- Advantego Corporation (OTC PINK:ADGO) today announced that Tracy Alan Madsen, 57, is its new Chief Financial Officer, a transition from his previous role as a consultant for approximately two years. 

“Tracy was the obvious choice after interviewing several outside candidates since he played a large role in setting up accounting systems and interfacing with our outside auditors,” CEO Robert W. (Rob) Ferguson said in making the announcement.

He replaces Philip F. Grey, who remains as a consultant to the Company and the head of the soon-to-be-formed Board of Advisors, as previously announced.

Madsen has served as a Chief Financial Officer and other senior executive positions and consultant for both public and private organizations for the past 28 years.  From 1996 to present, he has provided consulting and administrative services through his company, Avcon Services Inc., of Salt Lake City in the software, healthcare, human resources, payroll, and aviation and mining industries. 

Most recently he served as the Managing Administrator and Chief Financial Officer for After Hours Triage, LLC, a pioneering company merging technology and healthcare in the rapidly developing tele-health field.  In this capacity, he was instrumental in the development and validation of a multi-state telephone triage team staffed exclusively with registered nurses working in a distributed environment.

Madsen earned a Bachelor of Arts degree in finance from Boise State University and an MBA from the University of Nevada Las Vegas.

About Advantego Corporation
Advantego Corporation (OTC PINK:ADGO) designs, develops and implements digital communications and intelligent software solutions as a specialized Business Process as a Service (BPaaS). The Company’s products and services are provided through its wholly-owned operating subsidiary, Advantego Technologies Inc., which leverages its proprietary “Intelligent Solution Platform.” This platform combines existing data and systems and integrates “best in class”, third-party technologies to provide a comprehensive, managed solution that significantly enhances internal operations and marketing efficiency. These elite, custom business solutions are available to large enterprises, affiliate networks and franchise operators as all-inclusive, managed bundled services. The Company also offers a variety of stand-alone products specific to targeted industries. Website: www.advantego.com.

Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of the Securities Act.  As a general matter, forward-looking statements may reflect our current expectations and projections relating to our financial condition, results of operations, plans, objectives, future performance and business.

These statements may be identified using forward-looking terminology such as "may", "will", "expects", "plans", "estimates", "anticipates", "projects", "intends", "believes", "outlook" and similar expressions.  The forward-looking statements contained in this news release are based upon our historical performance, current plans, estimates, expectations and other factors we believe are appropriate under the circumstances.  The inclusion of this forward-looking information is inherently subject to risks and uncertainties, many of which cannot be predicted with accuracy and some of which might not even be anticipated.  Future events and actual results, financial and otherwise, may differ materially from the results discussed in the forward-looking statements.  Statements regarding the following subjects, among others, may be forward-looking: our business and investment strategy; our projected operating results; estimates relating to our ability to make distributions to our stockholders in the future and economic trends.

CONTACT:
GREG McANDREWS & ASSOCIATES
Gregory A. McAndrews
(310) 804-7037
mcandrews_pr@hotmail.com