- Experienced property tech executive Angelo Bartolini joins
as Tribe's new Chief Financial Officer
VANCOUVER, BC, Oct. 10,
2023 /CNW/ - Tribe Property Technologies Inc. (TSXV:
TRBE) (OTCQB US: TRPTF) ("Tribe" or the "Company"), a
leading provider of technology-enabled property management
solutions, is pleased to announce the appointment of Angelo Bartolini as Chief Financial Officer
(CFO), effective immediately. Reporting directly to Joseph Nakhla, CEO of Tribe, Mr. Bartolini will
have responsibility for all finance, accounting, financial
reporting, audit, tax and capital planning functions. He will
assume the Chief Financial Officer role from Jim Defer, who is
pursuing other opportunities. "I am proud with the progress Tribe
has made over the last three years, and I look forward to watching
Tribe's continued success," said Mr. Defer.
Mr. Bartolini is an accomplished executive leader with over 12
years of experience in a public company setting where recently he
led as the CFO of Altus Group. During his tenure at Altus
Group, Mr. Bartolini helped drive transformative growth and
significant shareholder value. In his role, he was accountable for
quarterly financial reporting and the overall financial management
of the company which included capital management, equity and debt
financing, performance management including budgeting and
forecasting, financial risk management and internal controls,
M&A execution, and integration. Mr. Bartolini also has
extensive experience from his senior financial roles with the
Canadian division of The Home Depot as well as with Canadian Tire
Corporation.
Previously, Mr. Bartolini also served as the Chair of the Board
of Directors of GeoVerra, a geomatics firm providing land
surveying, forestry, environmental, and geospatial solutions, where
he established Board governance structure and implementation of
corporate policies. He holds an Honors degree in Business
Administration from Western University
and is a member of the Chartered Professional Accountants (CPA) of
Ontario.
"I want to acknowledge Jim's exceptional contribution during his
tenure at Tribe. The depth of his expertise, unwavering commitment
to excellence, and steadfast leadership has been paramount to our
success," said Joseph Nakhla, Tribe
CEO. "Jim has helped us set the foundation for a successful future
and for that we are forever grateful. We wish him the very best in
his future endeavors.
We are thrilled to welcome Angelo to Tribe's executive team as
the new CFO. Angelo has an exceptional track record and his
experience in the Property Technology space makes him a perfect
addition to our team," said Mr Nakhla. "His domain expertise in the
property technology sector will greatly enhance our Company."
Mr. Bartolini commented, "I am very excited to be joining Joseph
and the Tribe management team. I was drawn by Tribe's unique
and innovative approach to the property management industry and its
addressable market size and see this as a great opportunity to help
launch Tribe to the next level."
In connection with the appointment of Mr. Bartolini as CFO of
the Company, and pursuant to the Company's stock option plan, the
Company granted Mr. Bartolini 500,000 stock options (each, an
"Option") exercisable to acquire common shares of the
Company at an exercise price of C$1.00 per Option. The Options will be
exercisable up until January 31,
2031, with 100,000 Options vesting on April 10, 2024 and an additional 80,000 Options
vesting September 1st of
each of the next five ensuing years.
About Tribe Property
Technologies
Tribe is a property technology company that is digitizing the
traditional property management industry. As a rapidly growing
tech-forward property management company, Tribe's integrated
service-technology delivery model serves the needs of a much wider
variety of stakeholders than traditional service providers. Tribe's
three revenue pillars are made up of software and service
(recurring licensing and management fees), transactional (rent or
condo fees, banking services, lease-ups) and digital services and
partnership (smart building products, financial and insurance
service) revenue. Tribe seeks to acquire highly accretive targets
in the fragmented North American property management industry and
transform these businesses through streamlining and digitization of
operations. Tribe's platform decreases customer acquisition costs,
increases retention, and allows for the addition of value-added
products and services through the platform. Visit tribetech.com for
more information.
Tribe Property Technologies Ltd.
"Joseph Nakhla"
Chief Executive Officer
Tribe Property Technologies Inc.
Joseph Nakhla
Chief Executive Officer
1606-1166 Alberni Street
Vancouver, British Columbia V6E
3Z3
Phone: (604) 343-2601
Email: joseph.nakhla@tribetech.com
Cautionary Statement on
Forward-Looking Information
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.
This news release contains forward-looking information within
the meaning of applicable Canadian securities laws regarding the
Company and its business. When or if used in this news
release, the words "anticipate", "believe", "estimate", "expect",
"target, "plan", "forecast", "may", "schedule" and similar words or
expressions identify forward-looking information. Forward-looking
information in this news release may relate to statements with
respect to the aims and goals of the Company; financial
projections; growth plans including future prospective
consolidation in the property management sector; future
acquisitions by the Company; beliefs of the Company with respect to
the independent owner-investors market; prospective benefits of the
Company's platform; and other factors or information. Such
information represent the Company's current views with respect to
future events and are necessarily based upon several assumptions
and estimates that, while considered reasonable by the Company, are
inherently subject to significant business, economic, competitive,
political, and social risks, contingencies, and uncertainties. Many
factors, both known and unknown, could cause results, performance,
or achievements to be materially different from the results,
performance or achievements that are or may be expressed or implied
by such forward-looking information. The Company does not intend,
and do not assume any obligation, to update forward-looking
information to reflect changes in assumptions or changes in
circumstances or any other events affecting such statements and
information other than as required by applicable laws, rules, and
regulations.
SOURCE Tribe Property Technologies Inc.