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BRIEF-Interbit Provides Corporate Update And Announces Management Departures

Published 2019-10-01, 11:43 a/m
Updated 2019-10-01, 11:50 a/m
BRIEF-Interbit Provides Corporate Update And Announces Management Departures

Oct 1 (Reuters) - Interbit Ltd IBIT.V :

* INTERBIT™ PROVIDES CORPORATE UPDATE AND ANNOUNCES MANAGEMENT DEPARTURES

* INTERBIT LTD - NARROWING CANDIDATES TO PERFORM A THIRD PARTY REVIEW AND AUDIT OF INTERBIT PLATFORM CODE AND DESIGN

* INTERBIT LTD - HALTED ALL MATERIAL DEVELOPMENT ACTIVITY BY ITS THIRD PARTY DEVELOPERS AND ENGINEERS BASED IN EASTERN EUROPE.

* INTERBIT LTD - ACCEPTED RESIGNATION OF SCOTT MAXWELL, CHIEF OPERATING OFFICER OF COMPANY

* INTERBIT LTD - TERMINATED RELATIONSHIP WITH TOM THOMPSON, CHIEF TECHNOLOGY OFFICER OF COMPANY, EFFECTIVE IMMEDIATELY

* INTERBIT LTD - ACCEPTED RESIGNATION OF SCOTT MAXWELL, CHIEF OPERATING OFFICER OF COMPANY

* INTERBIT LTD - WILL NOT BE INITIATING A SEARCH FOR A REPLACEMENT CTO OR COO UNTIL GO-FORWARD TECHNICAL NEEDS AND REQUIREMENTS ARE CLEAR

* INTERBIT LTD - ACCEPTED RESIGNATION OF SCOTT MAXWELL, CHIEF OPERATING OFFICER OF COMPANY

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