Vancouver, British Columbia - LQWD Technologies Corp. (TSXV: LQWD) is excited to announce the immediate appointment of David Loretto as an independent director of the Company.
Mr. Loretto brings a wealth of experience as an entrepreneur and founder of both private and public companies, holding a Bachelor of Science (Honours) from Queen's University. With over 10 years of public company experience in management and board-level roles across various sectors, he possesses expertise in public company governance and capital markets. Notably, he co-founded Kingfisher Metals Corp. in 2018, where he has led capital raises, transactional executions, and strategic growth initiatives for listed companies.
Shone Anstey, CEO of LQWD, remarked, "We are pleased to welcome Mr. Loretto to our Board of Directors. His experience in capital markets, governance, and building public companies will be invaluable as we continue executing our strategy and scaling the Company's growth."
LQWD Technologies Corp. is a Canadian-domiciled reporting public company with offices in Vancouver, Canada, and Lugano, Switzerland. The Company has approximately 31.9 million shares outstanding and 42.7 million shares fully diluted, maintaining a robust balance sheet with no outstanding debt, convertible bonds, or debentures.
The Company's shares trade in Canada on the TSX Venture Exchange under the symbol LQWD, and on the OTCQX Market in the United States under the symbol LQWDF.
LQWD is committed to advancing Bitcoin adoption through the Lightning Network, a second-layer solution that enables instant, low-cost transactions on a global scale. As one of the pioneering companies dedicated to building, launching, and expanding core Lightning Network infrastructure, LQWD operates a network of enterprise-grade nodes and network liquidity, which earn transaction fees.
With a strategic Bitcoin holding and infrastructure positioned for virtually unlimited scalability, LQWD provides investors with unique exposure to both the potential long-term appreciation of Bitcoin and the emergence of Lightning-based payment technology.
For more information, please visit LQWD's corporate presentation and connect with the Company's Lightning Network nodes in real time.
For further information, contact Ashley Garnot, President/Director at 1.604.669.0912 or via email at ashley@lqwdtech.com. Visit our website at www.lqwdtech.com and follow us on X: @LQWDTech.
This release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and industry outlook. Although the Company believes that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them, as actual results may differ materially. The statements in this press release are made as of the date of this release, and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.