Voxtur Appoints Ryan Marshall as New CEO

TORONTO and TAMPA, Fla., Aug. 14, 2024 (GLOBE NEWSWIRE) -- (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company”), a technology company creating a more transparent and accessible real estate lending ecosystem, announces that Ryan Marshall will assume the role of Chief Executive Officer, effective immediately. The leadership change represents a strategic pivot as Voxtur embarks on a new chapter focusing on innovation, growth and enhanced shareholder value.

Marshall formerly served as Voxtur’s Chief Operating Officer and Chief Product Officer, and prior to that, he was CEO of Benutech, a real estate data and technology provider that was acquired by Voxtur in 2021. Throughout his tenured career, Marshall has garnered a wealth of experience within the U.S. mortgage industry and demonstrated exceptional leadership. As CEO of Voxtur, he brings to the table a deep understanding of the Company’s operations, market dynamics, and growth potential, as well as a firm commitment to driving the Company’s strategic vision forward.

"I am honored to take on the role of CEO at Voxtur," said Marshall. "With the overwhelming support of our shareholders, employees, and clients, we are poised to build on our successes and address the challenges from the past. My focus will be on fostering regular communication, transparency, and accountability as we work together to realize Voxtur’s full potential."

Under Marshall’s guidance, the Company will leverage one of its many competitive advantages by realizing the potential synergies and distribution points across all its businesses. This vision, known as "OneVoxtur," focuses on uniting business units, relationships, and experiences.

More specifically, a OneVoxtur vision will include the following principles:

• Corporate Governance: Ensuring transparency, accountability, and integrity that includes robust risk management policies;
• Financial Acumen: Managing financial health and compliance which requires optimizing processes for efficiency;
• Stakeholder Management: Balancing interests of shareholders, employees, and clients with clear and effective communication;
• Innovation and Adaptability: Fostering a culture of innovation;
• Talent Development: Attracting and developing top talent with clear performance metrics; and
• Corporate Social Responsibility: Integrating social and environmental considerations into the Company’s strategy.

In addition to these principles, Marshall has outlined a commitment to enhancing Voxtur's financial reporting model, ensuring informed and educated decisions based on product performance, profit margins, and collaborative benefits. New developments will undergo rigorous executive reviews to ensure their financial and strategic viability.

"We are excited about the future of Voxtur under Ryan Marshall's leadership. He has strong client relationships and valuable experience in mortgage technology," said Gary Yeoman, Voxtur’s Chairman and outgoing CEO. "I have collaborated with Ryan for the last two and a half years and know first-hand that his experience in product development, platform development and profit-driven data business models will allow Voxtur to flourish. This, paired with his strategic vision, dedication, and commitment to our core values will no doubt drive Voxtur's success and growth." Yeoman will continue to focus on capital markets, banking, and shareholder relationships, while contributing to the strategy and vision with Marshall and his management team.

About Voxtur

Voxtur is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. The Company offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout the lending lifecycle for investors, lenders, government agencies and servicers. Voxtur's proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The Company serves the property lending and property tax sectors, both public and private, in the United States and Canada. For more information, visit

Forward-Looking Information

This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking information”) which reflect the expectations of management regarding the Company’s strategic initiatives, plans, business prospects, and opportunities. Forward-looking statements should not be read as guarantees of future events, performance or results, and give rise to the possibility that management’s predictions, forecasts, projections, expectations, or conclusions will not prove to be accurate, that the assumptions may not be correct and that the Company’s future growth, financial performance and objectives and the Company’s strategic initiatives, plans, business prospects and opportunities, including the duration, impact of and recovery from the COVID-19 pandemic, will not occur or be achieved. Any information contained herein that is not based on historical facts may be deemed to constitute forward-looking information within the meaning of Canadian and United States securities laws. Forward-looking information may be based on expectations, estimates and projections as at the date of this news release, and may be identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions. Forward-looking information may include but is not limited to: the effects of unexpected costs, liabilities or delays; success of software activities; the competition for skilled personnel; expectations for other economic, business, environmental, regulatory and/or competitive factors related to the Company, or the real estate industry generally; anticipated future production costs; and other events or conditions that may occur in the future. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the information is provided. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance, or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information include but are not limited to: implementation of new products; changing global financial conditions, especially in light of the COVID-19 global pandemic; reliance on specific key employees and customers to maintain business operations; competition within the Company’s industry; a risk in technological failure, failure to implement technological upgrades, or failure to implement new technological products in accordance with expected timelines; changing market conditions; failure of governing agencies and regulatory bodies to approve the use of products and services developed by the Company; the Company’s dependence on maintaining intellectual property and protecting newly developed intellectual property; operating losses and negative cash flows; and currency fluctuations. Accordingly, readers should not place undue reliance on forward-looking information contained herein.

This forward-looking information is provided as of the date of this news release and, accordingly, is subject to change after such date. The Company does not assume any obligation to update or revise this information to reflect new events or circumstances except as required in accordance with applicable laws.

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Voxtur’s common shares are traded on the TSXV under the symbol VXTR and in the US on the OTCQB under the symbol VXTRF.

Contact:

Jordan Ross

Chief Operating Officer

Tel: (416) 708-9764

For media inquiries:

Jacob Gaffney

Tel: (817) 471-7627