Oramericas Corporation announces corporate update

Oramericas Corporation announces corporate update

VANCOUVER, Jan. 26, 2016 /CNW/ - Oramericas Corporation (NEX-TSXV Exchange: OA.H) (the "Company"), is pleased to announce and confirm the following executive appointments:

Scott White LLB, CEO: Co-Founder and CEO Parlay Games Inc. (1998-Present); Managing Partner, Bush, Frankel White Barristers and Solicitors (1990-2000). Mr. White has incubated numerous private and public enterprises in Canada and the USA where he has served as a director, officer and investor. He has been involved in the online gaming marketplace as a supplier and advisor since 1998 and has served as a guest speaker and panellist for more than a decade. Mr. White has a law degree from the University of Windsor, Ontario, and continues to practice law in the Province of Ontario.

Simon "Tim" Brack, President: A graduate from York College of Arts & Technology (England), Mr. Brack has close to 40 years experience in the music business and his vast experience ranges from promoting shows, managing artists, founding and managing marketing companies to running an independent record label. Mr. Brack was the co-founder and president of Continuum Records where he personally signed two members of THE ROLLING STONES, Charlie Watts and Ronnie Wood, to the label along with Roger Daltrey of THE WHO and Kid Rock.

Lawrence Gouett, COO: Mr. Gouett has launched and consulted for some of the leading social gaming and soft gaming brands in the egaming marketplace today. He has proven his knowledge of the sector from all aspects of operations management, community development; fan/player acquisition, retention, affiliate management, game creation, technology management, strategic direction and overall revenue generation. Mr. Gouett is recognized throughout the online 'soft gaming' community as one of the leading pioneers.

Sean Hodgins, CA, CPA (Illinois), CFO: Mr. Hodgins has over 19 years experience working in the mining and technology sectors both in Canada and the United States where he has served as the CFO for three TSX venture listed public companies. Mr. Hodgins is the President of Tandem Accounting Group Ltd., which provides contract CFO and controllership services to a wide variety of private and public companies. Mr. Hodgins is a Chartered Accountant and holds a Bachelor of Commerce Degree in Economics from the University of British Columbia.

New Articles and Advance Notice Provisions: At the Company's June 30, 2015 Annual General and Special Meeting, Shareholders approved the adoption of new Business Corporations Act (British Columbia) Articles that include advance notice provisions (the "Advance Notice Provisions") that sets a deadline by which holders of record of common shares in the share capital of the Company must submit director nominations to the Company prior to any annual general meeting or special meeting of shareholders, sets forth the information that a shareholder must include in the notice to the Company, and establishes the form in which the shareholder must submit the notice for that notice to be in proper written form.

In the case of an annual general meeting of shareholders, notice to the Company must be made not less than 30 days and not more than 65 days prior to the date of the annual meeting of shareholders; provided, however, that in the event that the annual general meeting is to be held on a date that is less than 40 days after the date on which the first public announcement of the date of the annual general meeting was made, notice may be made not later than the close of business on the 10(th) day following such public announcement. In the case of a special meeting of shareholders called for the purposes of electing directors (which is not also an annual meeting), notice to the Company must be made not later than the close of business on the 15th day following the date on which the first public announcement of the date of the special meeting was made.

The full text of the Advance Notice Provisions to the Company's new Articles is available under the Company's profile on SEDAR at www.sedar.com.

The Company intends to continue its restructuring efforts and will provide additional updates to shareholders as they become available.

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 document may contain statements about expected future events and/or financial and operating results of the Company that are forward-looking. By their nature, forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions and other forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements.

SOURCE Oramericas Corporation

Oramericas Corporation

CONTACT: Laura Malone, Director of Communications, +1 (416) 578-4164; Scott White, CEO, +1 (416) 704-6611


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