CENTENNIAL, Colo., March 02, 2018 (GLOBE NEWSWIRE) -- Michael Kelly, CEO of IoT Broadband, LLC, and former executive at DISH Network and Blockbuster, announced his resignation from the board of directors for Spindle (OTC:SPDL), an e-marketing solutions company. Kelly is the largest shareholder and holder of senior debt for Spindle.
Kelly outlined his resignation in an SEC filing and in a letter on Jan. 26, 2018, which identified the following management concerns:
“I hope the company can work to correct these problems as soon as possible to provide value to Spindle’s shareholders,” said Kelly.
About IoT Broadband, LLC
IoT Broadband, LLC, is a Denver-based technology and internet-of-things investment company, founded by former DISH Network Executive Vice President and Blockbuster President Michael Kelly. The company holds investments in commerce and technology solution companies including AlphaBay, LLC, (www.alphabay.com), a SaaS, Cloud and enterprise point-of-sale technology; Spindle, Inc. (OTCQB:SPDL) (www.spindle.com), a merchant and retail unified commerce solutions provider; Unreel.me, an enabler of video streaming services for network and content providers, and Yowza!! (www.yowzarewards.com) which offers eCoupons and merchant loyalty rewards programs.
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