Dr. Slim Feriani Appointed Chief Financial Officer and to Board of Directors
Martin Scholz Appointed Executive Vice President and to Board of Directors
MONTREAL, March 29, 2016 (GLOBE NEWSWIRE) -- ROI Land Investments, Ltd. (OTCQB: ROII) ("ROI" or the "Company") announced today that it has made the following adjustments to its senior management team:
- Dr. Slim Feriani, previously Chief Investment Officer at ROI, has been named Executive Vice President - Finance and Investments, Chief Financial Officer and a member of the Company's Board of Directors. Dr. Sami Chaouch, will step down as CFO but remain Chairman of the Board of Directors.
- Mr. Martin Scholz, previously Chief Sales Officer, has been named Executive Vice President and a member of the Company's Board of Directors.
Dr. Feriani stated, "I'm delighted to take on the CFO role at ROI. Since joining the Company earlier this year, I have been impressed by the team's expertise and vision. I look forward to working closely with ROI's board and various stakeholders to help establish the Company as a fast growing and successful real estate player in the niche segment of raw land development."
Dr. Feriani has served as Chief Investment Officer of ROI since January 2016. He also serves as non-executive Chairman of London-based Gulf Central Agency Asset Management. Prior to joining ROI, he was Managing Partner and CEO of MENA Capital and Executive Chairman, CEO and Chief Investment Officer of Advance Emerging Capital (later renamed Aberdeen Emerging Capital ("AEC") from 2005 - 2014. In this position, he managed emerging markets funds and the pioneering frontier markets fund that he launched in 2007. Dr. Feriani received an MBA and a Ph.D. in Finance & Investments at The George Washington University in Washington D.C., where he taught Finance and International Finance for seven years and currently serves on the advisory board of its business school. He is fluent in English, French and Arabic.
Mr. Scholz stated, "It is with pleasure that I accept the election to ROI Land Investment's Board of Directors. ROI is a fascinating company, operating in a niche segment of real estate: raw land acquisition and development. I am delighted to get even more involved in the business and am looking forward to continuing to share my knowledge and expertise of real estate to drive ROI's progress."
Mr. Scholz has served as Chief Sales Officer of ROI since October 2015. Prior to joining ROI, Mr. Scholz was a qualified financial consultant at Deutsche Bank for 20 years and a regional director for the independent sales force. While at Deutsche Bank, Mr. Scholz managed a team of financial advisors where he was responsible for providing a range of financial and real estate planning services to individuals and families. Mr. Scholz was also responsible for the acquisition of new private and business clients, organizational planning, strategic management and advising entrepreneurs on how to successfully develop their business. He is fluent in English and German.
Mr. Philippe Germain, President of ROI Land Investments, commented, "I would like to welcome Dr. Feriani and Mr. Scholz to the Board of Directors and congratulate them on their new roles. These new appointments are a result of our commitment to building value for our shareholders and add more depth to ROI's senior management. Slim and Martin will help to develop strategies for funding, identify new investment opportunities and advise on corporate governance matters."
Mr. Germain continued, "We believe that Slim's appointment as CFO, alongside his appointment to the Board of Directors, will be a great asset to ROI as we expand and develop our operations. Slim has valuable long experience investing across multiple asset classes and regions. His technical expertise and connections will be invaluable as we expand our land development projects, particularly those in the Middle East."
Mr. Germain concluded, "We are also confident that adding Martin to our Board of Directors will serve to benefit our shareholders. Martin's background in real estate has already proved to be extremely beneficial for the Company. He has demonstrated his aptitude in evaluating land acquisition opportunities and advising on corporate financing."
About ROI Land Investments Ltd.
ROI Land Investments (OTCQB: ROII) participates in the early stages of real estate development. The Company acquires raw land free of zoning restrictions located in geographies positioned to benefit from unique economic catalysts. ROI also manages the permitting process, oversees the construction of infrastructure and works closely with established developers to bring the projects to completion. The Company has projects underway throughout North America and the UAE.
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information within the meaning of Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act), including all statements that are not statement of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things: (i) the company's financing plans; (ii) trends affecting the company's financial conditions or results of operations; (iii): the company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends.
The words "may", "would", "will", "expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intend to identify forward-looking statements. Investors are cautioned that any such forward-looking statement are not a guarantee of future of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors including the risk disclosed in the company's statements and reports filed with the OTC Markets. The Company claims the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-looking statements.
Contacts:
KCSA Strategic Communications
Elizabeth Barker / Abbie Sheridan
212-896-1203 / 212-896-12007
roi@kcsa.com
HUG#1998028