Distinct Infrastructure Group Appoints New Chief Financial O

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|Dec 19|magazine14 min read

TSXV: DUG

TORONTO, Jan. 10, 2019 /CNW/ - Distinct Infrastructure Group Inc. ("Distinct" or the "Company") is pleased to announce the appointment of Mr. John Nashmi, CPA, CA as Chief Financial Officer of the Company. Mr. William Nurnberger, who has been serving as Interim Chief Financial Officer since December 2017, will be stepping down from his interim position on January 14, 2019 when Mr. Nashmi officially commences his role as Chief Financial Officer.

Distinct Infrastructure Group Inc (CNW Group/Distinct Infrastructure Group Inc.)

Mr. Nashmi has over 25 years of experience in finance and has held a number of executive financial positions in the telecommunications, technology, manufacturing and financial sectors. In addition, Mr. Nashmi brings strong experience in public company reporting, in both Canada and the United States. Throughout his career, Mr. Nashmi has been involved in several large transactions and is experienced in process driven organizations operating across North America and internationally. He is a Chartered Professional Accountant (CPA, CA) and received his Bachelor of Business Administration from the Schulich School of Business.

As Chief Financial Officer at Distinct, Mr. Nashmi will be responsible for ensuring that the Company's finance department will provide Distinct with the necessary support in its ongoing objective to maximize operational efficiencies while capitalizing on the increasing demand for its services. His vast experience with companies operating internationally has provided him with the skills necessary to lead and manage the Company's finance teams, to implement effective and efficient corporate and tax structures and to provide the information and communication to senior management and the Board of Directors to ensure the continued success of the Company.

"We are excited to welcome John to the Distinct team. He will be an invaluable addition to our senior management team. John brings a strong background to our finance team from his experience at other organizations where he was instrumental in providing the financial strategy and leadership to help those companies achieve their corporate and financial goals," said Mr. Joe Lanni, Co-Chief Executive Officer of Distinct. "John's extensive knowledge and experience with public company reporting and with international companies will allow our Company to be well positioned to meet its corporate objective of becoming an industry leader."

"On behalf of our entire team and the Board of Directors, I would like to thank William Nurnberger for his dedication and service to Distinct during his tenure as Interim Chief Financial Officer," stated Alex Agius, Co-Chief Executive Officer of Distinct. "William filled the void left with the departure of our previous CFO and has done an excellent job in leading the finance team. With the appointment of John, William will now resume his role as Vice President, Corporate Development."

About Distinct Infrastructure Group:

Distinct Infrastructure Group Inc. is a 100% Canadian-owned and operated firm providing design, engineering, construction and maintenance services to telecommunication firms, utilities and governments. Our service offerings include the design, engineering and delivery of underground and aerial construction, as well as inventory management and technical services.

Our mission is to be responsive to the current and future needs of our clients by delivering safe, turnkey solutions that positively impact the communities in which we live and work. We work wherever our clients need us, from our bases in Toronto and Winnipeg.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "anticipated", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Distinct is subject to significant risks and uncertainties which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward looking statements contained in this release. Distinct cannot assure investors that actual results will be consistent with these forward looking statements and Distinct assumes no obligation to update or revise the forward looking statements contained in this release to reflect actual events or new circumstances.

SOURCE Distinct Infrastructure Group Inc.