Company has Engaged an Outside Firm to Support Financial Reporting and Related CFO Activities During Its Recruitment Effort
BOULDER, CO, Nov. 04, 2022 (GLOBE NEWSWIRE) — through NewMediaWire – Auddia Inc. (NASDAQ:AUUD) (NASDAQ:AUUDW) (“Auddia” or the “Company”), developer of a proprietary AI platform for audio and modern applied sciences for podcasts that’s reinventing how customers have interaction with radio, at the moment introduced the departure of its Chief Financial Officer (“CFO”), Brian Hoff. Mr. Hoff is leaving the Company to hitch a personal fairness backed manufacturing firm, as CFO.
Auddia’s Board of Directors has accredited an out of doors agency to assist monetary reporting and function fractional CFO efficient upon Mr. Hoff’s departure. The Company has additionally launched a proper search course of to determine a brand new CFO.
“We would like to thank Brian for his many contributions over the past year and a half and for his continued support during our transition to a new CFO,” stated Jeff Thramann, govt chairman of Auddia, Inc. “Brian has agreed to continue serving Auddia as a consultant until our new CFO is in position which will smooth the transition and ensure there is no disruption. We are grateful for his continued support and wish him well in his new position.”
“I would like to thank the Auddia board and management team for the opportunity to advance my career by serving as CFO. The experience was invaluable and I remain available to help ensure a smooth transition,” stated Brian Hoff.
The Company affirms that it’ll submit all Q3 SEC filings in a well timed method, and anticipates no disruption in future filings or monetary operations.
About Auddia Inc.
Auddia is reinventing how customers have interaction with audio via the event of a proprietary AI platform for audio and modern applied sciences for podcasts. Auddia provides two trade firsts-the skill to take heed to any AM/FM radio station with added personalised content material and no commercials, in addition to podcasts with an interactive digital feed that helps deeper tales and delivers digital income to podcasters. Both choices deal with giant and quickly rising audiences with sturdy buy intent. For extra data, go to: www.auddia.com.
Forward-Looking Statements
This press launch accommodates forward-looking statements throughout the that means of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 in regards to the Company’s present expectations about future outcomes, efficiency, prospects and alternatives. Statements that aren’t historic details, equivalent to “anticipates,” “believes” and “expects” or related expressions, are forward-looking statements. These forward-looking statements are primarily based on the present plans and expectations of administration and are topic to a quantity of uncertainties and dangers that might considerably have an effect on the Company’s present plans and expectations, in addition to future outcomes of operations and monetary situation. These and different dangers and uncertainties are mentioned extra totally in our filings with the Securities and Exchange Commission. Readers are inspired to assessment the part titled “Risk Factors” within the Company’s Annual Report on Form 10-Okay for the 12 months ended December 31, 2021, in addition to different disclosures contained within the Annual Report and subsequent filings made with the Securities and Exchange Commission. Forward-looking statements contained on this announcement are made as of this date and the Company undertakes no obligation to publicly replace or revise any forward-looking statements, whether or not in consequence of new data, future occasions or in any other case.
Investor Relations:
Kirin Smith, President
PCG Advisory, Inc.
[email protected]
(646) 823-8656
www.pcgadvisory.com
