AAPKI VENTURES INC. CORPORATE UPDATE

AAPKI Ventures Inc.
AAPKI Ventures Inc.

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Surrey, British Columbia, May 07, 2024 (GLOBE NEWSWIRE) -- Aapki Ventures Inc. ("AAPKI" or the "Company") (CSE: APKI) (FFT: 64Q), announces that Parmjeet Johal has resigned from the Board of the Company, effective immediately, due to personal reasons. As replacements for Mr. Johal, the Company is pleased to announce that Mr. Marcus D. Withers and Mr. John Flynn will join the Company as independent directors.

BACKGROUND ON NEW DIRECTORS

Mr. Withers has extensive experience in business management, having served as CEO of The Property Group LLC and MKM Investment Group LLC since 2005. He also owned and operated a notable hospitality business in Louisville and supported music artists through an artist development program. Recently, Mr. Withers worked in the auto dealership business with his family, specializing in sales, operations, financing, and insurance. He is actively involved in his community through his charity, The Withers Academy of Music and Entertainment (WAM), and his university fraternity. Mr. Withers earned a Bachelor's degree in Marketing from the University of Louisville in 2001 and completed his Master's in Business Administration (MBA) from Indiana Wesleyan in 2012.

Mr. Flynn has been an entrepreneur throughout his career, growing four companies as a principal investor to as many as one thousand employees across industries like environmental services, computer services, specialty financial services, and transportation and logistics services. He believes in the growth of American companies with American workers, opposing outsourcing overseas for "pricing efficiencies," which he thinks weaken the domestic economy. As an advisor to the board of directors of Lyneer Staffing, he orchestrated a national expansion and selling strategy that significantly increased the company's revenues and EBITDA. He co-founded Xpress-1, a national logistics firm which he placed on the American Stock Exchange in 2005, which is today an international multi-modal leader in logistics and currently trading on the NY Stock Exchange, with a current value in excess of $20B. Mr. Flynn's wide-ranging experience includes roles as President and Chief Financial Officer of Segmentz (the prior name of XPress-1), Chairman and co-founder of Remote Lojix, and founder of Nanoviricides Inc. He has also made significant investments in various sectors, including films, military technology, and financial services, and held senior management positions in several public and private companies. He has served as a consultant for various firms and has been involved in providing merger, financing, and strategic consulting to small to mid-sized companies across various industries.