TrackX Appoints John Katzenberg as Chief Financial Officer

DENVER, July 10, 2019 (GLOBE NEWSWIRE) -- TrackX Holdings Inc. (TSX.V:TKX | OTC: TKXHF | FSE :3TH) ("TrackX" or the "Company), a SaaS-based enterprise asset management solution provider, is pleased to announce that John Katzenberg has joined the TrackX team as Chief Financial Officer. Mr. Katzenberg is a Harvard Business School graduate with extensive experience in M&A, capital markets, balance sheet optimization, private equity, and investment banking.

Most recently, John was the Chief Financial Officer of Johnson Storage & Moving Company, one of the largest agencies in the UNIGROUP network, where he led a team of 20 people and oversaw all finance, treasury, accounting, payroll, human resource and information technology functions. Specifically, he was responsible for identifying and implementing profit enhancement opportunities through cost rationalization, margin expansion and topline growth. Prior to joining Johnson, he led all accounting and finance activities for Corporex Colorado, a commercial real estate developer, and consulted with and invested in small companies, where he worked with management on finance, capital structure, and strategic issues. Previously, John was a Managing Director and one of the founding members of the private equity coverage group in the investment bank at Citigroup. For 16 years, he advised private equity sponsors and their portfolio companies on capital formation, mergers & acquisitions, and strategic growth initiatives.

"John's financial background, vast experience in capital markets, operational experience and thought leadership are an ideal fit to help usher TrackX through the Company's next phase of growth," said Tim Harvie, TrackX CEO. "We are extremely excited to welcome John Katzenberg to the TrackX team."

"I am very excited to be a part of the TrackX team and look forward to building upon the Company's compelling momentum and success. I believe that my strategic and operational focus as well as prior experience will help the Company accelerate its growth and further solidify its position as a leader in Enterprise Asset Management," added Mr. Katzenberg, TrackX CFO. "I would like to thank Tim and the TrackX Board of Directors for this opportunity."

TrackX would like to thank Gene McConnell for his tenure as our CFO and wish him well in his future endeavors.

About TrackX

TrackX Holdings, Inc., based in Denver, Colorado, is an enterprise asset management company deploying SaaS-based solutions leveraging multiple auto-ID and sensor technologies for the comprehensive tracking and management of physical assets. TrackX's Global Asset Management for Enterprises (GAME) platform enables the Industrial Internet of Things (IIoT) by providing unique item level tracking, workflow processing, event management, alerting and powerful analytics to deliver solutions across a growing number of industries. TrackX delivers significant value to a growing list of Fortune 500 companies and for customers in industries such as transportation, beverage, brewery, healthcare, hi-tech, hospitality, mining, agriculture, horticulture, manufacturing and government.

For more information, please contact:

Chris Brumett, TrackX Holdings Inc.
[email protected]
303-325-7300

Sean Peasgood, Sophic Capital
[email protected]
647-361-8358

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

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. All statements that address future plans, activities, events or developments that the Company believes, expects or anticipates will or may occur including the Company's anticipated pipeline and value of current and customer deployments and future opportunities are the managements best estimates and cannot be guaranteed or relied upon and is forward-looking information. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements in this news release, whether as a result of new information, future events or otherwise, except as required by law.