Carbeeza Inc. Welcomes Ibrahim Gedeon to the Board of Directors

CALGARY, Alberta, June 14, 2022 (GLOBE NEWSWIRE) — Carbeeza Inc. (formerly HIT Technologies Inc.) (“Carbeeza” or the “Company“)(TSX.V:AUTO) is pleased to announce that Dr. Ibrahim Gedeon has been appointed to its board of directors (the “Board“).

Dr. Ibrahim Gedeon has built a career in telecommunications by combining insight and skill as an applied scientist with a collaborative approach to leadership. As Chief Technology Officer for TELUS, a world leading communications technology company in Canada, he is responsible for innovation, technology development and strategy. Under Ibrahim’s leadership, the TELUS broadband network has been independently awarded as one of the best in the world. He is deeply passionate about advancing social capitalism and purpose, as well as diversity & inclusion. At TELUS, he acts as executive sponsor for a variety of Women in STEM (science, technology, engineering and mathematics) events across the organization.

Ibrahim sits on the board for the Digital Identification and Authentication Council of Canada and also served on the boards of the Next Generation Mobile Networks Alliance, the Alliance for Telecommunications Industry Solutions and the Institute for Communication Technology Management. In addition to his industry leadership roles, Ibrahim is a Fellow of both the IEEE (Institute of Electrical and Electronics Engineers) and the Canadian Academy of Engineering, with recognition for significant contributions to the field of engineering. Ibrahim was recently named as one of Canada’s Best Executives by the Globe & Mail’s Report on Business Magazine (May 2022).

Ibrahim holds a Bachelor’s degree in Electrical Engineering from the American University of Beirut, a Master’s in Electronics Engineering from Carleton University and an Honorary Doctor of Laws degree from the University of British Columbia. He is passionate about supporting high-performing teams to innovate and move technology forward.

The Company would like to extend a warm welcome to Dr. Gedeon to the Board.

Carbeeza Inc.
Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of artificial intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers.

ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA INC.

Sandro Torrieri, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Certain information set forth in this news release contains forward-looking statements or information (“forward-looking statements”). By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company’s control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources. Although the Company believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Company does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

For further information please contact:

Sandro Torrieri, Chief Executive Officer
Email: Investorrelations@carbeeza.com
Telephone: 1-855-216-8802
Website: carbeeza.com