Latest news with #INEO
Malay Mail
29-05-2025
- Business
- Malay Mail
Coenda and INEO Announce Settlement Agreement, Strengthening Partnership for Retail Market Expansion
"Dawn Wattie" Vancouver, British Columbia - Newsfile Corp. - May 29, 2025 - Coenda Investments Holding Corp. ("") and INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) ("") are pleased to announce a settlement agreement, with terms disclosed by INEO, marking a pivotal moment in their strategic collaboration. This agreement solidifies a strategic alliance aimed at deploying INEO's innovative products in retail markets, with BON Intelligence Inc. (""), a subsidiary of Coenda, playing a key role in supporting INEO's management team and go-to market Intelligence will work closely with INEO's leadership team to drive the successful rollout of INEO's cutting-edge technology in retail environments. Coenda and BON Intelligence are strong believers in the transformative potential of INEO's technology, confident that this strategic alliance will create significant new revenue streams for INEO and enhance its market Intelligence and INEO recently joined forces at the Istanbul Retail Fair, where their innovative solutions garnered significant attention from customers. The event showcased the strength of their strategic alliance and the appeal of INEO's technology, drawing interest from key industry players and reinforcing their position as leaders in the retail technology Retail Days ExhibitionTo view an enhanced version of this graphic, please visit:"We are excited about the opportunities this strategic alliance unlocks for INEO," said Kerem Akbas, President at Coenda. "By combining our expertise with INEO's innovative technology, we aim to deliver unparalleled value to the retail sector and drive sustainable growth."Coenda and BON Intelligence extend their gratitude to Mr. Greg Watkin and Mr. Kyle Hall for their cooperation and commitment to establishing a new governance structure on INEO's board. This collaborative approach ensures a strong foundation for future Investments Holding Corp. is a private British Columbia company committed to enhancing shareholder value through strategic investments and by fostering governance transparency and Intelligence Inc., a subsidiary of Coenda Investments Holding Corp. is a private British Columbia company focused on delivering innovative AI-based solutions across a range of industries. The company specializes in advanced data analytics, intelligent media signage, RFID technologies, and comprehensive loss prevention systems. By harnessing the power of artificial intelligence, BON Intelligence Inc. empowers organizations to optimize operations, enhance decision-making, and improve security more information, please contact:Dawn Wattie, SVP Legal778-846-5749 The issuer is solely responsible for the content of this announcement.
Associated Press
29-05-2025
- Business
- Associated Press
Coenda and INEO Announce Settlement Agreement, Strengthening Partnership for Retail Market Expansion
Vancouver, British Columbia--(Newsfile Corp. - May 29, 2025) - Coenda Investments Holding Corp. ('Coenda') and INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) ('INEO') are pleased to announce a settlement agreement, with terms disclosed by INEO, marking a pivotal moment in their strategic collaboration. This agreement solidifies a strategic alliance aimed at deploying INEO's innovative products in retail markets, with BON Intelligence Inc. ('BON Intelligence'), a subsidiary of Coenda, playing a key role in supporting INEO's management team and go-to market strategy. BON Intelligence will work closely with INEO's leadership team to drive the successful rollout of INEO's cutting-edge technology in retail environments. Coenda and BON Intelligence are strong believers in the transformative potential of INEO's technology, confident that this strategic alliance will create significant new revenue streams for INEO and enhance its market presence. BON Intelligence and INEO recently joined forces at the Istanbul Retail Fair, where their innovative solutions garnered significant attention from customers. The event showcased the strength of their strategic alliance and the appeal of INEO's technology, drawing interest from key industry players and reinforcing their position as leaders in the retail technology space. [ This image cannot be displayed. Please visit the source: ] Istanbul Retail Days Exhibition To view an enhanced version of this graphic, please visit: 'We are excited about the opportunities this strategic alliance unlocks for INEO,' said Kerem Akbas, President at Coenda. 'By combining our expertise with INEO's innovative technology, we aim to deliver unparalleled value to the retail sector and drive sustainable growth.' Coenda and BON Intelligence extend their gratitude to Mr. Greg Watkin and Mr. Kyle Hall for their cooperation and commitment to establishing a new governance structure on INEO's board. This collaborative approach ensures a strong foundation for future success. About Coenda Investments Holding Corp.: Coenda Investments Holding Corp. is a private British Columbia company committed to enhancing shareholder value through strategic investments and by fostering governance transparency and accountability. About BON Intelligence Inc.: BON Intelligence Inc., a subsidiary of Coenda Investments Holding Corp. is a private British Columbia company focused on delivering innovative AI-based solutions across a range of industries. The company specializes in advanced data analytics, intelligent media signage, RFID technologies, and comprehensive loss prevention systems. By harnessing the power of artificial intelligence, BON Intelligence Inc. empowers organizations to optimize operations, enhance decision-making, and improve security outcomes. For more information, please contact: Dawn Wattie, SVP Legal 778-846-5749 'Dawn Wattie' COENDA INVESTMENTS HOLDING CORP. Forward-Looking Statements Disclaimer: To view the source version of this press release, please visit
Malay Mail
14-05-2025
- Business
- Malay Mail
Coenda Announces Director Nominees for INEO Tech Corp.
David Arthur Eaton - Merchant Banker William Blake Aaron - Certified Public Accountant; President of Aaron & Tallman Inc. Shiva Dutt Singh - Managing Director at Skynet Andre Kelesoglu - Co-Founder (Sales), G-LOCS "Dawn Wattie" Vancouver, British Columbia - Newsfile Corp. - May 14, 2025 - Coenda Investments Holding Corp. (""), a significant shareholder of INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (""), today announces that on May 13, 2025, it formally delivered nominations of four directors for election to the Board of Directors of INEO at the shareholders' meeting scheduled for August 8, nominees proposed by Coenda bring extensive experience in international finance, corporate governance, accounting, and strategic global business development, and are:These nominees reflect Coenda's strategic intent to strengthen INEO's governance framework, enhance global business opportunities, and improve shareholder value. Coenda expects that, if elected, the nominees will lead a board-level initiative to address corporate governance concerns and drive INEO's global growth successful election of these nominees, Coenda anticipates that INEO's current Chief Executive Officer and President will transition into alternative roles, enabling the newly constituted board to appoint a Chief Executive Officer capable of executing the company's international growth ambitions effectively. Coenda also intends to vote in favor of appointing an inspector to investigate the affairs and management of does not currently intend to publicly solicit proxies or to acquire additional shares before the shareholders' meeting but reserves the right to reconsider these positions in compliance with applicable securities emphasizes its ongoing commitment to enhancing INEO's transparency, accountability, and overall performance for the benefit of all Investment Holdings Corp. is a private British Columbia company committed to enhancing shareholder value through strategic investments and by fostering governance transparency and further information, please contact:Dawn Wattie, SVP Legal778-846-5749 The issuer is solely responsible for the content of this announcement.
Associated Press
14-05-2025
- Business
- Associated Press
Coenda Announces Director Nominees for INEO Tech Corp.
Vancouver, British Columbia--(Newsfile Corp. - May 14, 2025) - Coenda Investments Holding Corp. ('Coenda'), a significant shareholder of INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) ('INEO'), today announces that on May 13, 2025, it formally delivered nominations of four directors for election to the Board of Directors of INEO at the shareholders' meeting scheduled for August 8, 2025. The nominees proposed by Coenda bring extensive experience in international finance, corporate governance, accounting, and strategic global business development, and are: These nominees reflect Coenda's strategic intent to strengthen INEO's governance framework, enhance global business opportunities, and improve shareholder value. Coenda expects that, if elected, the nominees will lead a board-level initiative to address corporate governance concerns and drive INEO's global growth strategy. Upon successful election of these nominees, Coenda anticipates that INEO's current Chief Executive Officer and President will transition into alternative roles, enabling the newly constituted board to appoint a Chief Executive Officer capable of executing the company's international growth ambitions effectively. Coenda also intends to vote in favor of appointing an inspector to investigate the affairs and management of INEO. Coenda does not currently intend to publicly solicit proxies or to acquire additional shares before the shareholders' meeting but reserves the right to reconsider these positions in compliance with applicable securities laws. Coenda emphasizes its ongoing commitment to enhancing INEO's transparency, accountability, and overall performance for the benefit of all shareholders. About Coenda Investment Holdings Corp. Coenda Investment Holdings Corp. is a private British Columbia company committed to enhancing shareholder value through strategic investments and by fostering governance transparency and accountability. For further information, please contact: Dawn Wattie, SVP Legal 778-846-5749 'Dawn Wattie' COENDA INVESTMENT HOLDINGS CORP. Forward-looking Statements Disclaimer To view the source version of this press release, please visit
Malay Mail
06-05-2025
- Business
- Malay Mail
Coenda Clarifies Inaccuracies in Recent INEO Tech Corp. Disclosure
There was a need to strengthen INEO's board by bringing on new members who could play a proactive role in INEO's global growth, oversight of management, and adherence to good governance practices; INEO's management team would need to be strengthened by adding additional depth to grow in global markets; and, INEO would be fully transparent in the use of the proceeds of Coenda's investment. Assurances Regarding Board Changes: Coenda never provided assurances that it would not seek changes to the board. On the contrary, pursuant to an investor's rights agreement approved by the shareholders of INEO, one condition of Coenda's investment was altering INEO's board composition to permit the appointment of Coenda's nominee, Mr. Kerem Akbas. Any representations made to the TSX by INEO were made without Coenda's consent. Strategic Investment: Coenda's investment in INEO was intended to bolster INEO's finances and to strategically strengthen its competitiveness. At all times, Coenda has been actively involved in the governance and affairs of INEO, and it was a condition of Coenda's investment that it would be entitled to at least one board seat. Mr. Akbas, the primary shareholder of Coenda, has extensive global experience in INEO's industry. Mr. Akbas has offered his wealth of knowledge to INEO to maximize long-term shareholder value, including by bringing a significant contract, making introductions to a credible producer, and facilitating a world-class sales channel partnership. Regrettably, Mr. Akbas' queries, suggestions, and proposals have, to date, been met with significant resistance from INEO. Incomplete Disclosure of Coenda's Requisition: The full text of Coenda's requisition, which provides context and the basis for the resolutions proposed by Coenda, has not been disclosed to shareholders by INEO. Coenda expects that the full text of its requisition will be provided to all shareholders in the company's information circular as required by Sections 167(5)(b) and 167(6)(b) of the British Columbia Business Corporations Act. Coenda's Incorporation and History: Coenda was incorporated on January 11, 2022. Contrary to INEO's characterization, Coenda is not a recently formed investment company. Disclosure Obligations on Director Resignation: INEO incorrectly characterized the resignation of Eugene Syho, a director and Chair of the Audit Committee, as non-material. Under TSX Venture Exchange policies 3.1 and 3.3, issuers must immediately disclose changes in directors. INEO first disclosed Mr. Syho's resignation in an unrelated press release on February 11, 2025, "INEO Announces Deployment of Retail Media Technology with Leading Turkish Retailer Bambi, via Partner Bon Intelligence." To date, no material change report regarding Mr. Syho's resignation has been filed, despite Coenda's repeated requests. Unanimous Consent Required Under BC Business Corporations Act and INEO's Articles: Coenda clarifies that under the British Columbia Business Corporations Act and INEO's articles, for a written resolution to be effective in lieu of a meeting, directors must unanimously consent. The resolution approving INEO's interim financial reports and the related management discussion and analysis for the period ending December 31, 2024, and authorizing filing thereof, were not approved unanimously as required. Mr. Akbas, in his capacity as director of INEO, did not sign or assent to the proposed consent resolution because he was not provided with a copy of the audit committee's resolution recommending approval referred to in the proposed director resolution until April 21, 2025. The filing of INEO's interim financial statements and management discussion and analysis for the period ending December 31, 2024 were not properly authorized under INEO's articles or applicable law. Correction of Ownership Percentage: INEO inaccurately reported Coenda's shareholding at the time Coenda's investment was completed as 49%. As of January 22, 2025, when the transaction closed, Coenda held 50.78% of the issued and outstanding shares of INEO. As required by applicable regulation, Coenda disclosed its acquisition of a controlling interest in INEO in the early warning report prepared and filed by McMillan LLP, the solicitors for INEO. Following the conversion of a debenture on February 21, 2025, Coenda's shareholdings were diluted to 48.85% of INEO's outstanding shares. Surrey, British Columbia - Newsfile Corp. - 6 May 2025 - Coenda Investments Holding Corp. (""), a significant shareholder of INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (""), issues this press release to correct several inaccuracies contained in the recent disclosure by INEO dated April 28, firmly believes that rigorous corporate governance and regulatory compliance are foundational to long-term shareholder value preliminary discussions about Coenda's strategic investment in INEO, Coenda highlighted concerns to INEO's management about its growth strategy, but after nearly a year of discussions, Coenda was convinced of the merits of INEO's product and service offering. Coenda chose to make a significant investment in INEO based on the strength of INEO's product and service offering, and with the mutual understanding that:Over the past quarter, in countless meetings, Coenda has worked tirelessly to implement the changes that it identified to INEO's management before Coenda made its investment. Coenda has also sought information from INEO about the use of the proceeds of Coenda's investment. At all times, Coenda's objective in making its strategic investment, and in taking an active role in facilitating the changes identified to INEO's management, was to grow INEO and enhance shareholder Coenda's patient efforts to implement the changes that were contemplated as part of Coenda's strategic investment, Coenda has been met with resistance from INEO's management the appointment of Coenda's nominee (Mr. Kerem Akbas) to the board of INEO, it became apparent that important corporate formalities, such as board approval of financial statements and timely filing of continuous disclosure, were not being followed. Consequently, Coenda delivered a requisition for a shareholder meeting, to be held on an urgent basis, to ascertain the root cause for INEO's corporate and regulatory non-compliances. Coenda also gave notice of its desire to change the then-current board members except for Mr. Akbas (i.e. Greg Watkins, Kyle Hall, and Steve Matyas).On the date that Coenda's requisition was delivered, it had not, and as of the date of this press release, Coenda has not identified or proposed a slate of directors to replace Mssrs. Watkins, Hall, and Matyas. Coenda has not, and does not presently intend before the shareholder meeting scheduled for August 8, 2025, to acquire any additional securities in INEO. Similarly, Coenda has not, and does not presently intend to publicly solicit proxies with respect to the proposals it has advanced for the upcoming shareholder reaffirms its position that the proposed board changes are solely intended to address governance and compliance issues and are not part of any broader strategy or intention to acquire further shares or influence corporate notes the following corrections to INEO's press release dated April 28, 2025:Coenda's primary goal remains to enhance corporate governance and oversight, which is crucial for INEO's sustainable growth and shareholder confidence. Coenda is committed to ensuring transparency and accountability at INEO and looks forward to addressing these issues fully at the upcoming requisitioned shareholders' meeting. The issuer is solely responsible for the content of this announcement. About Coenda Investments Holding Corp. Coenda Investments Holding Corp. is a private British Columbia company committed to enhancing shareholder value through strategic investments and by fostering governance transparency and accountability. For more information, please contact: Dawn Wattie, SVP Legal 778-846-5749 "Dawn Wattie" COENDA INVESTMENT HOLDINGS CORP.
