– USA, KY – Creative Realities, Inc. (OTCQX:CREX), a leading provider of digital marketing solutions, has submitted its formal application to list the Company’s common stock in the U.S. on the NASDAQ Capital Market and has effected changes in its Board of Directors to comply with NASDAQ governance requirements.
“We believe up-listing from the OTC Market to the NASDAQ Capital Market will broaden access to Creative Realities by the financial community,” said Rick Mills, the CEO of Creative Realities. “Being in a position to list our common stock on the NASDAQ Capital Market reflects significant progress that has been made in building our financial and liquidity standards, positioning the Company for future growth and profitability, and strengthening our corporate governance.”
Effective as of September 7, 2018, each of Patrick O’Brien and Eric Bertrand resigned from the Board of Directors of Creative Realities, Inc. On that same date, the Board of Directors appointed Joseph Manko, Jr. to serve as a director on the Board of Directors. Mr. Manko has been an observer of the Board since 2014 and is expected to serve on the Audit Committee and Compensation Committee of the Board of Directors, each newly formed and constituted by the Board of Directors.
Mr. Manko is an experienced Board member and Senior Principal in Horton Capital Management LLC, the investment manager for the Horton Capital Partners Fund, LP, and significant shareholder in the Company. Mr. Manko has over 20 years of investment experience in the asset management, investment banking, private equity and corporate securities markets, including senior roles at Deutsche Bank in London and Merrill Lynch in Hong Kong. Prior to founding the Horton Fund, Mr. Manko was a Partner and Chief Executive Officer of Switzerland-based BZ Fund Management Limited. Mr. Manko began his career as a corporate finance attorney at Skadden, Arps, Slate, Meagher & Flom and earned both his B.A. and Juris Doctorate from the University of Pennsylvania.
“We thank Patrick O’Brien and Eric Bertrand for their excellent work and tireless efforts as Board members in serving Creative Realities and helping to drive this organization towards its goals. I am personally grateful for the insights and knowledge each have shared during their time on the Board of Directors and we will continue to rely on their expertise as we take the next steps in our journey,” Mr. Mills stated. “Mr. Manko’s proven track record in corporate finance and capital markets will be highly valuable as we continue our journey towards being an industry consolidator.”
Acceptance for listing Company shares is subject to approval, in part, based on the Company’s ability to meet minimum listing requirements for the NASDAQ Capital Market. While the Company intends to satisfy all of the applicable listing criteria, no assurance can be given that its application will be approved. During the NASDAQ review process, the Company’s common stock will continue to trade in the U.S. on the OTC Market under its current symbol, CREX.
About Creative Realities, Inc.
Creative Realities helps retailers and brands use the latest technologies to inspire shopper engagement in and around their stores. Founded over 15 years ago, the firm’s evolving client base has led to recognized leadership in deploying technology aligned with strategic and consumer behavior goals at Retail. The firm has created and delivered consumer/shopper experiences, designs and installs high-end audio-visual networks, and is actively providing recurring SaaS and support services across diverse categories: Automotive, Apparel & Accessories, Banking, Baby/Children, Beauty, CPG, Department Stores, Digital Out-of-Home, Electronics, Fashion, Fitness, Foodservice/QSR, Financial Services, Gaming, Luxury, Mass Merchants, Mobile Operators, and Pharmacy Retail.
For more information : https://www.cri.com
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