ECGI expands management team with seasoned CFO

LOS ANGELES, November 16, 2021 (GLOBE NEWSWIRE) – via InvestorWire – ECGI Holdings, Inc. (OTC PINK: ECGI) (“ECGI” or the “Company”), which intends to operate as Elite Cannabis Group, today announces a significant improvement in its management team by retaining Danny Wong as CFO. Mr. Wong is a veteran of the financial services and advisory industries with considerable experience interfacing with senior executives at Fortune 500 companies.

Mr. Wong will be responsible for all aspects of the financial management of the company as it continues its transition to the North American cannabis market.

William Chung, CEO of ECGI, commented, “Our plans call for strong growth, and to execute our plans, it is important to continue to grow our leadership ranks. Danny has exactly the kind of experience we need to take our operation to the next level. We welcome him to the ECGI team.

Mr. Wong is a recognized leader in finance, auditing and risk management, with specific experience in M&A transactions, financial management, IT risk management and corporate governance. preparation and execution of audits. He plans to use his additional experience in designing internal control environments to build the Company’s infrastructure for the revenue growth anticipated by the Board of Directors. He immediately joined the Company.

About ECGI Holdings, Inc.

ECGI Holdings, Inc., which plans to operate as Elite Cannabis Group, Reorganizes into Acquisition-Focused Company with California Goals of Under-capitalized and Distressed Licensed Cannabis Assets, Zoned Properties for the cultivation and processing of cannabis, and cannabis companies operating in market sectors with possibilities for national expansion. Additional information about the Company can be obtained by contacting [email protected].

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may also be included in other publicly available documents issued by the Company and in oral statements made by our officers and representatives from time to time. These forward-looking statements are intended to provide management’s current expectations or plans for our future operational and financial performance, based on assumptions currently considered valid. They can be identified by the use of words such as “anticipate”, “intend”, “plan”, “objective”, “seek”, “believe”, “project”, “estimate”, “’expect”. “,” A strategy, “” future “,” likely “,” could “,” should “,” would “,” could “,” could “and other words with a similar meaning in the context of a discussion on future operational or financial performance. Examples of forward-looking statements include, but are not limited to, statements relating to future sales, earnings, cash flow, results of operations, use of cash and other measures of financial performance.

Since forward-looking statements relate to the future, they are subject to inherent risks, uncertainties and other factors which may cause the actual results and financial condition of the Company to differ materially from those expressed or implied in forward-looking statements. These risks, uncertainties and other factors include, among others, such as, but not limited to, economic conditions, changes in laws or regulations, demand for the Company’s products and services, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in forward-looking statements. Any forward-looking information provided in this press release should be viewed in light of these factors. We assume no obligation to update any forward-looking statements contained in this report.

For more information please contact:

Guillaume Chung

[email protected]

SOURCE: ECGI HOLDINGS, INC.

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