Aluf Holdings, Inc. Announces Appointment of Dany Bouchedid as President and Chief Executive Officer

May 08, 2019

SC Pressroom Cybersecurity's leading news distribution network

HOLLYWOOD, Fla.-- Aluf Holdings, Inc. ("AHIX") ("the Company") (OTC PINK: AHIX) today announced that Dany Bouchedid has been appointed Chief Executive Officer, replacing Teresa McWilliams who will remain as Chief Financial Officer and a director of the company.

Mr. Bouchedid, Founder and CEO of COLOTRAQ, joined the Board of Directors of Aluf in February 2019 and will remain a member of the Board of Directors while serving as Chief Executive Officer. Mr. Bouchedid will also remain President and CEO of COLOTRAQ, a recently acquired, wholly owned subsidiary of Aluf.

The Board of Directors is thankful to Ms. McWilliams for stepping in again as the Interim CEO following the resignation of Glenn Milligan on February 20, 2019. Ms. McWilliams previously served as Interim CEO between July 2015 and December 2017. The Board appreciates her dedication and contributions. 

Don Bennett, Chairman of the Board, stated, "Dany is a proven leader with over 20 years of successful business leadership. He's a true visionary with expertise in strategy development and execution that will undoubtedly be an asset to this organization."

Teresa McWilliams, Aluf Holdings CFO, commented: "Given Dany's extensive knowledge in the various Next Gen technologies and verticals that Aluf is focused on, I am very confident that he is the best choice to take Aluf to the next level and I am proud to be passing the torch to him."

Dany Bouchedid, Founder & CEO of COLOTRAQ, added: "I am honored and privileged to have been chosen by our world-class Board of Directors for this critical role. I welcome the opportunity and embrace the responsibilities of leading a publicly traded company. I am committed to moving this company onward and upward."

About Aluf Holdings, Inc.:

Aluf Holdings, Inc. is a publicly traded holding company whose core competency is to acquire, manage and propel "Next-Gen" technology companies into the future. Our core focus is the Biometric, Cybersecurity, Blockchain, and Software/Hardware verticals. For more information go to www.aluf.com.

About COLOTRAQ:

COLOTRAQ is the foremost global sourcing advisory firm and master agency for colocation, managed hosting, cloud and related network services. Since 1999, COLOTRAQ has been helping find data center infrastructure solutions for businesses and institutions worldwide through its unrivaled network of over 400 service providers, 200 of which provide cloud services in over 1,300 cities across 140 countries and territories. Through DCITRAQ, its industry leading cloud-based software for sourcing Colocation, Cloud, Connectivity and Cybersecurity, COLOTRAQ can instantly source customer requirements from a single rack to thousands of square feet of Data Center space along with Managed Hosting, Cloud-based infrastructure, Cybersecurity and network services anywhere in the world. www.colotraq.com

Safe Harbor Statement:

This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.


Tags: United States, English