Gopher Board of Directors Forms Required Committees in Continued Effort to Up-List
SANTA MONICA, CA, Aug. 10, 2018 (GLOBE NEWSWIRE) -- Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”), a company specializing in the creation of Internet of Things (IoT) and Artificial Intelligence enabled mobile technologies, is gearing up its effort toward up-listing on to a national exchange with the formation of its Audit, Compensation and Governance Committee. The Board also adopted a Code of Ethics and Whistle Blower Policy.
The Audit Committee will be chaired by Muhammad R. Khilji, a CPA and an independent director. The Compensation Committee will be chaired by Judit Nagypal, an independent director.
The Governance Committee will be chaired by Ambassador Ned Siegel, an independent director.
Each committee is populated by three members, which are all independent directors.
“I am pleased that the Board took the steps to incorporate these required committees and adopted certain policies which are the building blocks toward potential up-listing. Our goal is to up-list on to a national exchange to benefit the more than 10,000 shareholders base of our company,” stated Douglas Davis, the Company’s Interim CEO.
About Gopher Protocol Inc.
Gopher Protocol Inc. (OTCQB: GOPH) (“Gopher”) ( http://gopherprotocol.com/ ) is a development-stage company which consider itself Native IoT creator, developing Internet of Things (IoT) and Artificial Intelligence enabled mobile technology. Gopher has a portfolio of Intellectual Property that when commercialized will include smart microchips, mobile application software and supporting cloud software. The system contemplates the creation of a global network. The core of the system will be its advanced microchip technology that can be installed in any mobile device worldwide. Gopher envisions this system as an internal, private network between all enabled mobile devices providing shared processing, advanced mobile database management/sharing and enhanced mobile features.
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Certain statements contained in this press release may constitute “forward-looking statements”. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors as disclosed in our filings with the Securities and Exchange Commission located at their website ( http://www.sec.gov ). In addition to these factors, actual future performance, outcomes, and results may differ materially because of more general factors including (without limitation) general industry and market conditions and growth rates, economic conditions, governmental and public policy changes, the Company’s ability to raise capital on acceptable terms, if at all, the Company’s successful development of its products and the integration into its existing products and the commercial acceptance of the Company’s products. The forward-looking statements included in this press release represent the Company’s views as of the date of this press release and these views could change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of the press release.
Douglas Davis, Interim CEO Gopher Protocol Inc. VM Only 888-685-7336