INVESTORS NEWS
FOR IMMEDIATE RELEASE
Gatekeeper Appoints Technology Veteran and Former VP Finance of Haywood Securities,
Robert C. Hill, to the Board of Directors
Abbotsford, BCMay 4th, 2016 – Gatekeeper Systems Inc. (‘Gatekeeper’ or the ‘Company’) (TSX.V: GSI; OTC: GKPRF; FSE: 1GK) is pleased to announce the appointment of Mr. Robert C. Hill, CPA, CA to the Board of Directors (the “Board”).
Mr. Hill served as Vice President, Finance and Business Development for Haywood Securities Inc. from 2007 to 2016 where he was responsible for strategic planning, corporate governance, capital management, and mergers and acquisitions. He has extensive experience as a versatile executive managing private and publicly traded technology and financial businesses in Canada and the USA.
From 2003 to 2006, Mr. Hill served as Senior Manager for Vignette Corp. in Austin, Texas, (now ‘Open Text Corp.’), where he was responsible for the creation, design, and sales of software solutions to meet the needs of Fortune 500 CFOs and General Counsels in managing compliance and risk. During his tenure at Vignette Corp., Mr. Hill quickly became an expert in governance and compliance solutions while managing the SEC and Sarbanes-Oxley reporting functions.
Mr. Hill served as Senior Manager of Finance for Trilogy Software Inc. in Austin, Texas, from 1999 to 2003, which is one of the largest private software companies in America. During this time, Mr. Hill was responsible for leading a successful $1 million system implementation resulting in annual savings of $500,000 from elimination of redundant positions. He was also instrumental in reducing cycle time for billing functions from an average of 50 days to 10 days – an accomplishment which resulted in an additional $10 million in value added to the company’s balance sheet.
Doug Dyment, President and CEO of Gatekeeper stated, “On behalf of the Board, we welcome Mr. Hill and look forward to working with him in our efforts to continually grow the Company while increasing shareholder value. Rob is a seasoned veteran in technology business development and finance with experience in software products, licensing and large contract negotiations. He will be a valued addition to our Board as we transition areas of our business to recurring revenue models and seek to become an industry leader in the safety and security market.”
The Company also announces that Daniel Brennan has resigned from the Board in order to focus on his personal affairs. The Board wishes to thank Mr. Brennan for his contributions and support to date, and wishes him the best in the future. Mr. Brennan will remain as a consultant to the Company.
Further, the Company has granted an aggregate of 900,000 incentive stock options (the “Options”) under the Company’s Stock Option Plan to certain directors and officers of the Company, subject to TSX Venture Exchange approval. The Options are exercisable at a price of $0.13 for a period of ten years from the date of grant, and subject to vesting provisions.
About Gatekeeper Systems Inc.
A TSX-V Company since 2013, Gatekeeper Systems Inc. has provided total mobile video security solutions to over 3,500 customers and has installations in every state and province in North America. Customers include school districts, public transit, law enforcement and military.
For more information visit: www.gatekeeper-systems.com.
On behalf of the Board,
Douglas Dyment
President & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.