Moseda Announces Board Resignation

VANCOUVER, British Columbia, May 02, 2016 (GLOBE NEWSWIRE) — Moseda Technologies Inc. (TSXV:MSD) (OTCQB: FLNTF) (“Moseda” or the “Company”), a technology company focused on developing innovative mobile health (mHealth) and telemedicine solutions for Community-Based Healthcare, announces that Mr. Nicholas Murray has resigned from the Company’s Board of Directors effective immediately.  The balance and release schedule of Mr. Murray’s escrowed shares in the Company will remain unchanged, for the full escrow release schedule please reference the Filing Statement on SEDAR.

ON BEHALF OF THE BOARD

“Dr. Lisa Crossley”

CEO and Director

For further information: CORE Capital Partners at 604-566-9233 or investors@ccpartnersinc.com

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.

Cautionary Statements Regarding Forward Looking Information
Certain statements in this press release constitute forward-looking statements, within the meaning of applicable securities laws.  All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are “forward-looking statements”.

We caution you that such “forward-looking statements” involve known and unknown risks and uncertainties that could cause actual and future events to differ materially from those anticipated in such statements.

Forward-looking statements include, but are not limited to, statements with respect to commercial operations, including technology development, anticipated revenues, projected size of market, and other information that is based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. 

Moseda Technologies Inc. (the “Company“) does not intend, and does not assume any obligation, to update these forward-looking statements except as required by law. These forward-looking statements involve risks and uncertainties relating to, among other things, technology development and marketing activities, the Company’s historical experience with technology development, uninsured risks. Actual results may differ materially from those expressed or implied by such forward-looking statements.