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Gooi Global, Inc. Announces Management Changes

DES MOINES, Iowa, March 25, 2016 (GLOBE NEWSWIRE) -- Gooi Global, Inc. (OTC:GOOI) announced the resignations of CEO, Mark White and COO, Barry Adams today, to be effective March 31, 2016. Mike Kemery, Chairman of the Board, will serve as interim CEO while the Board completes its search for a new CEO. Mr. White and Mr. Adams have also been retained by the Board to serve as Special Advisors to the Chairman, Mr. Kemery, during the search period. Mr. White will remain a member of the Board of Directors.

“We are very thankful to Mr. White and Mr. Adams for their service to the company and its shareholders during a prolonged restructuring process,” said Mr. Kemery. He added, “This was a long planned change in management as both recommended to the Board in August that it focus on building on the successful launch of our Gooi Mortgage, Inc. subsidiary, and they would plan to depart once the financial restructuring was complete.”

Remarking on his resignation, Mr. White said “My experience working on behalf of the Gooi Global, Inc. Board of Directors and shareholders has been rewarding. I am thankful for the confidence and support I have received from them in the process of restructuring and repositioning the company to evolve into a financial services holding company.”

“I look forward to continuing my service to the shareholders, Board, and employees of Gooi Global, Inc. by remaining as a Special Advisor to the Chairman during the transition and as a member of the Board beyond that time.” Mr. White continued.

Commenting on the future direction of the company, Mr. Kemery said, “This is less a change in direction for the company than an opportunity to build on successes. The company can optimize its financial resources by focusing on providing additional products to the mid-sized banking, insurance and financial institution distribution channels developed by Gooi Mortgage.”

Board member John Krohn will lead the search for a permanent CEO. Mr. Kemery noted that “Our main criteria is someone with outstanding credentials in the financial services industry that can build upon the platform established by our Gooi Mortgage, Inc. subsidiary.”

About Gooi Global, Inc.
Gooi Global, Inc. (OTC:GOOI) is a holding company that invests in companies providing products to mid-sized financial institutions, enabling them to remain competitive in a rapidly changing marketplace. For more information please contact Gooi Global, Inc. at 515-393-4555 or at ir@gooiglobal.com.

Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contact: Investor Relations (515)393-4555 ir@gooiglobal.com

Source:Gooi Global, Inc.