Wolverine Appoints Dr. David Chalk and Richard Haderer to the Board of Directors and Enters into an Agreement for the Acquisition of a 25% Interest in Enigma
Wolverine is pleased to announce that Dr. Chalk has been appointed to the board of Directors of Wolverine. Dr. Chalk is a leading technology and cyber security expert whose knowledge and understanding regarding the current state of cyber threats is unsurpassed.
Chalk is a pioneer in the technology industry having created Doppler Computers and Chalk Media Inc. which was sold to Research in Motion, now Blackberry, in 2009. Chalk has also received numerous awards for his many innovations in the business and technology worlds. Among his many accolades, Chalk has received an Honorary Doctorate of Technology from the University of Fraser Valley, Ernst and Young's Entrepreneur Award also industry leading awards for software development in the mobility, security and education and digital video fields.
Mr. Richard Haderer has been appointed as interim CEO and a director of Wolverine. Mr. Haderer has worked as a regulatory consultant for Wolverine since February of 2006. Mr. Haderer has been President of PubCo Services Inc. since April 2006. PubCo Services Inc. provides regulatory consulting services to public traded companies. Mr. Haderer has also served as a director and officer of several public traded companies. From November 1989 to April 1996, Mr. Haderer worked as a Listing Analyst with the Alberta Stock Exchange (now the TSX Venture Exchange ).
On April 19, 2016 Wolverine Technologies Corp. (“Wolverine”) signed a Share Purchase Agreement with Dr. David Chalk, a director of Wolverine, whereby Dr. Chalk will invest, one-third of the net proceeds received by Dr. Chalk from the sale of Dr. Chalk’s 15% interest in Decision-Zone Inc. (“DZI”), in a private placement of 400,000,000 common shares of Wolverine. Mr. Chalk’s interest in DZI is a potential acquisition target by a major technology company.
DZI is the leading developer of next generation cyber security and business efficiency technology. DZI developed and patented the dzAudit technology. The patent for dzAudit was issued on March 15, 2011, see link below this commentary. The patent explains that to detect anomalies, current approaches evaluate transaction data statistically and to validate whether the transaction is indeed anomalous requires significant storage, processing power and human resources. The new approach (dzAudit) audits events as they happen against the business process definition. Events that do not follow the right sequences and conditions of the process definition are identified to be anomalous. Current audit methodologies are not automated and have a big latency factor that precludes them from being used for real time transactional validation.