NetworkNewsBreaks – SRAX Inc. (NASDAQ: SRAX) Ann
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SRAX (NASDAQ: SRAX), a financial technology company that unlocks data and insights to publicly traded companies through its software-as-a-service (“SaaS”) platform, Sequire, today announced that Lou Kerner will be appointed chief executive officer of its wholly owned subsidiary BIGtoken. SRAX previously announced its entry into a definitive agreement with Force Protection Video Equipment Corp (OTC: FPVD), pursuant to which SRAX will receive 88.9% of the issued and outstanding shares of FPVD in exchange for 100% of the shares of BIGtoken. FPVD will be renamed BIGtoken Inc. with Kerner as its CEO upon completion of the transaction. “Lou has been working with data and internet startups his entire career. He has a detailed understanding of blockchain and how it is applied to augment business applications. Blockchain will play a big part in the future of consumer identity and privacy and we have a shared vision with Lou on what this will look like,” said Christopher Miglino, CEO of SRAX. “Not only is Lou a technology expert, but his knowledge of the capital markets will be a significant asset to BIGtoken as the company is uplisted to a nationally listed exchange.”
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