LAS VEGAS, NV -- May 2, 2024 --
InvestorsHub NewsWire -- Avant Technologies, Inc. (OTCQB:
AVAI) (“Avant” or the “Company”), an artificial intelligence
(AI) technology company specializing in the development of advanced
AI and data center infrastructure solutions, has named William
Hisey as the Company’s new Chief Executive Officer (CEO), effective
immediately. Hisey comes to Avant via its acquisition of
Wired4Health, a healthcare technology and data integration firm,
where he’s spent the last 13 years serving as the firm’s Chief
Financial Officer (CFO).
Hisey joins Avant at a pivotal
moment in the Company’s growth. Avant spent the past year laying
the groundwork for its future in the AI industry, and William Hisey
will bring his 25 years of experience in business operations and
finance, including executive-level positions in private equity and
corporate finance, to position the company financially to continue
its AI data center infrastructure development plans and the
Company’s complete growth in the burgeoning AI industry.
Commenting on his appointment as
the new CEO at Avant, Hisey said, “Avant has been methodically
building a company that can compete in the AI space in an area of
great need, and I am excited to join the team at this crucial point
in the Company’s development.”
His experiences run the gamut from
initial start-ups to Fortune 100 Companies. Mr. Hisey began his
career at Ernst & Young, considered one of the Big Four
accounting firms globally, as a financial auditor before
transitioning to Pitney Bowes, where he performed in multiple
financial roles. After serving as the Vice President (VP) of
Business Development at IVAX Pharmaceuticals, Hisey became the CFO
of the boutique venture capital firm, SnowMark Capital.
Mr. Hisey then transitioned to the
entrepreneurial side of business and founded RxStrategies, Inc., a
“340B” pharmaceutical services startup, where his focus was on
developing the business model, raising capital, and directing the
ramp-up of company infrastructure and front of the house
activities.
Most recently, Hisey has been
providing CFO and private equity services to a variety of
companies, while also serving as the CFO for Wied4Health since
2011. His work includes financial structuring, business modeling,
strategic planning, capital raises, and due diligence/process
improvement projects.
Prior to his 13-year tenure with
Wired4Health, which was acquired by Avant earlier this month, Hisey
spent almost six years as CFO and Vice President of Business
Development with Sentry Data Systems (Sentry), a healthcare
solutions technology company. While at Sentry, the company grew
from just 15 employees to more than 100 employees and revenue grew
dramatically from less than $1 million to more than $100
million.
About Avant Technologies,
Inc.
Avant Technologies, Inc. is an
artificial intelligence technology company specializing in creating
and developing innovative and advanced AI infrastructure solutions
designed to revolutionize the landscape for AI software development
companies and other companies that require immense, scalable
computing power, such as scientific simulations, climate modeling,
protein folding analysis, and big data processing. The
Company also employs its highly sophisticated machine and deep
learning AI system, Avant AI™, to function as both a
versatile and customizable AI solution in a host of industries and
applications.
More information about Avant
Technologies can be found at https://avanttechnologies.com
You can also follow us on social
media at:
https://twitter.com/AvantTechAI
https://www.linkedin.com/company/avant-technologies-ai
https://www.facebook.com/AvantTechAI
https://www.youtube.com/@AvantTechAI
Forward-Looking
Statements
Certain statements contained in
this press release may constitute “forward-looking
statements.” Forward-looking statements provide current
expectations of future events based on certain assumptions and
include any statement that does not directly relate to any
historical or current fact. Actual results may differ materially
from those indicated by such forward-looking statements because of
various important factors as disclosed in our filings with the
Securities and Exchange Commission located at their website
(http://www.sec.gov). In addition to these factors,
actual future performance, outcomes, and results may differ
materially because of more general factors including (without
limitation) general industry and market conditions and growth
rates, economic conditions, governmental and public policy changes,
the Company’s ability to raise capital on acceptable terms, if at
all, the Company’s successful development of its products and the
integration into its existing products and the commercial
acceptance of the Company’s products. The
forward-looking statements included in this press release represent
the Company's views as of the date of this press release and these
views could change. However, while the Company may elect to update
these forward-looking statements at some point in the future, the
Company specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as
representing the Company's views as of any date after the date of
the press release.
Contact:
Avant Technologies, Inc.
info@avanttechnologies.com
Avant Technologies (QB) (USOTC:AVAI)
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