Experienced Financial Services Executive Matthew Parden
Appointed U.K. Subsidiary President
San Clemente, CA - (NewMediaWire) - August 2, 2021 - Concierge
Technologies, Inc. (OTC: CNCG), a diversified global holding firm, today
announced it has created a new wholly owned subsidiary in London, England --
Marygold & Co. (UK) Limited -- and that it has appointed Matthew Parden to
lead the new operation as president.
The new business unit was
formed to be the holding company for acquisitions that may be consummated in
the region, along with other regional business activities by Concierge
Technologies and its wholly owned U.S.-based development stage subsidiary, Marygold &
Co., which is targeting an introduction of a mobile app for its
fintech services business in the U.K. and EU next year.
Marygold & Co. is
completing the development of a free banking and financial services app for
sending, receiving, spending and saving securely through mobile devices.
Interest will be earned on all deposits, with no minimums or credit checks
required. Accounts will be FDIC-insured for U.S. residents.
Nicholas Gerber, CEO of
Concierge Technologies, said, “We are delighted to have established our U.K.
presence through the formation of Marygold & Co. (UK) Limited, paving the
way for potential expansion of the company’s financial services offerings,
including our asset management and advisory services business, and the fintech
app that Marygold & Co. plans to introduce, on a global scale. We are
fortunate in being able to attract an experienced financial services executive
such as Matthew Parden to head this growth initiative for Concierge
Technologies, which we anticipate will include acquisitions, using our existing
business units as a foundation.”
Mr. Parden previously was chief
executive officer of London-based financial planning and wealth management firm
Aspinalls, a position he held from 2015 to 2020. Prior to that, for
17-years, he was employed at Duncan Lawrie Private Bank, also headquartered in
London, including four years as its CEO. Mr. Parden is a chartered accountant
(FCA) and qualified financial adviser (Dip PFS) with experience in regulated
and unregulated financial advice, onshore and offshore private banking, private
client investment management, audit, tax, and mergers & acquisitions.
About Concierge
Technologies, Inc.
Concierge Technologies,
originally founded in 1996, was repositioned as a global holding firm in 2015,
and currently has operating subsidiaries in financial services, food
manufacturing, printing, security systems and beauty products. Offices and
manufacturing operations are in the U.S., New Zealand and Canada. For more
information, visit www.conciergetechnology.net.
Forward-Looking
Statements
This press release may contain
"forward-looking statements" that include information relating to
Concierge Technologies’ future events. Such forward-looking statements,
including, but not limited to, Marygold & Co. (UK) Limited consummating
potential acquisitions and other business activities in the U.K. and EU, and
anticipated introduction of Marygold & Co.’s financial services business in
the U.K. and EU next year, should not be read as a guarantee of future
performance or results, and will not necessarily be accurate indications of the
times at, or by which, that performance or those results will be achieved.
Forward-looking statements are generally identifiable by the use of
forward-looking terminology such as "believe," "expects,"
"may," "looks to," "will," "should,"
"plan," "intend," "on condition,"
"target," "see," "potential,"
"estimates," "preliminary," or "anticipates" or
the negative thereof or comparable terminology, or by discussion of strategy or
goals or other future events, circumstances, or effects. The forward-looking
statements contained in this press release are made as of the date of this
press release, and the Company disclaims any intention or obligation, other
than imposed by law, to update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise. Actual
results or events could differ materially from the plans, intentions and
expectations disclosed in the forward-looking statements that the Company makes
due to a number of important factors, including business effects, including the
effects of industry, market, economic, political or regulatory conditions,
future exchange and interest rates, and changes in tax and other laws,
regulations, rates and policies, including the impact of COVID-19 on the
broader market. Detailed information regarding factors that may cause actual
results to differ materially from the results expressed or implied by
statements in this press release relating to the Company may be found in the
Company's periodic filings with the Securities and Exchange Commission,
including the factors described in the sections entitled "Risk
Factors", copies of which may be obtained from the SEC's website at www.sec.gov or
the Company’s website at www.conciergetechnology.net.
Media and investors, for more Information, contact:
Roger S. Pondel
PondelWilkinson
Inc.
310-279-5980
rpondel@pondel.com
Contact the Company:
Nicholas
Gerber, CEO
949-429-5370
ngerber@conciergetechnology.net