PurMinds Enterprises names Angelo Pizzuto as CFO and COO

PurMinds Enterprises, Inc. (OTC: PFSF) has appointed Angelo Pizzuto as Chief Financial Officer, Chief Operating Officer, Secretary, and Treasurer, effective immediately. The Las Vegas-based clinical-stage neuroscience company announced the appointment on June 10.

Pizzuto succeeds James DiPrima, who resigned to pursue other professional ventures. DiPrima will remain available in an advisory capacity during the transition period.

The company stated that Pizzuto's immediate mandate includes leading PurMinds through a PCAOB audit over the next two to three months. PurMinds has engaged an independent third-party accounting firm to prepare technical accounting memos and perform an internal review of financial records prior to the formal audit.

Pizzuto will also oversee commercialization efforts within the company's operating entities and support capital-raising initiatives, including private placements under Regulation S and Regulation D, according to the company.

Pizzuto brings over 20 years of experience in financial planning and analysis, mergers and acquisitions, capital markets, and corporate governance. The company stated he has secured over $150 million in financing across various sectors in Canada and the U.S. For the past three years, he served as CFO and COO at 10763942 Canada Inc., also known as PurMinds NeuroPharma, which is an operating entity of the company.

Previously, Pizzuto worked as Vice President of Corporate Finance & Integration at Sandbox Advertising, CFO and COO at Monocrete Corp., and VP of Finance at Soroc Technology Inc. He holds an MBA from Ivey Business School at the University of Western Ontario.

"Angelo's appointment ensures a seamless transition as we finalize our audit, initiate our capital strategy, and move toward our next phase of corporate growth," said CEO Janet Qi in the press release.

PurMinds describes itself as a biotech company focused on neurological disorders, diagnostics, and healthcare intelligence through a partnership with SpectroChip Global Inc.

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