Adya Announces Changes to Board

TORONTO--(BUSINESS WIRE)--Adya Inc. (“Adya” or the “Company”), (TSX-V: ADYA) today announces changes to the board of directors.

The Company regretfully announces the resignation of Ms. Jasmin Ganie-Hobbs from the board of directors of the Company due to an unforeseen potential conflict of interest with an Adya operating subsidiary.

Mr. Samer Bishay, CEO, commented “We were fortunate Ms. Jasmin Ganie-Hobbs was willing to join our board. Her resignation attests to her commitment to good corporate governance practice. We regret our mutual due diligence did not discern the subsidiary level potential conflict. More we regret losing the benefit of the contributions Ms. Ganie-Hobbs would have made to our board.”

ABOUT ADYA

Adya is a publicly traded holding company, with offices located in Toronto, Canada, and currently a strategic shareholder in telecommunications and technology companies.

DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTS

Certain statements herein may be “forward looking” statements that involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Adya or the industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward looking statements. These forward looking statements reflect current assumptions and expectations regarding future events and operating performance and are made as of the date hereof and Adya assumes no obligation, except as required by law, to update any forward looking statements to reflect new events or circumstances.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.