Toronto, Ontario (March 20, 2024) – American Aires Inc. (CSE:WIFI; OTC Pink:AAIRF) (“Aires” or the “Company”), a pioneer in cutting-edge technology designed to protect against electromagnetic radiation and optimize human health, is pleased to announce the appointment of Jamie Cochran to the Company’s Board of Directors who will be replacing Ruslan Elensky. The Company would like to thank Ruslan for his immense contribution to the success of Aires during the early and formative stages of development. Early stages of any business are prone to volatility and uncertainty and as such, having the right foundational partners at this stage cannot be more crucial. Ruslan, seeing the opportunity presented in front of Aires, provided that support, resilience and natural entrepreneurial spirit, helping in many ways to propel the Company from its formation to its position today in the life sciences industry.
The recently announced $4 million oversubscribed private placement was the culmination of the years of efforts of the team, including Ruslan, and it opened doors to new opportunities. It is at this juncture that the Company’s Board of Directors, management and Ruslan came to the mutual understanding that a new board member, with experience more suited to Aires’ current market position, would be in the best interest of the Company’s future and its shareholders. Collectively, we would like to thank Ruslan for his support and time with Aires and wish him all the best in his future ventures. Ruslan Elensky commented: “I`m very grateful for having had the opportunity to be one of the founding partners and one of the original members of the Board of Directors. It has been a long and fruitful journey with the latest financing and share price performance reflecting the success that we have all had. I would like to thank the entire team for working together and sharing this success together. I’m extremely proud of you and will remain a close friend, supporter and a shareholder of the Company.”
Replacing Ruslan’s seat on the Board of Directors is Jamie Cochran, an existing shareholder with 4.6 million shares and 1.6 million warrants. Jamie’s e-commerce experience and success combined with his relationships with public personas and celebrities in the health and wellness space completes the team as the Company is gearing up to widen and deepen its presence in the space. Jamie’s expected contribution will be to foster strategic partnerships with trend-setting individuals and businesses. This initiative aligns with the recently announced #airesathletes program targeting professional athletes and elite performers.
“I am excited to join the board of American Aires, especially at a time when the company is gaining significant traction. After exploring the science behind their technology and personally witnessing its effects through my own EEG brain scan, I am convinced of its vast potential. With Josh Bruni’s leadership and strategic partnerships with groups like VaynerCommerce, we are poised for growth. The increasing visibility from elite athletes and performers, such as UFC champion Maycee Barber, underscores the growing recognition and potential for wider adoption. I am eager to use my expertise to help propel Aires into a new era of innovation and global impact,” said Jamie Cochran.
Jamie Cochran is a seasoned professional in e-commerce, particularly within the health and wellness segment, with over 15 years of experience leading online ventures to significant success and cumulatively driving sales of approximately US$1 billion. As the President of WoofWell, he has demonstrated a commitment to innovation and customer satisfaction, further enhancing his reputation as a strategic and visionary leader. Additionally, his advisory role at MD Medica showcases his ability to provide strategic insights, contributing to the company’s growth and service enhancement.
About American Aires Inc.
American Aires Inc. is a Canadian-based nanotechnology company committed to enhancing well-being and environmental safety through science-led innovation, education, and advocacy. The company has developed a proprietary silicon-based resonator that protect against the harmful effects of electromagnetic radiation (EMR). Aires’ Lifetune products target EMR emitted by consumer electronic devices such as cellphones, computers, baby monitors, and Wi-Fi, including the more powerful and rapidly expanding high-speed 5G networks. Aires is listed on the CSE under the ticker ‘WIFI’ and on the OTC Pink under the symbol ‘AAIRF’. Learn more at www.investors.airestech.com.
On behalf of the board of directors
| Company Contact:Josh Bruni, CEOWebsite: www.investors.airestech.com | Email: wifi@airestech.comTelephone: (415) 707-0102 |
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