RESAAS Appoints Technology Entrepreneur to the Board of Directors

RESAAS Services Inc. (CSE: RSS, OTCQX: RSASF), a cloud-based social business platform for the real estate services industry, is pleased to announce the appointment of Rob Bakshi to the company’s board of directors effective September 1, 2017.

Mr. Bakshi is a seasoned entrepreneur with a proven track record for developing innovative, high-growth and profitable technology companies. Most recently, Mr. Bakshi was President, CEO and Chairman of Apivio Systems Inc., a Canadian technology company that was listed on the TSX Venture Exchange until its acquisition by Nuri Telecom in May 2017. During his time at Apivio, Mr. Bakshi developed and executed a business strategy that increased the company’s annual revenue from $6M to nearly $60M, and transformed the company from a money-losing enterprise into a profitable business before its acquisition by Nuri.

“I’m pleased to join the RESAAS board and assist in management’s execution of its business plan,” stated Mr. Bakshi. “I’m excited about the company’s technology platform and I look forward to being a part of another local success story.”

Prior to leading Apivio to its acquisition, Mr. Bakshi was Co-Founder, President, CEO and Chairman of Silent Witness Enterprises Ltd., a technology company previously listed on the TSX and NASDAQ, where he successfully led the company’s growth strategy until its acquisition by Honeywell International Inc. (NYSE: HON) in 2003.

“RESAAS is pleased to be expanding the company’s board of directors once again with the addition of Rob Bakshi,” commented Cory Brandolini, Chairman of RESAAS. “As our company continues to grow in accordance with our strategic plan, it is important to continue to expand our board of directors to include someone like Rob who brings an immense amount of experience in running and advising publicly-traded technology companies in areas such as sales execution, operations, capital markets, and technology innovation.”

The appointment of Mr. Bakshi brings the number of directors of RESAAS to seven, the others being Mr. Brandolini (Chairman), Tom Rossiter (President and CEO), Cameron Shippit (CFO), Pierre Chadi, Adrian Barrett and J. Chris Morgando.