Coloured Ties Capital Welcomes New CFO: Harry Nijjar

Coloured Ties Capital Inc. (TSXV: TIE) (OTC Pink: APEOF) (FSE: 97A0) ("CTI" or the "Company") has announced a significant change in its executive leadership team with the appointment of Harry Nijjar as the new Chief Financial Officer (CFO). Nijjar succeeds Zara Kanji, who is leaving the company to pursue other ventures.

Harry Nijjar brings a wealth of experience to the role, having served as a Managing Director with Malaspina Consultants Inc. In this capacity, he provided CFO and strategic financial advisory services to clients across various industries. Nijjar holds a CPA CMA designation from the Chartered Professional Accountants of British Columbia and a BComm from the University of British Columbia. His extensive background in regulatory and financial environments makes him an excellent fit for the CFO position at CTI.

CEO Kal Malhi expressed gratitude to outgoing CFO Zara Kanji for her contributions to the company's management team and welcomed Harry Nijjar to the CTI team. Malhi stated, "We look forward to the addition of Harry to the CTI team and would like to thank Zara for her efforts as a valuable member of the Company's Management over the past years and wish her continued success in her other ventures."

The appointment of Harry Nijjar as the new CFO is expected to have a positive impact on the strategic financial direction of CTI. His experience in regulatory and financial environments, coupled with his CPA CMA designation and BComm from the University of British Columbia, positions him well to help CTI navigate complex financial landscapes and make informed financial decisions.

In the context of the high turnover rate among CFOs in major US companies, the departure of Zara Kanji could have potential implications for CTI's financial stability and investor confidence. However, the appointment of Harry Nijjar, with his extensive experience and expertise, is likely to help mitigate these potential impacts. As CTI continues to grow and expand its operations, the strategic guidance and financial acumen provided by Nijjar will be invaluable in maintaining a strong financial foundation for the company.

In conclusion, the appointment of Harry Nijjar as the new CFO of Coloured Ties Capital Inc. is a positive development for the company, given his extensive experience and expertise in regulatory and financial environments. As CTI continues to grow and expand, the strategic guidance and financial acumen provided by Nijjar will be crucial in maintaining a strong financial foundation and driving the company's long-term success.