Axis Technologies Group Inc. (OTCMKTS:AXTG) Appoints Richard J Casinelli as Chief Financial Officer
Axis Technologies Group, Inc. (OTCMKTS:AXTG) has announced the appointment of Richard J Casinelli, as a chief financial officer (CFO) and principal financial officer, effective from June 8, 2022. It is a publicly-traded holding company that focuses on the promotion, development, management, and marketing of various aspects of businesses, which in turn revolves around decentralized finance (DeFi).
Market Stats
On Wednesday, AXTG stock moved up 4.46% at $0.0105 with more than 1.34 million shares, compared to its average volume of 680K shares. The stock moved within a range of $0.0101 – 0.0120 after opening trading at $0.0101.
Axis Technologies Group, Inc. (OTC Pink: AXTG) Announces Chief Financial Officer
Richard J Casinelli has almost four decades of US public accounting experience inclusive of auditing, tax compliance, and planning and financial reporting. He has previously served as Managing Director of MHC Advisors PC, which handles litigation support mergers and acquisitions. He is also the founder of Equity Search, Inc., an investment company started back in 2008. He has a strong background in distribution and marketing/sales displays too.
William TiEN, president and chief executive officer, is excited about Richard joining the team. He feels that Richard’s inputs will be of great value to the company, with his experience guiding them in the right direction. Being a veteran finance operator who provides traditional business finance experience and shares their values, they are delighted about Richard taking this crucial step as the company moves ahead in this new decentralized finance era. He will be instrumental in designing and implementing their global financing activities.
Key Quote
“Richard will added tremendous value to Axis Technologies Group and brings a depth of experience to the role,” said William TiEN, president and chief executive officer. “Richard is a veteran finance operator who provides traditional business finance experience and shares our values. We are excited to have Richard take this next step with us as we move the company forward in this new decentralized finance era. He will help design and implementation of the company’s global financing activities.”
Traders Corner
AXTG stock is trading below the 20-Day and 20-Day Moving averages of $0.0101 and $0.0119 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0296.