FORT LAUDERDALE, Fla., May 05, 2022 (GLOBE NEWSWIRE) -- Aluf Holdings, Inc. ("AHIX") ("Aluf") (OTC PINK: AHIX) is a holding company headquartered in Fort Lauderdale, FL, engaged in acquiring, operating, and managing subsidiaries in the development and sale of proprietary software, bringing to market advanced technologies and business management solutions, today announced that Sam M. Jakobs has been named as Chief Executive Officer. Teresa McWilliams, who has been acting Chief Executive Officer as well as Chief Financial Officer for the last twenty-four months will continue as Chief Financial Officer. Mr. Jakob's employment with Aluf commenced May 1, 2022.

Jakobs has more than 35 years of senior management experience, including more than a decade of strategic business development. He has been a key member of the management teams of several highly recognized companies such as North Fork Bank (now Capital One Bank), HSBC Bank, Morstan Insurance Agency (Brown & Brown Inc.), and National Institute of Financial Services. He has held positions as Vice President, Director, and Senior Vice President.

"Sam is the right leader at the right time for Aluf," said Don Bennett, Aluf's Chairman of the Board. "Sam's extensive background and business development skills will position Aluf to expand its business model while staying true to its core strategies. Together these are designed to generate revenue for Aluf and increase shareholder value, all while having a powerful impact on the business community."
In addition to his robust financial and operations experience, Mr. Jakobs has successfully developed multiple business-to-business concierge programs having a reach of over 500,000 business owners and community members. Jakobs is also in development of an innovative proprietary technology driven platform/system that expands upon his original business-to-business programs.

About Aluf Holdings, Inc.:
Aluf Holdings, Inc. is a publicly traded holding company whose core competency is to acquire, manage and propel "Next Gen" technology companies into the future. Our focus includes the Biometric, Blockchain, Cybersecurity, AI, Computer Vision, and Software/Hardware verticals.

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Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.

Corporate Contact:
Aluf Holdings, Inc.
Teresa McWilliams
Chief Financial Officer
866-793-1110