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A diverse set of international business veterans to lead the company
MIRAMAR, Fla., December 14, 2022 (GLOBE NEWSWIRE) – via NewMediaWire – Power Americas Resource Group Ltd. (OTC: PARG) (the “Company” or “PARG”), a publicly traded and fully reporting growth company commercializing its Digital Twin technology “Twin Infra” to the international construction industry, is pleased to announce that the Company has installed its initial executive management team.
Power Americas Resource Group is now a diverse group of proven international business leaders working together to realize the full potential of its technology and opportunities for the company and its shareholders.
Power Americas Resource Group is built on its new application of Digital Twin technology. A digital twin is a digital representation of a physical object, process or service. A digital twin is usually a digital replica of an object or project in the physical world, which can range from a simple engine to huge construction projects. Using digital twin technology, engineers, architects and more can virtually replicate processes or performance to gather data to predict how a physical project will perform.
Power Americas Resource Group’s executive leadership team includes Mr. Mark Croskery as Chief Executive Officer, President, Company Secretary and Company Director; Mr. Ramasamy Balasubramanian as Company Treasurer, Chief Financial Officer and Chairman of the Board of Directors; and Mr. Kirubakaran Candasamy as Chief Technology Officer and Director of the company. The company also intends to add additional board members in the near future as it pursues an IPO for seniors.
Croskeri has fifteen years of experience in financial services, wealth management, investment banking, private equity, financial advisory and consulting in Jamaica and the Caribbean, and as a trusted advisor to many businesses and individuals. He founded Croskeri Capital Limited in 2019, as a consultancy in Jamaica offering advisory services to high growth or distressed businesses and was central to the listing of the Jamaica Stock Exchange (JSE: JSE) in June 2013.
Since 2001 Balasubramanian is the Founder and Managing Director of KKMSOFT (P) LTD., Chennai, a technology integrator for the digital transformation of government, transport, infrastructure, construction, manufacturing and automotive enterprises, helping them achieve better productivity, profitability and service excellence. The company has many years of experience in providing services to around 5,000 customers in seven countries with consulting services for products, processes and automation and Industry 4.0 technologies.
Mr. Candasami has served as the Chief Technology Officer of KKMSOFT (P) LTD., Chennai since 2016. During his tenure at KKMSOFT, he provided technical leadership on frameworks and tools critical to organic growth while supporting organizational growth plans and digital transformation goals, driving the consulting division’s sales from $50,000 to $1 million while enabling the company’s overall growth to move from $1 million to $7 million in annual revenue.
“I am honored to serve as Chief Executive Officer of this talented, highly experienced team delivering the true opportunity that is the Power Americas Resource Group,” said Mark Croskery, Chief Executive Officer. “Mr. Balasubramanian and Mr. Candasamy are uniquely experienced and highly skilled, understanding both the underlying technology, its application and potential for scaling.”
“Together we are excited to see what the future holds for the company, its shareholders, and indeed, to build better by leveraging the efficiencies that Digital Twin Technology brings to the market.”
About Twin Infra:
Most project management software or digital twin solutions exist as disconnected silos to manage data at different stages of a building’s lifecycle. In contrast, Twin Infra provides a seamless yet modular platform from the design, construction, maintenance and facility management stages with deep integration with industry standard business solutions such as Autodesk solutions, ERP, MS project, SCM etc.
Twin Infra is implemented with the latest technologies such as AI/ML for project optimization, AI-based smart search, Blockchain for smart and secure contracts, robotic automation of enterprise software integration processes, Metaverse such as collaboration and project visualization, external integration with drone survey-based and many other systems on its open integration approach.
Deployment and deployment of the Twin Infra solution is extremely flexible with support for on-premise, private cloud and hosted environments with dynamic subscription licensing for large and small teams that is scalable to project needs
The company believes that Twin Infra will eventually become the universal platform for enterprises, contractors, architects, suppliers, vendors, compliance authorities and customers to come together in the Metaverse to efficiently do their work in a secure, productive and collaborative way.
ABOUT US:
Power Americas Resource Group Ltd. (PARG) is the owner of various proprietary assets and intellectual property, collectively known as “Twin Infra”. Twin Infra is a complete IT — SaaS solution for the construction/infrastructure industry based on the “Digital Twin” concept. A digital twin is a virtual representation of an object or system that spans its life cycle from concept to retirement. It manifests as an analytical/digital or 3D model and is updated from real-time data captured by humans or systems, fed from humans, systems, equipment or sensors to aid rationalization, decision making and optimization of construction, management processes or maintenance. The Twin Infra module is an integrated SaaS-based cloud platform for managing data models, people, processes and assets throughout the life cycle of a construction project. The Twin Infra module has project management, process management, project data management and predictive analytics features for forecasting and forecasting in all phases of construction/Infra from design to handover and maintenance. It runs on public, private and virtual cloud infrastructure and uses artificial intelligence for operational insights and efficiency.
SAFE HARBOR FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements that are based on current expectations, predictions and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated or anticipated, including statements that relating to the amount and timing of expected revenues related to our financial results, expected revenues, contracts and future growth for subsequent quarterly and annual periods. These risks and uncertainties are further defined in the Company’s filings and reports with the US Securities and Exchange Commission (SEC) and the OTC Disclosure & News Service (OTCDNS). Actual results and the timing of certain events could differ materially from those projected or anticipated by forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC and/or OTCDNS. Among other things, the Company may not be able to sustain growth or achieve profitability based on many factors including, but not limited to, the risk that we will be unable to find and secure construction contracts and the necessary assets to enable us to become profitable. . Reference is hereby made to the cautionary statements set forth in the Company’s most recent SEC and/or OTCDNS filings. We have incurred and will continue to incur significant expenses in our development phase, with the caveat that there can be no assurance that we will generate sufficient revenue to offset those expenses in both the short and long term. New lines of business in the construction industry may expose us to additional legal and regulatory costs and unknown exposures, the impact of which cannot be predicted at this time.
Words such as “estimate,” “project,” “anticipate,” “will,” “would,” “should,” “could,” “can,” “could,” “anticipate,” “plan,” ” intend, ” “believe,” “expect,” “goal,” “goal,” “goal,” “objective,” “likely” or similar expressions that convey the future nature of events or outcomes generally indicate forward-looking statements. Undue reliance should not be placed on these forward-looking statements, which speak only as of this press release. Except as required by law, we undertake no obligation to update, amend or withdraw any forward-looking statements, whether as a result of new information, future events or otherwise.
Company contact information:
Main executive offices:
3350 SW 148th Avenue
Apartment 203
Miramar, FL 33027
(888) 507-4751
www.poveramericas.net
info@poveramericas.net
Investor relations and financial media
Integriti Media Inc.
team@integritimedia.com
Toll free: (888) 216-3595
www.IntegritiMedia.com
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