Mark Jundt and Dan Philp will serve as co-executive directors of Lendway, Inc.

MINNEAPOLIS, MN / ACCESSWIRE / June 11, 2024 / Lendway, Inc. (NASDAQ:LDWY) (“Lendway”), a leading specialty agriculture and finance company (www.lendway.com), today announced the appointment of Mark R. Jundt and Daniel C. Philp as Co-Executive Directors, effective July 1, 2024.

“We are pleased that Mark and Dan have agreed to become co-CEOs,” said Nick Swenson, a member of the board of directors and representative of the Lendway shareholder group. “Bloomia, the Company’s majority-owned subsidiary, is led by a capable CEO and an 18% minority owner. We think he’s doing a spectacular job running his core business. At the corporate level, the Board believes that Lendway’s leaders must focus on administration, corporate governance and new strategic initiatives. Having two highly experienced M&A executives take on this shared role aligns skills with requirements. The board is very excited to have Mark and Dan leading us into the future.”

Mr. Jundt has been a member of our Board of Directors since November 2022 and its Chairman since August 2023. He also served as General Counsel and Corporate Secretary of Air T, Inc. since 2008. Mr. Jundt has extensive experience in corporate governance, mergers and acquisitions, and litigation.

Mr. Philp has served as a member of our Board of Directors since November 2022. He has also served as Senior Vice President of Corporate Development at Air T, Inc. since 2014. Mr. Philp played a key role in the Board’s oversight of the recent acquisition of Bloomia, BV. He has extensive experience in exploring new acquisition targets and other strategic initiatives.

Randy D. Uglem, current president and CEO of Lendway, has resigned and is expected to leave the company on July 1, 2024. “On behalf of the Board, I want to sincerely thank Randy for his excellent service during a period of significant change at Lendway,” he said Mr. Jundt. “Dan and I believe wholeheartedly in this company and are excited to lead Lendway in its next chapter of growth.”

About Lendway, Inc.
Lendway, Inc (NASDAQ:LDWY) is a specialty agriculture and finance company focused on making and managing agricultural investments in the U.S. and abroad. Lendway is the majority owner of Bloomia, one of the largest producers of fresh-cut tulips in the United States. Lendway also wholly owns and operates FarmlandCredit.com, a non-bank lending company that seeks to purchase existing loans and/or originate and finance new loans domestically. For additional information, please call (800) 874-4648 or visit our website at www.lendway.com. Investor inquiries can be sent to [email protected].

Alert Statement for Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995

Statements contained in this press release that are not statements of historical or current fact are considered forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. The words “anticipate,” “continue,” “expect,” “seek,” “will” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these or any forward-looking statements, which speak only as of the date of this press release. These forward-looking statements are based on current information that we have evaluated, which by its nature is dynamic and subject to rapid, even sudden, change. Forward-looking statements involve known and unknown risks, uncertainties and other factors, including those identified in our Annual Report on Form 10-K for the year ended December 31, 2023 and additional risks identified in our Quarterly Reports on Form 10-Q and our current reports on Form 8-K filed with the SEC. Such forward-looking statements should be read in conjunction with Lendway’s filings with the Securities and Exchange Commission (SEC). Lendway disclaims any responsibility to update forward-looking statements contained in this press release or the reasons why actual results may differ from those anticipated in such forward-looking statements, except as required by law.

CONTACT
Lendway limited liability company
Biz McShane, CFO
[email protected]

SOURCE: Lendway limited liability company

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