AMPD Ventures Inc. (AMPD or the Company) announced that Markus Windelen has stepped down as a member of the board of directors of AMPD. In addition, the Company announced the appointment of Anthony Brown, Co-Founder and Chairman of the Board, as the Interim Chief Executive Officer (CEO) effective immediately. Mr. Windelen has served as a valuable member of the board of directors since 2018, and his contributions and insights have played a significant role.

The company expresses its sincere gratitude for Mr. Windelen's dedication and service to the organization and wishes him the best in his future endeavours. AMPD continues to explore structural changes while taking significant steps to reduce the burn, focus on the current growth opportunity with Departure Lounge and secure additional financing. Mr. Brown, co-ounder, and chairman, has stepped into the role of interim CEO.

Mr. Brown has maintained continuing involvement since originally stepping down as CEO and has been working diligently on identifying potential investors to secure the additional financing needed.