Parkit Enterprise Inc. appointed Brad Miller to the board of directors. Mr. Miller is President and owner of the AdvanTec Global Innovations group of companies specializing in marine and industrial manufacturing with a focus on clean tech manufacturing. Under the direction of the newly constituted board of directors, consisting of Brad Miller, Elie Norowitz, Brad Dunkley, David Delaney and Avi Geller, the company intends to aggressively pursue acquisitions in the parking related real estate space and increase its asset base.

Bryan Wallner, Parkit's CEO has tendered his resignation, effective September 30, 2018. Mr. Wallner has agreed to stay on through September 30, 2018 in order to assist the board with a smooth transition to new senior management. Effective September 30, 2018, Avi Geller and David Delaney will assume executive director roles at Parkit on an interim basis as the company searches for a new CEO.

Both David and Avi will be responsible for managing Parkit to ensure that value is realized from the company's current participation in the OP Holdings JV LLC as well as to pursue parking related real estate investments. Mr. Delaney has also been elected as Chairman of the board.