Effective May 2, 2018, Luke Wallace resigned as Chief Executive Officer and Brett Schnell, SpendSmart Networks, Inc.'s Chief Financial Officer was appointed as the Interim Chief Executive Officer. Mr. Wallace will serve as a consultant to the company on a month to month basis. Mr. Schnell will continue to act as Chief Financial Officer. Mr. Schnell was appointed the Chief Financial Officer of the company on March 4, 2016. Prior to this Mr. Schnell had been the Companys Corporate Controller from October 2012 to March 2016.