AiAdvertising Announces CFO Transition in Preparation for Nasdaq Uplisting

Appoints Douglas Beck, CPA, as Chief Financial Officer

Veteran Financial Executive to Help Lead Next Phase of Company Growth

AiAdvertising, Inc. , an industry leader in AI-powered digital advertising solutions, announced the appointment of Douglas Beck, CPA, a seasoned finance and accounting executive, as Chief Financial Officer, replacing John Small as part of a planned transition given the company’s uplisting strategy and inflection point. Mr. Small will remain with the company for the near term to help facilitate the transition.

“On behalf of our board and management team, I would like to welcome Douglas to the position, and we are privileged to have someone of his caliber and financial skill set serve as our CFO”

Douglas Beck is a senior level finance executive with over 30 years of hands-on experience and an established record with public and private companies for strategic and financial planning, business development, mergers and acquisitions, and public equity markets. Prior to joining AiAdvertising, Mr. Beck was CFO of Shiftpixy, where he assisted in raising $10 million in equity and improved the company’s financial processes and SEC reporting. Previously, as CFO with Beyond Air Inc., he helped to uplist the company to the Nasdaq and strategized to execute on the company’s short and long-term goals for equity funding, creating a critical path to raise $75 million in equity and debt. He has also served as CFO with JLM Couture, Inc., Relmada Therapeutics, Inc., iBio, Inc., and Lev Pharmaceuticals, Inc., several of which he led through the going public process. Mr. Beck holds a Bachelor of Science Degree, Accounting, from Fairleigh Dickinson University, and is a Certified Public Accountant, New York.

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“On behalf of our board and management team, I would like to welcome Douglas to the position, and we are privileged to have someone of his caliber and financial skill set serve as our CFO,” said AIAD CEO Jerry Hug. “I would like to thank John for his contribution in leading us to this inflection point, and welcome Douglas’ capabilities in scaling companies and leading them through the public markets journey. His achievements as well as expertise in financial management of listed companies will make a significant contribution to the operation and development of our company going forward. With his leadership, he will also steer our capital markets and uplisting strategies.”

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Mr. Beck added, “I am excited to be appointed as CFO as we prepare AiAdvertising for the future and preparations to move forward towards a national exchange uplisting. I look forward to working with Jerry, the senior leadership team, and our finance team as we continue into this next phase and execute on our strategic and financial priorities, and our commitments to all shareholders.”