VANCOUVER, May 24, 2018 /CNW/ - Universal mCloud Corp.
(TSX-V: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company"), a leading
provider of Artificial Intelligence and Analytics ("AI&A") and
IoT-connected asset care technology, is pleased to announce that
its common shares have been approved for trading on the OTCQB
Venture Market ("OTCQB") in the United
States. The Company commenced trading under the symbol
"MCLDF", as announced by the OTC Markets Group ("OTC") on
May 18, 2018.
The OTCQB is a U.S. trading platform operated by the OTC,
located in New York. The OTC
operates financial markets for approximately 10,000 U.S. and global
securities. The OTCQB's high standards for quality and transparency
provide a strong and reliable platform for engaging with U.S.
investors.
"As mCloud gains recognition for its best-in-class Artificial
Intelligence and AI&A offerings, we are experiencing increased
interest from investors across North
America and other International markets," said Russel
McMeekin, President and CEO of mCloud. "Our listing on the OTCQB
allows for better access to the U.S. investment community, greater
international visibility, and improved liquidity."
The Company has also applied for DTC eligibility with The
Depository Trust Company, the largest securities depository in the
world. Upon receiving approval, the DTC eligibility would allow for
more efficient and economic trading of the Company's common shares
on the OTCQB.
The Company's common shares will continue to trade on the
Toronto Venture Exchange under the symbol "MCLD".
About Universal mCloud Corp.
Universal mCloud Corp. is
headquartered in Vancouver, BC
with technology and operations centers in San Francisco, CAand Bristol, PA. mCloud is an IoT connected asset
care cloud solution company utilizing connected IoT devices,
leading deep energy analytics, secure mobile and 3D technologies
that rally all asset stakeholders around an Asset-Circle-of-Care™,
providing complete real-time and historical data coupled with
guidance and advice based on deep analytics and diagnostics
resulting in optimal performance and care of critical equipment.
It's all about the asset. The powerful and secure AssetCare™
environment is accessible everywhere, 24/7 through standard mobile
devices, ruggedized headsets, and web browsers. For more
information, visit www.mCloudCorp.com.
Forward-Looking Information and Statements
This press
release contains certain "forward-looking information" within the
meaning of applicable Canadian securities legislation and may also
contain statements that may constitute "forward-looking statements"
within the meaning of the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Such
forward-looking information and forward-looking statements are not
representative of historical facts or information or current
condition, but instead represent only the Company's beliefs
regarding future events, plans or objectives, many of which, by
their nature, are inherently uncertain and outside of the Company's
control. Generally, such forward-looking information or
forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or may contain
statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "will continue", "will occur"
or "will be achieved". The forward-looking information contained
herein may include, but is not limited to, information concerning
the Offering (including the completion of any additional tranches
of the Offering) and the use of the proceeds raised under the
Offering.
By identifying such information and statements in this manner,
the Company is alerting the reader that such information and
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be
materially different from those expressed or implied by such
information and statements.
In connection with the forward-looking information and
forward-looking statements contained in this press release, the
Company has made certain assumptions. Although the Company believes
that the assumptions and factors used in preparing, and the
expectations contained in, the forward-looking information and
statements are reasonable, undue reliance should not be placed on
such information and statements, and no assurance or guarantee can
be given that such forward-looking information and statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information and
statements. The forward-looking information and forward-looking
statements contained in this press release are made as of the date
of this press release, and the Company does not undertake to update
any forward-looking information and/or forward-looking statements
that are contained or referenced herein, except in accordance with
applicable securities laws. All subsequent written and oral
forward- looking information and statements attributable to the
Company or persons acting on its behalf is expressly qualified in
its entirety by this notice.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Universal-mCloud Corp