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OTTAWA, Dec. 19, 2018 /CNW/ - Martello Technologies
Group Inc. (TSXV: MTLO), ("Martello" or the "Company"), a leading
provider of network performance management solutions for real-time
communications, announced today that it has retained the services
of Toronto-based Oak Hill
Financial to assist with investor relations activities. Martello
has selected Oak Hill Financial to enhance its visibility and
profile in the financial community, as the Company executes on its
'build and buy' growth strategy.
The agreement covers the three month period beginning
December 14th, 2018, and
includes Canadian investor relations advisory activities such as
booking and preparing Martello management for roadshows and
introducing potential investors to Martello. The services will be
principally provided by Jonathan
Robinson and Ron
Shuttleworth, both Partners at Oak Hill Financial. The total
cost of these activities over the term of this agreement is
$30,000. Oak Hill Financial is
located at 181 Bay Street, Suite 1030 in Toronto, and is owned by its two founders,
Anil Singh and Marc Raffoul. There
are no other shareholders.
Oak Hill Financial and Martello are not related parties and
operate at arm's length. Oak Hill
does not have interest in Martello's securities, directly or
indirectly, or any right or intent to acquire such an interest.
In 2018, following the completion of an oversubscribed
$7.5 million private placement,
Martello debuted as a public company on the TSX Venture Exchange.
This helps the company to continue and accelerate its strategic
acquisition strategy that commenced in 2014. On November 2, 2018, the company announced the
completion of its acquisition of Savision. This follows the
acquisitions of SD-WAN player Elfiq Networks in December 2017 and Netvitesse in 2014. The
Company's solutions have been widely acclaimed in the industry. In
September, Martello received a Frost & Sullivan Leadership
Award for NPM (Network Performance Management) and ranked as
Ottawa's Fastest Growing Company,
at No. 28 on the Growth 500 list of Canada's Fastest Growing Companies.
About Martello Technologies Group
Martello Technologies Group Inc. (TSXV: MTLO) delivers
confidence in network performance. Our solutions manage and
optimize the performance of real-time services on cloud and
enterprise networks and include network and IT performance
management software as well as SD-WAN technology. Over the top
(OTT) service providers and enterprises around the world rely on
Martello's technology to deliver better service quality and a
reliable user experience. Designed for real-time communications
such as voice and video, Martello's solutions detect, identify and
address network performance problems BEFORE service quality is
impacted. Martello Technologies Group is a public company
headquartered in Ottawa, Canada
with offices in Montreal,
Amsterdam, Paris, Dallas
and New York. Learn more at
http://www.martellotech.com.
FORWARD LOOKING STATEMENTS: This press release contains
forward-looking statements that address future events and
conditions, which are subject to various risks and
uncertainties. Actual results could differ materially from those
anticipated in such forward-looking statements as a result of
numerous factors, some of which may be beyond the Corporation's
control. These factors include: general market and industry
conditions, risks related to continuous operations and to
commercialization of new technologies and other risks disclosed in
the Corporation's filings with Canadian Securities Regulators.
Forward-looking statements are based on the expectations and
opinions of the Corporation's management on the date the statements
are made. The assumptions used in the preparation of such
statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance
should not be placed on forward-looking statements. The Corporation
expressly disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Neither the 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 Martello Technologies Group