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OTTAWA, March 1, 2019 /CNW/ - Martello Technologies Group
Inc. (TSXV:MTLO) ("Martello" or the "Company"), a leading provider
of technology solutions that deliver clarity and control of complex
IT environments deployed in thousands of locations around the
world, announced today that it has it has granted an aggregate of
424,000 stock options, including 376,000 to two directors and one
officer of the Company, in accordance with the Company's incentive
stock option plan approved by Martello shareholders at the
Company's Annual General Meeting on October
18, 2018 (the "Stock Option Plan") . Martello grants stock
options as part of its strategy to incent and retain a strong team
that will drive growth. This stock option grant is subject to TSX
Venture Exchange approval.
Each Option is exercisable into one common share in the capital
of the Company (each, a "Share") at a price of $0.38 per Share, for a period of five years from
the date of grant. The Options will vest in equal annual
instalments over 36 months.
About Martello Technologies Group
Martello
Technologies Group Inc. (TSXV: MTLO) is a technology company that
provides clarity and control of complex IT infrastructures. The
company develops products and solutions that monitor, manage and
optimize the performance of real-time applications on networks,
while giving IT teams and service providers control and visibility
of their entire IT infrastructure. Martello's products include
SD-WAN technology, network performance management software, and IT
analytics software. 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
This press release does not constitute an offer of the
securities of the Company for sale in the
United States. The securities of the Company have not been
registered under the United States Securities Act of 1933, (the
"1933 Act") as amended, and may not be offered or sold within
the United States absent
registration or an exemption from registration under the 1933
Act.
This press release shall not constitute an offer to sell or
the solicitation of an offer to buy nor shall there be any sale of
the securities in any state in which such offer, solicitation or
sale would be unlawful.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
Cautionary Note Regarding Forward-Looking
Statements
The forward-looking statements contained in this news release
are made as of the date of this news release. Except as required by
law, the Company disclaims any intention and assume no 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 securities law. Additionally, the Company
undertakes no obligation to comment on the expectations of, or
statements made, by third parties in respect of the matters
discussed above.
SOURCE Martello Technologies Group