TIDMNFXT 
 
[image] 
 
N E W S R E L E A S E 
 
Looking Glass Labs Files Financial Statements for Third Quarter Ended 30 April 
2023 
 
Vancouver, British Columbia - 14 June 2023 / Cision / - Looking Glass Labs Ltd. 
("LGL" or the "Company") (NEO: NFTX) (AQSE: NFTX) (OTC: LGSLF) (FRA: H1N), 
announces its financial results for its third quarter ended 30 April 2023. The 
Company's interim consolidated financial statements for the interim period ended 
30 April 2023, as well as its accompanying management discussion and analysis 
have been filed on under the Company's profile on SEDAR at www.SEDAR.com. 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by 
virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in 
accordance with the Company's obligations under Article 17 of MAR. 
 
The Directors of Looking Glass Labs take responsibility for this announcement. 
 
ABOUT LOOKING GLASS LABS 
 
Headquartered in Vancouver, British Columbia, Looking Glass Labs ("LGL") 
specialises in consumer engagement applications to leverage immersive metaverse 
environments, play-to-earn tokenisation and blockchain monetisation strategies. 
Its leading brand, House of Kibaa ("HoK"), designs and curates a next generation 
metaverse for 3D assets, which allows functional art and collectibles to exist 
simultaneously across different NFT blockchain environments. 
 
On behalf of LOOKING GLASS LABS LTD. 
 
"Dorian Banks" 
 
Dorian Banks, Chief Executive Officer 
 
For further information, please contact: 
 
Dorian Banks 
 
Toll-Free: +1 833 LGL-NFTX (833-545-6389) 
 
Email: info@lgl.io 
 
Novum Securities Limited, AQSE Corporate Adviser 
 
David Coffman/ George Duxberry 
 
Tel: +44 (0)207 399 9400 
 
Forward-Looking Information 
 
This news release contains "forward-looking statements." Statements in this news 
release that are not purely historical are forward-looking statements and 
include any statements regarding beliefs, plans, expectations, or intentions 
regarding the future. Such forward-looking statements include, among other 
things: the continued development of Pocket Dimension, development of immersive 
metaverse environments, play-to-earn tokenization and blockchain monetization 
strategies; pursuing partnerships to monetize blockchain and Web3 opportunities; 
and the near-term projects and future projects. 
 
The material assumptions supporting these forward-looking statements include, 
among others, that: the Company could mitigate the risks associated with the 
blockchain and NFT industry; the ability to compete with other businesses in the 
NFT market; the availability of sufficient funding to carry out the Company's 
business development plans; favourable market conditions; the ability of HoK to 
sell all or substantially all of its product offerings; and the market 
acceptance for its products. 
 
Although management considers these assumptions to be reasonable based on 
information currently available to it, they may prove to be incorrect. These 
forward-looking statements are only predictions and involve known and unknown 
risks, uncertainties and other factors, including: the continued growth and 
adoption of NFT and metaverse offerings by the consumer market; the cost of 
developing and designing NFTs and metaverses is economically viable; the Company 
being able to attract and retain a sufficient workforce with desired skillsets 
to develop the Company's NFT and metaverse offerings; the availability of 
offerings provided by third-parties in the NFT, metaverse development and online 
gaming market to identify potential transactions; the increasing adoption of 
NFTs as a solution for various online gaming, entertainment and collectible 
uses; the Company having the ability to mitigate the risks associated with the 
blockchain and NFT industry; and the ability to compete with other businesses in 
the NFT, metaverse development, content creation and collectibles market. 
 
Although management considers these assumptions to be reasonable based on 
information currently available to it, they may prove to be incorrect. These 
forward-looking statements are only predictions and involve known and unknown 
risks, uncertainties and other factors, including: the risk that the Company's 
offerings are not accepted by the consumer, the risk that other competitors may 
offer similar digital offerings; the risk that there may be negative changes in 
general economic and business conditions; the risk that the Company may have 
negative operating cash flow and not enough capital to complete the development 
of any of its technologies; the risk that the Company may not be able to obtain 
additional financing as necessary; the risk that there may be increases in 
capital and operating costs; the risk that the NFT technology may be subject to 
fraud and other failures; the risk that there may be technological changes and 
developments in the blockchain that make the NFT solutions obsolete; risks 
relating to regulatory changes or actions which may impede the development or 
operation of the blockchain solutions; the risk that other competitors may 
release similar blockchain offerings; the potential future unviability of the 
NFT market in general; the volatile cost of the amount of computational effort 
required to execute specific operations on the blockchain, and other general 
risks involved in the blockchain solutions. 
 
Risks and uncertainties about the Company's business are more fully discussed in 
the Company's disclosure materials, including its reports filed with the 
Canadian securities regulators and which can be obtained from www.sedar.com. 
 
Any of these risks may cause the Company's actual results, levels of activity, 
performance or achievements to be materially different from any future results, 
levels of activity, performance or achievements expressed or implied by these 
forward-looking statements. Further, although the Company has attempted to 
identify factors that could cause actual results, levels of activity, 
performance or achievements to differ materially from those described in forward 
-looking statements, there may be other factors that cause results, levels of 
activity, performance or achievements not to be as anticipated, estimated or 
intended. These forward-looking statements are made as of the date of this news 
release, and the Company assumes no obligation to update the forward-looking 
statements, or to update the reasons why actual results could differ from those 
projected in the forward-looking statements, except as required by applicable 
law, including the securities laws of the United States and Canada. Although the 
Company believes that any beliefs, plans, expectations and intentions contained 
in this news release are reasonable, there can be no assurance that any such 
beliefs, plans, expectations or intentions will prove to be accurate. The 
Company does not assume any liability for disclosure relating to any other 
company mentioned herein. 
 
SOURCE: LOOKING GLASS LABS LTD. 
 
 
This information was brought to you by Cision http://news.cision.com 
The following files are available for download: 
https://mb.cision.com/Public/22489/3787560/9c214f92e4bb4891_org.png 3787560_0.png 
 
 
END

(END) Dow Jones Newswires

June 15, 2023 02:01 ET (06:01 GMT)