Bitcoin Well (TSXV: BTCW) (“
Bitcoin
Well” or the “
Company”), a technology
company building and utilizing products that offer safe and easy
ways to buy, sell and use bitcoin, is pleased to announce that the
Company has expanded our ongoing investor relations and capital
markets engagement programs with several key internal and external
appointments. These include the appointment of a new, in-house
Director of Investor Relations along with the engagement of Hybrid
Financial Ltd. (“
Hybrid”), providing support for
investor relations and capital markets initiatives; North Equities
Corp. (“
North Equities”) to deliver social media
and investor engagement strategies; and TSM Talk Shop Media Inc.
(“
Talk Shop”), providing support for the Company’s
public and media relations efforts.
“Since listing on TSXV in July of this year, we
have continued to expand our in-house capabilities, including
adding to our talented team of professionals to set the stage for
anticipated rapid growth, while remaining active with acquisitions,
continued ATM deployment, and ongoing software development,” said
Adam O’Brien, CEO of Bitcoin Well. “The addition of Myles as our
in-house IR Director, and the engagement of Hybrid and North
Equities which both have significant experience working with other
public companies in the bitcoin and cryptocurrency industry, will
add valuable capital markets and external communications expertise
to supplement our existing investment community strategy. Bitcoin
Well anticipates being quoted on the OTC Pink Markets in the US in
the near future, and will explore obtaining a full listing on OTCQB
subsequently. These additions will add tremendous firepower to
enhance exposure to US and global investors."
Director of Investor Relations
Appointment
Bitcoin Well is very pleased to welcome Mr.
Myles Dougan as our new Director of Investor Relations, who joins
us this week and will initially be based out of our office in
Calgary. Myles has over 16 years of hands-on strategic and tactical
investor relations expertise, having worked with a number of large,
publicly-traded companies on both Canadian and US exchanges,
including ATCO Ltd., Nexen Inc., AltaGas Ltd., and TC Energy and TC
Pipelines, LP. As a strategic storyteller, Myles has a passion for
pitching value propositions to investors and other stakeholders,
complemented by a deep knowledge of capital markets and extensive
global network of public equity and debt investor contacts. He has
a proven track record of developing, advising and executing
investor communication strategies, along with financial valuation
acumen and broad understanding of public disclosure requirements.
The team at Bitcoin Well is excited to welcome Myles and will be
able to leverage both his IR strengths along with his ability to
coach executives and colleagues to help them realize their peak
potential in public speaking and investor interactions. To sign up
for our Investor Newsletter, please click here.
Expanding our Market Reach with the
Engagement of Hybrid, North Equities and Talk Shop
Bitcoin Well has retained Hybrid Financial Ltd.
The service provided by Hybrid to the Company is a database of
Registered Financial Professionals in North America. Hybrid is
not promoting the specific purchase or sale of securities. It
provides its database, technology, and call centre services to
enable the issuer to disseminate its information to Financial
Professionals only. Hybrid connects issuers to the investment
community across North America. Using a data driven approach,
Hybrid provides its clients with comprehensive coverage of both
American and Canadian markets. Hybrid Financial has offices in
Toronto and Montreal.
Hybrid provides its services directly to Bitcoin
Well. Hybrid has agreed to comply with all applicable securities
laws and the policies of the TSX Venture Exchange (the “TSXV”) in
providing the Services.
Hybrid has been engaged by Bitcoin Well for an
initial period of 12 months (the “Initial Term”)
ending on November 15, 2022 (the “Agreement”)
which shall be renewed automatically for successive six month
periods thereafter, unless terminated by the Company. Hybrid will
be paid a monthly fee of $22,500, plus applicable taxes, during the
Initial Term. Hybrid has no interest, directly or indirectly in the
Company or its securities, and acts at arm’s length to the Company.
The appointment of Hybrid remains subject to regulatory acceptance
of applicable filings with the TSX Venture Exchange (“TSXV”).
Bitcoin Well has also entered into a consulting
and investor engagement agreement with North Equities (the
“North Equities Agreement”) pursuant to which
North Equities will work with Bitcoin Well to support our ongoing
social media and investor engagement strategies, bringing together
strong market awareness of Bitcoin Well among our target audiences,
including customers, investors, regulators, other stakeholders and
the general public. Under the terms of the North Equities
Agreement, Bitcoin Well will pay North Equities $200,000 CAD + GST
to be paid as follows: (i) half at commencement of the contract,
provided that such initial payment shall only be due upon
confirmation of approval of the appointment of North Equities from
the TSXV and half of the payment due after a period of six months.
In addition, Bitcoin Well agreed to grant North Equities 550,000
options to purchase the Company’s common shares (the
“Options”). The Options will be exercisable at a
price of $0.255 per common share for a period of five years, are
subject to the Company’s stock option plan and will vest in
accordance with the provisions therein and the policies of the
TSXV. Prior to entering into the North Equities Agreement, North
Equities had no interest, directly or indirectly, in the Company or
its securities and acted at arm’s length to the Company. The
appointment of North Equities as an investor relations consultant
of the Company, and the granting of the Options, remain subject to
regulatory acceptance of applicable filings with the TSXV.
Bitcoin Well is thrilled to be working with the
talented team at Talk Shop to support our ongoing public relations
and media relations strategies, enhancing awareness of Bitcoin Well
in the media and to our target audiences. Talk Shop has earned a
reputation for delivering cutting-edge public relations programs
across multiple sectors with expertise rooted in traditional public
and media relations, thought leadership, media training and speaker
training. Bitcoin Well is keen to continue establishing our team as
a leading voice in the bitcoin and fintech sectors, building our
CEO and executive profiles by offering expertise and insights that
can guide consumers into the future. Through our agreement with
Talk Shop, we will seek to leverage their expertise in embracing
innovation, starting conversations and executing a strategic
approach to gaining PR and exposure that can translate into regular
commentary and coverage within media, as well as speaking
opportunities at leading industry forums.
About Bitcoin Well
Bitcoin Well offers convenient, secure, and
reliable ways to buy and sell bitcoin through a trusted Bitcoin
services network. The Company is the first publicly traded Bitcoin
ATM company in the world (based on management’s assessment of
publicly available data), with an enterprising consolidation and
expansion strategy to deliver accretive and cost-effective
expansion in North America and globally. Management of Bitcoin Well
brings deep operational capabilities with a combined 20+ years
experience in the bitcoin industry. Bitcoin Well is on a mission to
shift the relationship that society has with money by offering an
ecosystem of products and services that make bitcoin accessible and
understood. This mission includes a three pillared approach:
1) non-custodial
financial offerings (both in-person and
online) 2) technology
development, including SaaS and internal technology developments
through Ghostlab, the technology arm of the
business 3) educational
resources designed with the needs of both their customers, and the
industry, in mind.Follow us on LinkedIn, Twitter, YouTube, Facebook
and Instagram to keep up to date with our business. Sign up for our
Investor targeted newsletter here.
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.
Forward-Looking Information
Certain statements contained in this press
release constitute forward-looking information under applicable
securities laws, rules and regulations, including, without
limitation, statements with respect to acceptance by the TSXV of
the engagement of Hybrid and North Equities as investor relations
consultants. and grant of the Options to North Equities. These
statements relate to future events or future performance. The use
of any of the words "could", "intend", "expect", "believe", "will",
"projected", “estimated”, “anticipated” and similar expressions and
statements relating to matters that are not historical facts are
intended to identify forward-looking information and are based on
Bitcoin Well’s current belief or assumptions as to the outcome and
timing of such future events. There can be no assurance that such
statements will prove to be accurate. Actual future results may
differ materially. Various assumptions or factors are typically
applied in drawing conclusions or making the forecasts or
projections set out in forward-looking information. Those
assumptions and factors are based on information currently
available to Bitcoin Well. The forward-looking information
contained in this release is made as of the date hereof and Bitcoin
Well undertakes no obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise, except as required by
applicable securities laws. Because of the risks, uncertainties and
assumptions contained herein, investors should not place undue
reliance on forward-looking information. The foregoing statements
expressly qualify any forward-looking information contained
herein.
Contact Information For
investor information, please contact:
Bitcoin Well10142 82 Avenue NWEdmonton, AB T6E
1Z4investors.bitcoinwell.com
Adam O’Brien, President & CEO or
Dave Bradley, Chief Revenue OfficerTel: 1 888 711
3866 ir@bitcoinwell.com
Myles Dougan, Director of Investor
RelationsTel: 587 982 2769m.dougan@bitcoinwell.com
For media queries and further information, please contact:
Karen Smola, Director of MarketingTel:
587-735-1570k.smola@bitcoinwell.com
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