/NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE
SERVICES/
-CES is one of the largest annual trade shows
in the U.S. that hosts presentations for industry-leading products
and innovations in the global tech industry-
MONTRÉAL, Dec. 8, 2021 /CNW/ -
Hapbee Technologies, Inc. (TSXV: HAPB) (OTCQB: HAPBF) (FSE: HA1)
("Hapbee" or the "Company"), the Canadian-based
wearable, wellness technology company and creator of the Hapbee
headband is pleased to announce its participation in the upcoming
2022 Consumer Electronics Show ("CES") in Las Vegas, from January
5 to January 8, 2022.
CES is hosted annually by the Consumer Technology Association
and represents one of the largest U.S. tech trade shows. The event
invites companies across multiple industry verticals such as
artificial intelligence, extended reality, gaming, NFTs, digital
health and more, to showcase their latest innovations and products.
More than 1,800 firms worldwide with featured exhibitors including
Google, Bosch, General Motors, and Nikon as well as hundreds of
thought leaders will be participating in CES 2022.
Hapbee will be exhibiting new blends and devices that will be
launched in 2022 at the event to provide attendees and media
agencies from across the world who are interested in innovations
within the wellness technology space, with exposure to the
Company's products. Additionally, Hapbee plans to leverage CES 2022
to expand its growing retail and dealer network, secure technology
and wellness partnerships, and advance its international expansion
strategy.
"Given that CES is one of the biggest and most anticipated
events in the tech space, we are excited to exhibit our latest
blends and devices that are currently in development at CES 2022,"
said Yona Shtern, CEO of Hapbee.
"The CES event will provide us with the opportunity to increase our
brand awareness in front of a global audience. Our current focus is
to rapidly scale up the delivery of our devices to new users and we
are eager to showcase how our state-of-the-art technology can help
people enhance their wellness at this event."
Members of Hapbee's executive team will be present at CES 2022
and visitors can meet them to learn more about the Company and its
products at the Wellness Pavilion – Booth 8107, inside the North
Hall of the Las Vegas Convention
Center from January 5 to January 8,
2022.
Private Placement
Hapbee is also pleased to announce that the TSX Venture Exchange
(the "Exchange") has granted a 30-day extension of to close
the second tranche of the Company's previously announced upsized
non-brokered private placement ("Offering"). Closing of the
Offering remains subject to the approval of the Exchange.
The net proceeds from the Offering will be used for product
development, business development, working capital and general
corporate purposes.
For more information about the Offering, please see the
Company's press releases dated November 5,
2021, November 10, 2021, and
November 25, 2021, which are
available under the Company's SEDAR profile at www.sedar.com.
Closing of the Offering is expected to occur in December 2021.
About Hapbee
Canadian-based Hapbee is a wearable wellness technology company
that aims to help people enhance how they feel. Powered by patented
ultra-low radio frequency energy (ulRFE®) technology, Hapbee
delivers low-power electromagnetic signals designed to produce
sensations such as Happy, Alert, Focus, Relax, and others. The
Company has offices in Montreal,
Vancouver, Seattle and Phoenix.
Hapbee is available for purchase at Hapbee.com.
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.
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. The securities being offered have not been, nor
will they be, registered under the 1933 Act and may not be offered
or sold in the United States
absent registration or an applicable exemption from the
registration requirements of the 1933 Act, as amended, and
application state securities laws.
Forward-Looking Information
Certain statements in
this news release may constitute "forward-looking information"
within the meaning of applicable securities laws (also known as
forward-looking statements). Forward-looking information involves
known and unknown risks, uncertainties and other factors, and may
cause actual results, performance or achievements or industry
results, to be materially different from any future results,
performance or achievements or industry results expressed or
implied by such forward-looking information. Forward-looking
information generally can be identified by the use of terms and
phrases such as "anticipate", "believe", "could", "estimate",
"expect", "feel", "intend", "may", "plan", "predict", "project",
"subject to", "will", "would", and similar terms and phrases,
including references to assumptions. Some of the specific
forward-looking information in this news release includes, but is
not limited to, statements with respect to: Hapbee's
participation in CES and the intended benefits of such
participation; Hapbee being able to complete the Offering; the
timing of the closing of the second tranche of the Offering; and
the use of net proceeds from the Offering.
Forward-looking information is based on a number of key
expectations and assumptions made by Hapbee, including, without
limitation: the COVID-19 pandemic impact on the Canadian and global
economy and Hapbee's business, and the extent and duration of such
impact; Hapbee's ability to participate in CES as intended and
complete the second tranche of the Offering; no material change
will occur before Hapbee is able to complete the Offering; no
change to laws or regulations that negatively affect Hapbee's
business; there will be a demand for Hapbee's services and products
in the future; all necessary approvals will be received and all
conditions will be satisfied or waived; and Hapbee will be able to
operate its business as planned. Although the forward-looking
information contained in this news release is based upon what
Hapbee believes to be reasonable assumptions, it cannot assure
investors that actual results will be consistent with such
information.
Forward-looking information is provided for the purpose of
presenting information about management's current expectations and
plans relating to the future and readers are cautioned that such
statements may not be appropriate for other purposes.
Forward-looking information involves significant risks and
uncertainties and should not be read as a guarantee of future
performance or results as actual results may differ materially from
those expressed or implied in such forward-looking information.
Those risks and uncertainties include, among other things, risks
related to: that Hapbee will be able to complete its business
objectives as anticipated; the ability for Hapbee and its
executive team to travel to and participate at CES; the impacts of
the COVID-19 pandemic on the Canadian and global economy, Hapbee's
industry and its business, which may negatively impact, and may
continue to negatively impact, Hapbee and may materially adversely
affect its investments, results of operations, financial condition
and Hapbee's ability to obtain additional equity or debt financing,
and satisfy its financial obligations; the ability for Hapbee to
close the Offering; the ability for Hapbee to continue to list its
shares on the Exchange or another exchange; circumstances may
change resulting in the use of proceeds; general economic
conditions; future growth potential; prices of its securities;
liquidity; tax risk; tax laws currently in effect remaining
unchanged; ability to access capital markets; environmental
matters; and changes in legislation or regulations. Management
believes that the expectations reflected in the forward-looking
information contained herein are based upon reasonable assumptions
and information currently available; however, management can give
no assurance that actual results will be consistent with such
forward-looking information.
The forward-looking information contained herein is expressly
qualified in its entirety by this cautionary statement.
Forward-looking information reflects management's current beliefs
and is based on information currently available to Hapbee. The
forward-looking information is stated as of the date of this news
release and Hapbee assumes no obligation to update or revise such
information to reflect new events or circumstances, except as may
be required by applicable law.
SOURCE Hapbee Technologies Inc.