VANCOUVER, BC, Nov. 5, 2021 /CNW/ - Bitcoin Lightning Network
focused company, LQwD Fintech Corp. (TSXV: LQWD) (OTC:
LQWDF), announces that it has entered into an agreement with
Maynard Communications Limited ("Maynard") dated November 4, 2021, for various corporate
communications services at an aggregate cost of C$740,000. The activities commenced on
November 4, 2021 and will continue
for a period of six (6) months, renewable each month
thereafter.
"Branding, media relations and corporate awareness is of upmost
importance and a critical component of our business strategy as we
prepare to launch our suite of institutional grade products and
payment channels on the rapidly growing Bitcoin Lightning Network."
Commented Shone Anstey, CEO of LQwD Fintech Corp. "We selected
Maynard based on their proven success and they are a perfect fit to
help LQwD's ambitious goals of rapidly becoming one of the most
dominant global Lightning Network service providers."
The wide range of services to be provided by Maynard will
include search engine optimization, digital media campaigns for
branding, media relations consulting, general business development,
multimedia services and project management. Furthermore, in
anticipation of the coming launch of the Company's Lightning
Network payment and infrastructure solutions, a significant portion
of these efforts will be devoted to product and services
marketing/advertising.
Maynard is an arm's length consultant. To the knowledge of the
Company, Maynard did not acquire and has no plans to acquire any
securities in the Company. Neither the Company nor any of its
directors, officers or employees have any interest, directly or
indirectly, in Maynard, or their securities, or any right or intent
to acquire such an interest. Maynard manages a marketing team
headquartered in Hong Kong and has
been successfully marketing for a broad range of companies listed
on the TSX Venture Exchange. Karl
Marek is the President of Maynard.
About the Lightning Network
The Lightning Network is a solution to mass scaling the usage of
Bitcoin for microtransactions globally, dramatically improving upon
fees, as well as instant settlement times. The Lightning Network is
experiencing explosive growth since January
1, 2021 with node growth doubling and Bitcoin capacity
increasing 181% to September 30,
2021. Some well-known prominent companies such as
Jack Dorsey's Twitter and Square
have expressed their enthusiasm to incorporate Bitcoin Lightning
Network into their platforms.
About LQwD
LQwD is a Lightning Network Service Provider (LSP) focused
company developing payment infrastructure and solutions. The
Company's mission is to develop institutional grade services that
support the Lightning Network and drive improved functionality,
transaction capability, user adoption and utility and scaling
Bitcoin. LQwD also holds and acquires Bitcoin as an operating asset
establishing nodes and payment channels across the Lightning
Network.
Forward-Looking Statements
This news release contains "forward-looking information"
within the meaning of applicable securities laws relating to the
Company's business plans and the outlook of the Company's industry.
Although the Company believes, in light of the experience of its
officers and directors, current conditions and expected future
developments and other factors that have been considered
appropriate, that the expectations reflected in this
forward-looking information are reasonable, undue reliance should
not be placed on them because the Company can give no assurance
that they will prove to be correct. Actual results and developments
may differ materially from those contemplated by these statements.
The statements in this press release are made as of the date of
this release and the Company assumes no responsibility to update
them or revise them to reflect new events or circumstances other
than as required by applicable securities laws.
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 LQwD FinTech Corp.