TORONTO, Jan. 20, 2022 /CNW/ - Newtopia Inc.
("Newtopia" or the "Company") (TSXV: NEWU)
(OTCQB: NEWUF), a tech-enabled habit change provider focused on
preventing, slowing and reversing chronic disease,
today announced that it has engaged Stonegate Capital
Partners, Inc. ("Stonegate"), in conjunction with its
current investor relations firm, to raise awareness of the
Company's business and long-term growth story with a broader U.S.
audience.
"Newtopia looks forward to partnering with Stonegate to continue
to expand our investor communication efforts in the U.S." said
Jeff Ruby, Founder and CEO of
Newtopia. "The vast majority of Newtopia's revenues are derived
from innovative U.S. based health insurers. Following our quotation
on the OTCQB® Venture Market this past August, we believe now is
the right time to share our growth story more broadly in the U.S.
by leveraging Stonegate's expertise, in addition to continuing to
actively communicate with our longstanding Canadian
shareholders."
Pursuant to the terms of an advisory services agreement (the
"Agreement"), Stonegate will receive a month fee of
US$5,000 commencing on January 4, 2022. The Agreement has no fixed term
and may be terminated upon five days' written notice. The Agreement
is subject to the acceptance of the TSX Venture Exchange.
About Newtopia
Newtopia is a tech-enabled habit change provider focused on
disease prevention and reducing the cost of care for risk-bearing
entities like large, self-insured employers. As a provider of whole
person care, we prevent, slow and reverse the progression of
chronic disease while enriching mental health, resilience and
overall human performance. Newtopia's programs leverage genetic,
social and behavioral insights to create individualized prevention
programs with a focus on type-2 diabetes, heart disease, stroke and
weight. With a person-centered approach that combines virtual care,
digital tools, connected devices and actionable data science,
Newtopia delivers sustainable clinical and financial outcomes.
Newtopia serves some of the largest nationwide employers and health
plans and is currently listed in Canada on the Toronto Stock Exchange (TSXV:
NEWU) and is quoted in the U.S. on the OTCQB® Venture
Market (OTCQB: NEWUF). To learn more, visit
newtopia.com, Facebook, LinkedIn or Twitter.
About Stonegate Capital Partners
Stonegate Capital Partners will provide investor relations
services to the Company with a specific focus on the U.S. small-cap
institutional investment community. Stonegate Inc. is a 40-year-old
investor relations and research firm based in Dallas, Texas. Its research covers companies
in a variety of industries and is distributed to its wide network
of institutional high net worth investors. Stonegate's primary
focus is assisting small cap companies to achieve their capital
markets objectives and to both increase and strengthen their
institutional shareholder base across the
United States.
Forward-Looking Statements
This news release contains forward-looking information and
forward-looking statements, within the meaning of applicable
Canadian securities legislation, and forward looking statements,
within the meaning of applicable United
States securities legislation (collectively,
"forward-looking statements"), which reflects management's
expectations regarding Newtopia's future growth, results from
operations (including, without limitation, future production and
capital expenditures), performance (both operational and financial)
and business prospects and opportunities. Wherever possible, words
such as "predicts", "projects", "targets", "plans", "expects",
"does not expect", "budget", "scheduled", "estimates", "forecasts",
"anticipate" or "does not anticipate", "believe", "intend" and
similar expressions or statements that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative or grammatical variation thereof or
other variations thereof, or comparable terminology have been used
to identify forward-looking statements. All statements other than
statements of historical fact may be forward- looking information.
Such statements reflect Newtopia's current views and intentions
with respect to future events, based on information available to
Newtopia, and are subject to certain risks, uncertainties, and
assumptions. Material factors or assumptions were applied in
providing forward-looking information. While forward-looking
statements are based on data, assumptions and analyses that
Newtopia believes are reasonable under the circumstances, whether
actual results, performance or developments will meet Newtopia's
expectations and predictions depends on a number of risks and
uncertainties that could cause the actual results, performance and
financial condition of Newtopia to differ materially from its
expectations. Forward-looking statements are not a guarantee and
are based on a number of estimates and assumptions management
believes to be relevant and reasonable, whether actual results,
performance or developments will meet Newtopia's expectations and
predictions depends on a number of risks and uncertainties that
could cause the actual results, performance and financial condition
of Newtopia to differ materially from its expectations. Certain of
the "risk factors" that could cause actual results to differ
materially from Newtopia's forward-looking statements in this press
release include, without limitation: the termination of contracts
by clients, risks related to COVID-19 including various
recommendations, orders and measures of governmental authorities to
try to limit the pandemic, including travel restrictions, border
closures, non-essential business closures, quarantines,
self-isolations, shelters-in-place and social distancing,
disruptions to markets, economic activity, financing, supply chains
and sales channels, and a deterioration of general economic
conditions including a possible national or global recession; and
other general economic, market and business conditions and factors,
including the risk factors discussed or referred to in Newtopia's
disclosure documents filed with the securities regulatory
authorities in certain provinces of Canada and available at www.sedar.com,
including Newtopia's final long form prospectus dated March 30, 2020.
Should any factor affect Newtopia in an unexpected manner, or
should assumptions underlying the forward-looking information prove
incorrect, the actual results or events may differ materially from
the results or events predicted. Any such forward-looking
information is expressly qualified in its entirety by this
cautionary statement. Moreover, Newtopia does not assume
responsibility for the accuracy or completeness of such
forward-looking information. The forward-looking information
included in this press release is made as of the date of this press
release, and Newtopia undertakes no obligation to publicly update
or revise any forward-looking information, other than as required
by applicable law.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Newtopia Inc.