VANCOUVER, BC, March 30, 2021 /CNW/ - NEXE Innovations
Inc. ("NEXE" or the "Company") (TSXV: NEXE), a
leader in plant-based materials manufacturing, is pleased to
announce that it has engaged each of Gold Standard Media, LLC and
Electrik Dojo LLC to provide investor relations activities to the
Company. Due to the Covid-19 pandemic, the Company is unable
to raise awareness through in-person events and will use these
services to provide marketing and public awareness of the
Company.
The Company entered into an agreement with Gold Standard Media,
LLC ("GSM") dated December 17, 2020
to raise awareness for the NEXE brand among consumers and the
Company's shares among investors. The engagement is an
aggregate cost of CDN $350,000 (which
payment was made December 17,
2020). GSM also uses Future Money Trends and Portfolio Wealth
Global LLC for the purpose of these investor relations
activities. The activities commenced on January 4, 2021 and are for a period of one
year.
To the knowledge of the Company, GSM, Future Money Trends and
Portfolio Wealth Global LLC did not acquire any securities in the
Company. Nevertheless, Wallace Hill Partners Ltd. ("Wallace
Hill"), which is affiliated with GSM, purchased 1,100,000 units at
$0.80 per unit under the Company's
private placement financing completed in December 2020.
GSM manages a marketing team headquartered in Austin, Texas and has been successfully
marketing for a broad range of companies listed on exchanges from
the TSX Venture Exchange to the New York Stock Exchange since 2010.
GSM is controlled by Kenneth
Ameduri.
The Company also entered into an agreement with Electrik Dojo
LLC ("Electrik Dojo") dated December 21,
2020 to provide a native advertising agency that facilitates
market awareness of the Company. The engagement was initially
for USD $120,000 (which payment was
made on December 21, 2020) and
additional payments of USD $100,000
on each of January 7, 2021,
January 26, 2021, February 9, 2021 and February 24, 2021 for total payments of US
$520,000. Electrik Dojo
commenced services on December 21,
2020 and the native advertising services are provided on as
needed basis.
Electrik Dojo is a Delaware
company formed in 2017 and based out of Florida. Electrik
Dojo utilizes interactive offers for its ad technology platform and
dearwallstreet.com for editorial content. To the knowledge
the Company, Electrik Dojo nor any of its principals owns
securities of the Company.
As noted in the Company's filing statement dated November 30, 2020, the Company engaged Hybrid
Financial Ltd. to provide investor relations and digital marketing
services to the Company. The terms of such engagement remain
the same and have not been amended by either party.
The Company engaged GSM and Electrik Dojo prior to obtaining
acceptance by the TSX Venture Exchange. The Company is
currently addressing these deficiencies and will make the
applicable fillings shortly.
About NEXE Innovations Inc.
NEXE Innovations Inc. (TSXV:NEXE) is a leader in
plant-based compostable technology and advanced materials
manufacturing based in British Columbia,
Canada. The company has developed one of the only patented,
fully compostable, plant-based, single-serve coffee pods for use in
leading single-serve coffee machines. The proprietary NEXE pod is
designed to reduce the significant environmental impact caused by
single-serve pods, >40 billion of which are discarded
every year. With over $35M raised to
date from equity and government funding and over five years of
R&D, NEXE is well-positioned to meet the growing demand for
environmentally friendly and sustainable products in the
single-serve coffee sector and beyond.
Neither the TSX Venture Exchange nor its Regulation
Service Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Social Media
https://twitter.com/nexeinnovations
https://www.facebook.com/nexeinnovations
https://www.linkedin.com/company/nexeinnovations
https://www.instagram.com/nexeinnovations
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this release are forward-looking
statements or information, which include the proposed use of
proceeds, commercialization of the NEXE PODs, including the NEXE
Nespresso Compatible Pod, development of the NEXE Mask, and
increase production capacity, create other environmentally friendly
compostable packaging opportunities, development of technologies,
the potential of the Company's technology, future plans, regulatory
approvals and other matters. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such information can generally be identified by the use of
forwarding-looking wording such as "may", "expect", "estimate",
"anticipate", "intend", "believe" and "continue" or the negative
thereof or similar variations. The reader is cautioned that
assumptions used in the preparation of any forward-looking
information may prove to be incorrect. Events or circumstances may
cause actual results to differ materially from those predicted, as
a result of numerous known and unknown risks, uncertainties, and
other factors, many of which are beyond the control of the Company,
including but not limited to, business, economic and capital market
conditions, the ability to manage operating expenses, consumer
demand for and sentiment towards the Company's products, security
threats, and dependence on key personnel. Such statements and
information are based on numerous assumptions regarding present and
future business strategies and the environment in which the Company
will operate in the future, including the demand for its products,
anticipated costs, and the ability to achieve goals. Factors that
could cause the actual results to differ materially from those in
forward-looking statements include, failure to obtain regulatory
approval, the continued availability of capital and financing,
equipment failures, litigation, increase in operating costs, the
impact of Covid-19 or other viruses and diseases on the Company's
ability to operate, competition, failure of counterparties to
perform their contractual obligations, government regulations, loss
of key employees and consultants, and general economic, market or
business conditions. Forward-looking statements contained in
this news release are expressly qualified by this cautionary
statement. The reader is cautioned not to place undue reliance on
any forward-looking information.
The forward-looking statements contained in this news release
are made as of the date of this news release. Except as
required by law, the Company disclaims any intention and assumes no
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise.
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SOURCE Nexe Innovations Inc.