VANCOUVER, BC, July 15,
2022 /CNW/ - Principal Technologies Inc. (the
"Company") (TSXV: PTEC.P), which is building a diverse portfolio of
investments in healthcare technologies companies, is pleased to
provide this corporate update to shareholders.
The Company is in the process of securing partnerships with
international healthcare and med-tech associations in order to
expand awareness and further strengthen the foothold of Principal
Technologies in the healthcare community.
We are also expanding our advisory board by adding high profile
individuals from the fields of healthcare, technology as well as
business and finance, such as Geri
Rainer - among others former CEO of one of the largest
Swiss Private Banks and trustee on several international multi
billion dollar trusts. More information on him and other new
advisory board members will be provided soon.
The Company is furthermore currently negotiating with several
international target companies which we have identified with unique
technologies and global growth potential that have an IP capable of
enhancing medical treatment quality, cost efficiency and
optimization of the patient pathway.
We are also pursuing additional financing opportunities.
In the meantime our portfolio companies, E&E CRO consulting
as well as Vision Surgery AI, are performing above
expectations. These investments are further described in our
news releases dated July, 8, 2021 and March
10, 2022.
We will provide more in depth information on all the above items
in due course.
About Principal Technologies
Inc.
Principal Technologies Inc. (TSXV:PTEC.P), is building a
diverse portfolio of investments in healthcare technology companies
with a focus on those with global distribution potential, that have
achieved regional success. Principal Technologies will also focus
on companies that have IP capable of enhancing medical treatment
quality and efficiency, cost efficiency, optimization of the
patient pathway, and implementation of point of care technologies.
In addition to providing growth capital, the company also aims to
support the growth of its portfolio with the expertise of its
management team, board, and advisers.
Learn more: https://principal-technologies.com/
ON BEHALF OF THE BOARD OF DIRECTORS:
For investor inquiries or further information, please
contact:
Jerry Trent, Chief Executive Officer
Principal Technologies Inc.:
Office@principal-technologies.com
Cautionary Note Regarding Forward-Looking Information
This news release contains statements which constitute
"forward-looking statements" and "forward-looking information"
within the meaning of applicable securities laws (collectively,
"forward-looking statements"), including statements regarding
the plans, intentions, beliefs and current expectations of the
Company with respect to future business activities and operating
performance. Forward-looking statements are often identified
by the words "may", "would", "could", "should", "will", "intend",
"plan", "anticipate", "believe", "estimate", "expect" or
similar expressions and includes information regarding: (a)
expectations regarding whether the Transaction will be consummated
including whether the conditions to the consummation of the
Transaction; (b) the timing for completing the Transaction,
if at all, and the conditions to such transaction; and (c)
expectations for other economic, business, and/or competitive
factors.
Investors are cautioned that forward-looking statements are
not based on historical facts but instead reflect the
Company's management's expectations, estimates or projections
concerning future results or events based on the opinions,
assumptions and estimates of management considered reasonable at
the date the statements are made. Although the Company
believes that the expectations reflected in such forward looking
statements are reasonable, such statements involve risks and
uncertainties, and undue reliance should not be placed
thereon, as unknown or unpredictable factors could have material
adverse effects on future results, performance or
achievements of the resulting issuer. Among the key factors that
could cause actual results to differ materially from those
projected in the forward-looking statements are the following:
the ability to consummate the Transaction; the ability to
obtain requisite regulatory and shareholder approvals and the
satisfaction of other conditions to the consummation of the
Transaction on the proposed terms and schedule; the potential
impact of the announcement or consummation of the Transaction on
relationships, including with regulatory bodies, employees,
suppliers, customers and competitors; changes in general
economic, business and political conditions, including changes in
the financial markets; changes in applicable laws and
regulations both locally and in foreign jurisdictions; compliance
with extensive government regulation; the risks and
uncertainties associated with foreign markets; and the diversion of
management time on the Transaction. These forward-looking
statements may be affected by risks and uncertainties in the
business of E&E, the Company and general market conditions,
including COVID-19.
Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking
statements prove incorrect, actual results may vary materially from
those described herein as intended, planned, anticipated,
believed, estimated or expected. Although the Company has attempted
to identify important risks, uncertainties and factors which could
cause actual results to differ materially, there may be others that
cause results not to be as anticipated, estimated or intended and
such changes could be material. E&E and the Company do not
intend, and do not assume any obligation, to update the
forward-looking statements except as otherwise required by
applicable law.
Completion of the Transaction is subject to a number of
conditions, including but not limited to TSXV acceptance.
There can be no assurance that the Transaction will be completed as
proposed or at all.
Investors are cautioned that, except as disclosed in the
filing statement prepared in connection with the Transaction, any
information released or received with respect to the Transaction
may not be accurate or complete and should not be relied upon.
Trading in the securities of the Company should be considered
highly speculative.
Neither TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this news release.
SOURCE Principal Technologies Inc.