VANCOUVER, BC, May 1, 2023
/CNW/ -- Zoomd Technologies Ltd. (TSXV: ZOMD)
(OTC: ZMDTF) and its wholly-owned subsidiary Zoomd Ltd.
(collectively, "Zoomd" or the "Company"), the
marketing tech (MarTech) user-acquisition and engagement platform,
announces that, subject to the receipt of approval by the TSX
Venture Exchange ("TSX-V"), it has retained Generation IACP
Inc. ("Generation") to provide market making services with
the objective of maintaining a reasonable market and improving the
liquidity of Zoomd's common shares.
Under the agreement between Generation and the Company (the
"Generation Agreement"), the Company has agreed to
initially pay Generation a fee of $7,500 plus applicable taxes, per month.
Generation will not receive any common shares or options as
compensation. Generation has informed the Company that it does not
currently own any securities of Zoomd; however, Generation and its
clients may acquire a direct interest in the securities of the
Company.
Zoomd and Generation are unrelated and unaffiliated entities.
Generation is a member of the Investment Industry Regulation
Organization of Canada and a
member firm of the Toronto Stock Exchange and the TSX-V. The
initial term of the Generation Agreement will last 6 months, and
such term will be automatically renewed for subsequent 6-month
periods unless terminated earlier by 30 days prior written notice.
Notwithstanding the foregoing, Generation shall have the right to
terminate the agreement at any time upon prior written notice.
About Zoomd:
Zoomd (TSXV: ZOMD,OTC: ZMDTF), founded in 2012 and began trading
on the TSX-V in September 2019,
offers a site search engine to publishers, and a mobile app
user-acquisition platform, integrated with a majority of global
digital media, to advertisers. The platform unifies more than 600
media sources into one unified dashboard. Offering advertisers a
user acquisition control center for managing all new customer
acquisition campaigns using a single platform. By unifying all
these media sources onto a single platform, Zoomd saves advertisers
significant resources that would otherwise be spent consolidating
data sources, thereby maximizing data collection and data insights
while minimizing the resources spent on the exercise. Further,
Zoomd is a performance-based platform that allows advertisers to
advertise to the relevant target audiences using a key performance
indicator-algorithm that is focused on achieving the advertisers'
goals and targets.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX-V)
accepts responsibility for the adequacy or accuracy of this
release.
Disclaimer IN REGARD TO Forward-looking statements
This news release includes certain "forward-looking statements"
under applicable Canadian securities legislation. Forward-looking
statements include, but are not limited to, statements with respect
to the TSX-V approving the arrangement between Generation and the
Company. Forward-looking statements are necessarily based upon
several estimates and assumptions that, while considered
reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future
events to differ materially from those expressed or implied by such
forward-looking statements. There can be no assurance that any of
the forward-looking statements will prove to be accurate.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company disclaims any intention or
obligation to update or revise any forward-looking statements,
whether because of new information, future events or otherwise,
except as required by law. The reader should not place undue
importance on forward-looking information and should not rely upon
this information as of any other date. All forward-looking
information contained in this press release is expressly qualified
in its entirety by this cautionary statement.
For further information please contact:
Company Media Contacts
Amit Bohensky
Chairman
Zoomd
ir@zoomd.com
Website: www.zoomd.com
Investor Relations
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com
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SOURCE Zoomd Technologies Ltd.