KPIFF-LDDFF
2 years ago
Mobilum Technologies Enters Gaming Market Offering Fully-Fledged Payment Solution for Gamers, Developers and Publishers Worldwide
https://finance.yahoo.com/news/mobilum-technologies-enters-gaming-market-093000294.html
https://www.accesswire.com/736618/Mobilum-Technologies-Enters-Gaming-Market-Offering-Fully-Fledged-Payment-Solution-for-Gamers-Developers-and-Publishers-Worldwide
"
"We are excited to bring our cutting-edge payment processing technology to the gaming industry," said Steve LaBella, CEO of Mobilum. "Our system is designed to be easy to use for both players and game developers/publishers, and we are confident that it will provide a valuable service to the gaming community."
The benefits of using Mobilum's payment processing system for in-game transactions include simplicity and ease of use, advanced security features, and the ability for players to receive payments for in-game assets or winnings. The system also operates under a Payment Institution License, providing a fully compliant legal framework for all transactions.
Game developers and publishers can easily integrate the system into their games using Mobilum's full API, and players can access the system directly from within the game using a customizable widget. Additionally, Mobilum will offer a mobile application that will allow players to manage their in-game transactions, view transaction history, make payments, and receive payments for in-game assets or winnings.
"We are committed to providing the best possible service to players and game developers/publishers, and we look forward to expanding our payment processing system into other gaming-related industries such as esports," said Labella.
Mobilum's goal is to become the go-to payment solution for gamers, game developers, and publishers all over the world, to make in-game transactions as simple and efficient as possible.
"
Thugmuffin
3 years ago
$MBLMF Mobilum Technologies and Binance, the World's Leading Cryptocurrency Infrastructure Provider, Sign Services Agreement to Leverage Mobilum's Payments InfrastructurePress Release | 05/11/2022
Mobilum Technologies and Binance, the World's Leading Cryptocurrency Infrastructure Provider, Sign Services Agreement to Leverage Mobilum's Payments Infrastructure
Canada NewsWire
VANCOUVER, BC, May 11, 2022
VANCOUVER, BC, May 11, 2022 /CNW/ - Mobilum Technologies Inc. ("Mobilum'' or the "Company'') (CSE: MBLM) (OTC: MBLMF) (FRA: C0B), a technology-driven company making digital assets and cryptocurrencies accessible through traditional finance and payment infrastructure, and the first solution provider of Fiat-to-Dex Tokens rails, is pleased to announce it has signed a strategic services agreement with Binance, the world's leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange.
Mobilum Pay (CNW Group/Mobilum Technologies Inc.)
Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for its users and features an unmatched portfolio of crypto products and offerings. This includes trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions.
Under the terms of the agreement, Binance will engage Mobilum's fully compliant payment institution infrastructure and payment rails providing the acquiring of payment transactions and money remittance services for Binance, more specifically:
Acquiring payment transactions services provided by Mobilum Pay to Binance connected with processing Payments via the service within the Binance platform
Money remittance services provided by Mobilum Pay to Binance connected with the execution of transactions
Steven LaBella, Mobilum CEO commented, "The Mobilum team takes great pride in providing a quality suite of services for bridging the traditional world of finance to the digital world of finance. We are delighted to work with Binance, the world's leading cryptocurrency exchange. That they have entrusted the Mobilum team to help in providing highly efficient, secure, scalable and fully-compliant payments infrastructure / rails to help with payment transactions and money remittance services, is a big accomplishment for our company and shareholders. We look forward to supporting the Binance team and a long-term bilateral partnership."
For further information: please contact Mobilum Investor Relations via email at ir@mobilum.com.
About Mobilum Technologies Inc.
Mobilum Technologies Inc. (CSE:MBLM) (OTC:MBLMF) (FRA:C0B) is a technology-driven Digital Service Provider (DSP) with a mission to make digital assets and cryptocurrencies accessible through traditional finance and payment infrastructure and digital asset management technologies, providing solutions for Exchanges, Wallets and Cryptocurrency Businesses, NFTs marketplaces, Protocols, Decentralized Applications and Decentralized Autonomous Organizations, Metaverse and Play-to-Earn games, and Traditional Finance Institutions (Banks, Hedge Funds, Insurance and Fintech companies) opening its doors to digital assets space. Our goal is to allow consumers around the world to convert fiat-to-crypto and crypto-to-fiat with Mobilum's on-ramp and off-ramp solutions. Mobilum has offices in Canada, Estonia, Lithuania, Poland, and the United States. For further information go to www.mobilum.com.
About Binance
Binance is the world's leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com
Related Links
https://mobilum.com
https://www.binance.com
For further information: please contact Meredith or Julie, Investor Relations, +1 (604) 609 6169 or via email at ir@mobilum.com
This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance.
Mobilum's statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of Mobilum's control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties of the Company's business, including: Mobilum's assumptions in making forward-looking statements may prove to be incorrect; adverse market conditions, including risks related to COVID-19 and risks that future results may vary from historical results.
Except as required by securities law, Mobilum does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.
Contact Information:
Investor Relations
Purple Crown Communications
Phone: +1 (604) 609-6169
Email: IR@mobilum.com
AskMuncher
3 years ago
$MBLMF Mobilum Technologies to provide World's First Fiat-to-DEX Tokens On-Ramp and Off-Ramp with KLIMA, a DAO Protocol Driving Climate Action Through Carbon-Backed Digital Currency
Press Release | 02/09/2022
Mobilum Technologies to provide World's First Fiat-to-DEX Tokens On-Ramp and Off-Ramp with KLIMA, a DAO Protocol Driving Climate Action Through Carbon-Backed Digital Currency
PR Newswire
VANCOUVER, BC,, Feb. 9, 2022
VANCOUVER, BC,, Feb. 9, 2022 /PRNewswire/ - Mobilum Technologies Inc. ("Mobilum'' or the "Company'') (CSE: MBLM) (OTC: MBLMF) (FRA: C0B), a technology-driven company making traditional finance accessible through digital payment infrastructure and digital asset management technologies, is pleased to announce its first on-ramp implementation agreement to the DEX (decentralized exchange) space with KlimaDAO, a DAO (Decentralized Autonomous Organization) Protocol driving climate action through a carbon-backed, climate friendly digital currency.
KlimaDAO + Mobilum (CNW Group/Mobilum Technologies Inc.)
The global influencers and proponents of cryptocurrencies have been big-time advocates of sustainable and eco-friendly projects. Therefore, to align with the macroscopic objective of environmental impact, Mobilum has strategically partnered with KlimaDAO and cemented its position as a 'Klimate', and a leader in the on-ramp and off-ramp space.
Through the agreement, Mobilum will provide KLIMA with a Payment Gateway Widget and the technology necessary to acquire fiat payments via payment card and convert funds to KLIMA token from mutually agreed upon Decentralized Liquidity Pools. Mobilum will also enable the ability to purchase and sell KLIMA tokens within Mobilum's payment platform.
Wojciech Kaszycki, Mobilum CEO commented, "We are thrilled to partner with KlimaDAO, and provide the Mobilum suite of services applications to help climate change via the KlimaDAO platform. KlimaDAO is a vacuum for carbon. Its treasury only accepts certified, third-party verified emissions reductions from reputable carbon markets (called 'carbon offsets' or 'carbon credits'), and we look forward to a long-term partnership."
KlimaDAO represents an incredible opportunity to unlock the on-chain carbon economy and help DeFi to begin having a positive impact on our planet. By scaling up the adoption of KLIMA we will maximize participation in the carbon markets, enable protocols and businesses to go a step further than just "Net Zero" with their carbon strategies, and begin to embed carbon into the emerging Web3 economy.
"Our collaboration with Mobilum represents a significant step forward in KlimaDAO's journey towards adoption. Through this partnership we will now see users from across the world be able to purchase KLIMA tokens directly through the KlimaDAO website, with 82 fiat currencies enabled. Accessibility remains one of the largest barriers to adoption of DeFi protocols, and we are excited about the opportunities that Mobilum offers us to break this down", commented The Klima Core Team.
"We aim to empower as many DAOs and protocols with our innovations as possible. We welcome all Decentralized protocols and DAOs to contact us so we can discover new and innovative partnerships. Our technology is compatible with Sushiswap, Uniswap, Netswap among many other DEX protocols." says Mobilum's Chief Commercial Officer, Anik Ghosh.
This is one of the many initiatives Mobilum is undertaking to bridge the gap between traditional finance and DeFi, as well as make DeFi tokens more accessible globally in a secure, compliant way. Mobilum hopes to extend such services to all upcoming DAO and decentralized protocols.
Mobilum's partnership team can be contacted 'mobilum.com/contact-us' for partnership queries.
About Mobilum Technologies Inc.
Mobilum Technologies Inc. (CSE:MBLM) (OTC:MBLMF) (FRA:C0B) is a technology-driven Digital Service Provider (DSP) with a mission to make traditional finance accessible through digital payment infrastructure and digital asset management technologies, providing solutions for Exchanges, Wallets and Cryptocurrency Businesses, NFTs marketplaces, Protocols, Decentralized Applications, Metaverse and Play-to-Earn games. Our goal is to allow consumers around the world to convert fiat-to-crypto and crypto-to-fiat with Mobilum's on-ramp and off-ramp solutions. Mobilum has offices in Canada, Poland, Estonia, Lithuania and the United States. For further information go to Mobilum.com.
About KLIMA
KlimaDAO's goal is to accelerate the price appreciation of carbon assets and improve the efficiency of the Voluntary Carbon Market. Ensuring the price of carbon is higher than the cost of abatement will enable the market to scale and increase the viability of developing new pro-climate projects across the globe. Through the KLIMA token, KlimaDAO maximizes its positive carbon impact, creates value for its community and establishes a virtuous cycle of sustainable growth. Driving up adoption will enable the KLIMA token (each backed by real, verified carbon assets) to function as a truly sustainable asset and medium-of-exchange, with planetary value.
Related Links
https://mobilum.com
https://klimadao.finance
This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance.
Mobilum's statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of Mobilum's control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties of the Company's business, including: Mobilum's assumptions in making forward-looking statements may prove to be incorrect; adverse market conditions, including risks related to COVID-19 and risks that future results may vary from historical results.
Except as required by securities law, Mobilum does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.
Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/mobilum-technologies-to-provide-worlds-first-fiat-to-dex-tokens-on-ramp-and-off-ramp-with-klima-a-dao-protocol-driving-climate-action-through-carbon-backed-digital-currency-301478660.html
SOURCE Mobilum Technologies Inc.
AskMuncher
3 years ago
$MBLMF Mobilum Technologies Signs Agreement To Provide fiat On-Ramp Services Into KEYS Token Inc.
Press Release | 01/19/2022
Mobilum Technologies Signs Agreement To Provide fiat On-Ramp Services Into KEYS Token Inc.
PR Newswire
VANCOUVER, BC, Jan. 19, 2022
VANCOUVER, BC, Jan. 19, 2022 /PRNewswire/ - Mobilum Technologies Inc. ("Mobilum'' or the "Company'') (CSE: MBLM) (OTC: MBLMF) (FRA: C0B), a technology-driven company making traditional finance accessible through digital payment infrastructure and digital asset management technologies, is pleased to announce it has signed an agreement to provide KEYS Token Inc. ("KEYS Token") with Mobilum's on-ramp services.
Mobilum Technologies Inc. Logo (CNW Group/Mobilum Technologies Inc.) (CNW Group/Mobilum Technologies Inc.)
KEYS Token is revolutionizing the real estate industry by bridging the gap between the digital and physical worlds, leveraging web3 and scalable 3D technologies in tandem with real estate professionals and industry leaders.
Under the terms of the agreement, Mobilum will provide KEYS with an easy-to-use fiat-to-crypto- gateway where KEYS users will have the ability to seamlessly purchase KEYS Token using their Visa, Mastercard, debit and credit cards, powered by Mobilum's industry leading on-ramp. This integration will provide KEYS community the ability to purchase KEYS token at the best market price using the most ubiquitous of payment options, thereby helping KEYS ecosystem to grow and scale.
Wojciech Kaszycki, Mobilum CEO commented, "We are very excited to begin this long-term partnership with the team at KEYS. The collective talent and team at KEYS have positioned KEYS at the forefront of blockchain-based real estate and metaverse projects in the crypto space. We are very impressed with the crypto community reception of the KEYS Token launch, with great success on November 18, 2021, by reaching a market capitalization of just under USD $300,000,000 in less than 12 days. We look forward to supporting the KEYS team with our on-ramp services to begin with, giving their community the ability to transact with Visa, Mastercard, debit and credit cards immediately, and will continue to find synergies in partnering to support our collective ecosystems."
"The metaverse and digital real estate industries are rapidly expanding, businesses are moving quickly to establish partnerships and get ahead in the emerging metaverse sector. With Mobilum's partnership and suite of offerings, we are delighted to provide more value to our KEYS community, and will begin by giving users the ability to acquire and hold KEYS Token through an easy to use payment gateway," commented Nima Ghassemi, CEO of KEYS Token.
Noah Kent, Co-Founder and Chief Product Officer continues, "Our partnership with Mobilum is a massive step for the growth, adoption, and recognition of KEYS Token and our ecosystem. At its core, KEYS is a real estate and metaverse token focused on bridging the gap between the physical and digital worlds, providing our users the option to purchase KEYS using major debit and credit cards embodies this ethos to the highest degree. Our team is extremely excited to continue pushing the needle and bringing value to our holders with Mobilum by our side."
About Mobilum Technologies Inc.
Mobilum Technologies Inc. (CSE:MBLM) (OTC:MBLMF) (FRA:C0B), a technology-driven Payment Service Provider (PSP) with a mission to make traditional finance accessible through digital payment infrastructure and digital asset management technologies. Our goal is to allow consumers around the world to convert fiat-to-crypto and crypto-to-fiat with Mobilum's on-ramp and off-ramp solutions. Mobilum has offices in Canada, Hong Kong, Poland, and Estonia. For further information go to Mobilum.com.
About KEYS Token
Imagine a world where buying real estate (and countless other luxury assets) is as easy as receiving a key. KEYS will transform the way real estate and luxury assets are exchanged by increasing speed and transparency while reducing costs and friction through the revolutionary product ecosystem that will be built around the token. Our mission is to create revolutionary blockchain products built around the exchange of luxury assets in both the metaverse and physical world exclusive to KEYS Token holders. By holding KEYS you will be able to: buy and sell real estate and luxury assets in both the metaverse and physical world, gain access to exclusive investment opportunities and events, and become part of a powerful network. Coming from diverse backgrounds of success, each of the KEYS founders brings a unique set of skills and attributes to the table. Their collective talent pool encompasses development experience at publicly traded companies like Amazon and operation experience as a COO at a multi-million dollar AI start-up, as well as extensive professional chart and trading knowledge as owners of a registered crypto hedge fund, and access to a global digital distribution network reaching upwards of 300 million people per month through accounts such @houses on Instagram. Together, this combination of knowledge and resources positions the KEYS team to change the world as we know it, and positively impact billions of lives.
Related Links
https://mobilum.com
https://www.keystoken.io
kairos
4 years ago
TechX Signs Definitive Agreement to Acquire Cryptobuddy Trading Signals Platform
https://finance.yahoo.com/news/techx-signs-definitive-agreement-acquire-113000945.html
Tue, April 27, 2021, 6:30 AM
VANCOUVER, BC, April 27, 2021 /CNW/ - TechX Technologies Inc. ("TechX'' or the "Company'') (CSE: TECX) (OTC: TECXF) (FRA: C0B1), a company focused in emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to announce that it has signed a Definitive Agreement (the "Definitive Agreement") to acquire 100% of the Cryptobuddy.ai predictive cryptocurrency trading signals platform, through its wholly-owned subsidiary, Bull Market Media Inc., in consideration of the issuance of 5,341,880 common shares in the capital of the Company (the "Shares") at a deemed value of $0.936 per Share for total aggregate consideration of $5,000,000. The Shares shall be subject to a hold period of four months and one day from issuance.
TechX Technologies Inc. Logo (CNW Group/TechX Technologies Inc.)
TechX Technologies Inc. Logo (CNW Group/TechX Technologies Inc.)
CryptoBuddy is a crypto trading signals platform that allows traders to safely navigate cryptocurrency market conditions and cut through the market noise with artificial intelligence ("AI") generated future price forecasts and trading signals.
CryptoBuddy Key Features:
Leverages big data to find machine-recognizable patterns that are impossible for humans to identify
Easy-to-navigate dashboard that simplifies complex data and presents it in a user friendly and easy to understand way
Predictive analytics - Different charts and graphics for easy visualization on trends, current price, historical price, and forecasts
70-77% prediction rate accuracy
AI system ingests over 1 billion data points daily and analyzes over 1,000 features
Subscription model creates recurring revenue stream
Coins monitored - Bitcoin, Ethereum, EOS, Litecoin and Ripple
- ADVERTISEMENT -
Following the acquisition, the Cryptobuddy platform will rebrand and operate under the name "Alt Signals" (altsignals.com). This rebranding strategy reflects the evolution of the Company and its vision of the future.
"We are beyond excited about acquiring the CryptoBuddy platform, an AI crypto trading platform that provides the most comprehensive AI-generated price forecasts and trade signals to retail investors," said TechX CEO, Peter Green. "Retail investors are continuing to flock to bitcoin trading, meaning that secure, easy-to-navigate solutions with predictive, accurate analytics and predictions are essential. CryptoBuddy not only has the potential to provide crypto traders around the world with a competitive edge, it's subscription model brings in a recurring revenue stream that will increase along with the market's appetite for crypto."
The Company also announces that it has engaged Lytham Partners, LLC ("Lytham") for a month-to-month Investor Relations contract in connection with the Company's ongoing effort to increase awareness. Lytham will provide outreach services to inform investors about developments in the Company's business and affairs. Under the terms of this agreement, Lytham will receive $6500 USD / month.
About TechX Technologies Inc.
TechX Technologies Inc. is a company focused on emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies. Led by senior leaders and industry experts, TechX invests in and provides subject matter experts within portfolio companies to accelerate success and maximize value for shareholders.
On behalf of the board,
Peter Green, CEO
HokieHead
4 years ago
In for some on pullback under $1, getting some Crypto exposure cheap here imo (13).
TechX Announces Catalyx's CADx as the First Canadian Stablecoin to Be Listed on Major Exchange, Bittrex Global
VANCOUVER, BC, April 6, 2021 /PRNewswire/ - TechX Technologies Inc. ("TechX'' or "the Company'') (CSE: TECX) (OTC: TECXF) (FRA: C0B1), a company focused in emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies, is pleased to announce that its portfolio company, Catalyx Exchange ("Catalyx") intends to list its Canadian stablecoin, CADX on the Bittrex Global Exchange. Bittrex is one of the world's top 10 cryptocurrency exchanges in terms of liquidity and provides the widest selection of cryptocurrencies.
Catalyx.io, Canada's premier cryptocurrency exchange with over 40+ altcoins available for purchase, launched its Canadian dollar fiat-backed stablecoin CADX in 2020 through a partnership with Seattle-based fintech company Stably. The CADX coin is expected to list on the Bittrex Exchange the week of May 10, 2021.
Every CADX token is fully-backed and redeemable for $1 Canadian dollar and is held in an audited account managed by Prime Trust, a Nevada-chartered trust company who is the official regulated trustee and CVC administrator for CADX. CADX is powered by Stably's ERC20 smart contract technology, which has been audited by leading US-based blockchain security firm, QuantStamp.
"We are beyond excited to become the first Canadian dollar-backed stablecoin to be listed on one of the world's top 10 crypto exchanges," said Catalyx CEO Jae Park. "The listing of the CADX coin on Bittrex is great news not only for the company, but for crypto traders across the globe who want more options to choose from."
Catalyx and Bittrex first partnered in 2018 to launch the Catalyx Exchange and provide a solution for Canadian customers who wanted more selection for digital assets, but on a secure, reliable platform in Canada.
About TechX Technologies Inc.
TechX Technologies Inc. (CSE:TECX) (OTC:TECXF) (FRA:C0B1) is a company focused on emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies. Led by senior leaders and industry experts, TechX invests in and provides subject matter experts within portfolio companies to accelerate success and maximize value for shareholders.
About Catalyx Exchange
Catalyx.io is a Canadian-based is a digital asset exchange platform that specializes in cryptocurrency trading, blockchain and cybersecurity technology. As a fully regulated Cryptocurrency exchange with FINTRAC, Catalyx has the highest standards in security and compliance and is partnered with world-trusted names in Blockchain technologies, risk management and financial solutions to provide their users with a trusted, secure platform. Catalyx is the first Canadian exchange with its own stablecoin called CADX and supports 40+ cryptocurrencies. Catalyx is also the owner and operator of launched FastBitCash.ca, a leading platform that offers the fastest Bitcoin purchase and withdrawal in Canada.
This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.
https://c212.net/c/img/favicon.png?sn=TO32757&sd=2021-04-06 View original content to download multimedia:http://www.prnewswire.com/news-releases/techx-announces-catalyxs-cadx-as-the-first-canadian-stablecoin-to-be-listed-on-major-exchange-bittrex-global-301262437.html
SOURCE TechX Technologies Inc.
Luckypennyman
4 years ago
LiteLink Technologies Announces Leadership Transition,
Private Placement and Share Consolidation
https://webfiles.thecse.com/LiteLink_0108.pdf?QxY6LWfa7t2P1Wj0ikfhewhbyBWE.jL_
Vancouver, British Columbia – January 8, 2021 – LiteLink Technologies Inc. (the “Company”) (CSE: LLT)
(OTC:LLNKF) (FRA:C0B:FF), a company focused in emerging technologies , is pleased to announce the
restructuring of its board of directors and management to better align and reflect the Company’s business and
objectives. The Company will now be led by Peter Green as Chairman and Chief Executive Officer. Peter has
extensive leadership experience with both large corporate organizations and privately held business with
national and international operations in cloud technologies, AI, mobile, and telecommunications sectors. Most
recently Peter held the position of President of Business Solutions at TELUS.
“I am pleased to join at such an exciting time in the Company’s evolution,” said Peter Green. 2021 marks an
important inflection point in the Company’s advancement. The quality of our incoming personnel reflects our
commitment to making continued investments in strong management teams coupled with strong emerging
technologies that are disrupting multiple technology sectors poised for growth.”
“The Global pandemic has allowed for industries to innovate much quicker and adapt to the times, we will play
an important role to facilitate investment growth in this process. Now is the time for companies such as ours to
flourish, with the right strategy and team in place. Moreover, I am eager to work with the talented team, we are
committed to create value for our shareholders and will be keeping you current on our exciting road ahead.”
Peter will be onboarding an experienced team to support material growth opportunities with extensive
capabilities in Business Development, Product Development and Sales/Marketing. Joining Peter on the board
are Aleem Nathwani and Mike Devine as Independent Directors.
Peter Green – Director, Chairman and Chief Executive Officer
The hallmark of my career in over 25 years within the international ICT marketplace is building high performance
teams. Every meaningful accomplishment comes from the energy of a team; the bond of a common goal
supported by a genuine sense of caring for each other. When we bring together great people, form exceptional
teams and nurture their development, we create exceptional customer experiences and amazing business
results.
Luckypennyman
4 years ago
LiteLink Technologies Announces Acquisition of 3030 IoT, an innovator in the Multi-Billion Dollar Smart Sensor Waste Management Industry
LiteLink Technologies Inc. logo (CNW Group/LiteLink Technologies Inc.)
NEWS PROVIDED BY
LiteLink Technologies Inc.
Jan 14, 2021, 08:00 ET
SHARE THIS ARTICLE
VANCOUVER, BC, Jan. 14, 2021 /PRNewswire/ - LiteLink Technologies Inc. (the "Company") (CSE: LLT) (OTC: LLNKF) (FRA: C0B:FF), a company focused in emerging technologies, is pleased to announce the acquisition of 3030 IoT, an innovation leader in the Industrial Internet of Things, bringing to market smart sensors for the waste management space. 3030 IoT will augment the Company's Shift Insights AI platform, providing waste management companies with ruggedized bin sensors, and unparalleled container visibility.
"In a world where 90% of all waste is picked up at the wrong time, 3030 IoT will complement LLT's Shift Insights AI platform to bring in-bin sensors powered by cloud software and AI and give waste management providers real-time fill level and location driven insights," says Peter Green, LiteLink Technologies CEO.
The growing complexity in the logistics of waste collection and the need to comply with regulations pertaining to waste processing while helping fuel smart cities, demand better waste management solutions, which are made possible by the use of technologies, such as IoT (Internet of Things) sensors. "We have seen on average 21% increased bin turnovers, and 6.75% more efficient and lower operational costs", says Alan Ligumsky, Owner at Peak Disposal, a leading waste management company using sensor technology from 3030 IoT.
"Over the last 12 months we've seen that global supply chains and distribution will change, Shift Insights will play an important role in this process. The ability to help the global waste management space maximize profitability, improve customer experience, generate more revenue, optimize collection routes and schedules, and increase driver safety, is paramount to the foundation of this platform."
"The global waste management industry will reach $445Bn over the next two years, and is experiencing much innovation in areas of AI and IoT; with the smart sensor waste management space growing 30% YoY, this acquisition represents a further commitment to our thesis of investing in emerging technologies poised for growth to bring maximum value back to our shareholders," says Peter Green, Chief Executive Officer of the Company.
TRANSACTION SUMMARY
The Company acquired 3030 IoT from a series of arms-length vendors (collectively, the "Vendors"). In consideration for 3030 IoT the Company completed an initial cash payment of C$50,000, and issued 6,500,000 common shares, to the Vendors. The Company is also required to issue a further 3,000,000 common shares to the Vendors, of which 1,500,000 are issuable on or before July 1, 2021, and the balance are issuable on or before July 1, 2022.
All references to common shares issuable in connection with the acquisition are to the common shares of the Company as presently constituted and will be adjusted to give effect to the share consolidation previously announced by the Company. All common shares issued to the Vendors in connection with the acquisition are subject to a four-month-and-one-day statutory hold period in accordance with applicable securities laws. No finders' fees or commissions were paid in connection with completion of the acquisition.
On behalf of the board,
Peter Green
Chief Executive Officer
https://www.prnewswire.com/news-releases/litelink-technologies-announces-acquisition-of-3030-iot-an-innovator-in-the-multi-billion-dollar-smart-sensor-waste-management-industry-301208459.html
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