VANCOUVER, CANADA, Voleo Trading Systems Inc. (TSX-V: TRAD) (“Voleo”, the “Company”), is pleased to announce that its common shares will begin trading on the TSX Venture Exchange (the “Exchange”) under the symbol “TRAD” at market open, today, May 31, 2019.
Voleo is a mobile fintech company focused on transforming the retail investing space through its powerful, collaborative investing platform. Voleo’s equity trading platform operates on native iOS and Android devices and is currently available exclusively in the United States. The application provides a one-of-a-kind investing experience that allows users to collaborate with friends and family, resulting in greater portfolio diversification and better-informed decision-making.
Voleo’s near term efforts are focused around marketing to US consumers, where planned campaigns will drive installs and users as a precursor to material business-to-consumer (B2C) revenue. The Company also plans to launch new product features that will expand its offering in the coming quarter. As a part of the successful closing of the recent reverse takeover transaction, Voleo is now well positioned to work towards building strong relationships with banks and credit unions (B2B) who are looking for tools to engage their customers and members, amass deposits and cross-sell products.
Mark Morabito, Executive Chairman, commented, “We are very pleased to begin trading on the TSX Venture as the newly formed Voleo Trading Systems Inc. Voleo is fit to serve a critical gap in market as traditional investing methods are no longer meeting consumer needs. We stand to see the biggest wealth transfer in history as the baby boomer generation ages, and millennials begin to drive how they approach their finances. With an estimated 50-million-person market in the US alone and 67% of millennials reported to be unhappy with how they currently invest, Voleo’s cutting-edge mobile technology is well-positioned to meet that opportunity and revolutionize a new way for people to invest.”
The Company will be hosting a webinar Monday, June 3, 2019, to discuss Voleo’s first day of trading and the significant market opportunity that Voleo will address through its cutting-edge technology.
Details of the webinar:Date: June 3, 2019
Time: 9:00 AM PDT / 12:00 PM EDT
Register here: https://events.genndi.com/channel/voleo-webinar
Voleo engages Kin Communications Inc. for Investor Relations Services
Kin is a Vancouver based, full services investor relations firm specializing in technology companies. Kin will assist the Company in communicating with, and marketing to, finance professionals, potential investors, shareholders and media contacts. As consideration for these services, the Company will pay Kin (from its working capital) a fee of $10,000 per month plus GST and will grant Kin 500,000 stock options at an exercise price of $0.25. The options will be exercisable for a period of five years and in accordance with TSX Venture Exchange Policies, will vest in equal quarterly installments commencing on the three-month anniversary of the grant date. The agreement with Kin has an initial term of 12 months. Kin has no direct relationship with the Company, other than as contemplated in this agreement. The Company has been advised that Kin Communications holds 200,000 shares and 100,000 warrants at an exercise price of $0.40.
About Voleo Trading Systems Inc.
Voleo is a mobile fintech company that is transforming the retail investing space through its powerful, collaborative investing platform. Voleo’s equity trading platform operates on native iOS and Android devices, as well as a companion web application. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy. The product is being white-labeled by major financial institutions around the world as an innovative product to engage and retain a new category of investors.
For more information on Voleo, please visit our Investor Relations website at ir.myvoleo.com.
ON BEHALF OF THE VOLEO BOARD
Chief Executive Officer
Voleo is part of the King & Bay group of companies. King & Bay is a merchant bank that specializes in identifying, funding, developing and supporting growth opportunities in the technology, resource, aviation, and sectors.
For further information regarding this press release, please contact:
Investor Relations Contact:
KIN Communications Inc.
Caleb Jeffries, VP, Investor Relations
Cautionary Note Regarding Forward-Looking Information
Certain statements contained in this release constitute forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to future events or Voleo Trading Systems Inc’s (the “Company”) future performance and the integration of cryptocurrency trading. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “budget”, “plan”, “continue”, “estimate”, “expect”, “forecast”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Voleo believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this release should not be unduly relied upon. These forward-looking statements speak only as of the date of this release, or as of the date specified in the documents incorporated by reference into this release, as the case may be. In particular, this release contains forward-looking statements pertaining, but not limited to: expectations as to future operations of the Company, future market trends, growth opportunities, the Company’s go to market strategy, future partnerships, new initiatives and innovations of the Company, product offerings, the expected operations and performance of the Company’s business, expected user growth, and the timing of key development milestones.
With respect to forward-looking statements contained in this release, the Company has made assumptions regarding, among other thing: the accuracy, reliability and applicability of the Company’s business model; the timely receipt of governmental approvals, including the receipt of approval from regulators in Canada and the United States; the timely commencement of operations by the Company and the success of such operations; the ability of the Company to implement its business plan as intended; the legislative and regulatory environments of the jurisdictions where the Company will carry on business or have operations; the impact of competition; and the availability of financing to execute the business plan. The Company has included the above summary of assumptions and risks related to forward-looking statements provided in this release in order to provide investors with a more complete perspective on the Company’s current and future operations and such information may not be appropriate for other purposes.
Readers are cautioned that the foregoing lists of factors are not exhaustive and it would be unreasonable to rely on any such forward-looking statements and information as creating any legal rights, that the statements and information are not guarantees and may involve known and unknown risks and uncertainties, and that actual results may differ (and may differ materially) and objectives and strategies may differ or change from those expressed or implied in the forward-looking statements or information as a result of various factors. The forward-looking statements contained in this release are expressly qualified by this cautionary statement. Except as required by applicable securities laws, the Company is not under any duty and do not undertake any obligation to publicly update or revise any forward-looking statements after the date of this release or to conform such statements to actual results or to changes in the Company’s expectations and the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.