Voleo Trading Systems Inc. (TRAD:
TSX-V) (“
Voleo”, the
“
Company”), is pleased to share initial results in
user acquisition since initiating Google’s Digital Strategy
program.
Over the course of two weeks, Voleo has executed
a series of campaigns using Universal App Campaigns which include
Ad Mob, Google Play, Search, Google Display Network and YouTube.
Google’s use of algorithms and machine learning to optimize
campaigns will drive down customer acquisition costs and in time
identify valuable users. New user registration has increased by
1700% compared to prior average organic new user registration,
based on the prior three months’ data.
Thomas Beattie, CEO of Voleo, commented, “This
increase in new user registration and club creation is a positive
indication that this campaign is already working. It’s reaching
large audiences and is opening the funnel for a change in the way
social investing happens. There is further optimization that will
be done as the campaign advances, but we are very pleased with the
initial results.”
There has also been an increase of over 350% in
club creation since campaign launch. “People are curious when they
see our social trading angle. It’s a new age of investing for
millennials and for people of all generations, and Voleo provides
an experience that empowers people to invest together,” comments
Thomas Beattie, CEO of Voleo.
Voleo’s first advertising campaign with Google
is scheduled to run for a minimum of three months. It comes at a
time when Voleo is focused on driving its B2C and B2B business
models forward in parallel. The heightened consumer exposure and
uptake evidences the value to potential financial institution
partners, as the latter are looking for tools to deepen engagement
with their customers and offer unique, valuable experiences.
Voleo’s teaser videos have collectively been viewed over a hundred
thousand times. Here is the “Get in the Game” variant:
https://youtu.be/KwvloSunXmA.
Market-Making Services
Voleo also announces that it, has, subject to
regulatory approval, retained Venture Liquidity Providers Inc.
(“VLP”) to initiate its market-making service to provide assistance
in maintaining an orderly trading market for the common shares of
the Company.
The market-making service will be undertaken by
VLP through a registered broker, W.D. Latimer Co. Ltd., in
compliance with the applicable policies of the TSX Venture Exchange
and other applicable laws. For its services, the Company has agreed
to pay VLP $5,000 per month for a period of 12 months from its
current cash on hand. The agreement may be terminated at any time
by the Company or VLP. The Company and VLP act at arm's length, and
VLP has no present interest, directly or indirectly, in the Company
or its securities. The finances and the shares required for the
market-making service are provided by W.D. Latimer. The fee paid by
the Company to VLP is for services only. VLP is a specialized
consulting firm based in Toronto providing a variety of services
focused on TSX-V-listed issuers.
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, retain and acquire retail
customers.
For more information on Voleo, please visit our
Investor Relations website at ir.myvoleo.com.
ON BEHALF OF THE VOLEO BOARD
“Thomas Beattie”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
Relations1-866-684-6730investor.relations@myvoleo.com
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.
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