Voleo Trading Systems Inc. (TRAD:
TSX-V) (“
Voleo”, the
“
Company”), has completed the 2019 Fidelity
National Information Services (“FIS”) Fintech Accelerator Program
in Little Rock, Arkansas.
As one of the ten selected start-up companies,
Voleo benefitted from a 12-week on-site mentorship program at The
Venture Center. Through in-depth business support and guidance,
Voleo’s management team met with dozens of financial institutions
and senior executives and gained significant exposure to their
target market. Voleo was the only Canadian fintech company selected
from over 225 applicants across 32 countries.
Thomas Beattie, CEO of Voleo, commented “As a Canadian company, the
opportunity to work with FIS has allowed us to jump a lot of the
hurdles of connecting with US financial institutions. From the
start, we knew that FIS Accelerator would connect us to the right
people at the right organizations, looking for innovative solutions
in financial technology. We’ve met with dozens of banks and credit
unions, and gained invaluable insight into the pain points of their
businesses.”
Throughout the 12-weeks, Voleo held face-to-face
meetings with community banks and credit unions to discuss and
develop the potential applications of their turn-key social
investing product. The program culminated on July 17th with a demo
day where Voleo completed a 7-minute presentation to an engaged
audience of financial institution decision makers, potential
investors, and community leaders. Voleo will continue to build upon
these relationships in the coming weeks and
months. Morgen
Sullivan, VP Growth of Voleo stated that “By focusing on
accelerating the positioning and placement of our innovative
platform, the support and mentorship from both FIS and the Venture
Center was top of class. We are proud to be a part of this
years’ cohort, have grown our network substantially and are looking
forward to sharing our insights and growth.” FIS is a global
leader in financial services and technology, working with over
20,000 clients across 130 countries. FIS’ technology connects
financial organizations with their customers and powers 27 billion
transactions annually, moving over $9 trillion globally each year.
The Venture Center has also become a major name in the fintech
industry by providing entrepreneurs and start-up corporations with
the innovative programs needed to connect with financial
institutions and investors on the path to sustain economic
growth.
FIS is investing over $100,000 (US$75,000) into Voleo across three
equal tranches at a price equivalent to the RTO price of $0.25 per
share. This investment is complemented by personal access to FIS’s
senior executives. The Venture Center is dedicated to developing
the financial innovations of the program participants and
proactively supporting dialogues between the cohort and financial
institutions. In the short time the FIS Accelerator Program has
been established, the average capital raise of a portfolio company
is over $1.8 million. For its fourth year, FIS and The Venture
Center evaluated all applicants on start-up viability, product
maturity and market fit, indicating the significant potential of
the top ten selected participating companies.
Hybrid Financial Strategic Investor
Relations
Voleo announces that it has retained the
services of Hybrid Financial Inc. ("Hybrid
Financial") for strategic investor relations initiatives.
The initiatives will include marketing, distribution, and branding
services for the Company with a specific focus on elevating the
Company's profile within the North American investment
community.
Pursuant to the agreement Hybrid Financial will
receive a monthly retainer of $25,000. The agreement commenced July
25, 2019, for an initial term of six months. Voleo has sufficient
cash on hand to pay the monthly fee. The agreement is subject to
the approval of the TSX Venture Exchange.
Hybrid is a sales and distribution company that
actively connects issuers to the investment community across North
America. Using a data driven approach, Hybrid provides its clients
with comprehensive coverage of both American and Canadian markets.
Hybrid Financial has offices in Toronto and Montreal. Hybrid
Financial Inc. does not have any interest, directly or indirectly,
in Voleo or its securities.
Option Grant
Voleo has granted Kin Communications Inc.
100,000 stock options at an exercise price of $0.25. The options
will be exercisable until May 31, 2024 and in accordance with TSX
Venture Exchange Policies, will vest in equal quarterly
installments commencing on the three-month anniversary of the grant
date.
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.
About
FIS FIS is a global
leader in financial services technology, with a focus on retail and
institutional banking, payments, asset and wealth management, risk
and compliance, and outsourcing solutions. Through the depth and
breadth of its solutions portfolio, global capabilities and domain
expertise, FIS serves more than 20,000 clients in over 130
countries. Headquartered in Jacksonville, Fla., FIS employs more
than 53,000 people worldwide and holds leadership positions in
payment processing, financial software and banking solutions.
Providing software, services and outsourcing of the technology that
empowers the financial world, FIS is a Fortune 500 company and is a
member of Standard & Poor’s 500® Index. For more information
about FIS, visit www.fisglobal.com.
About The Venture Center
The Venture Center’s immersive accelerator programs are designed to
accelerate the growth of early-stage companies and help them
validate their solutions for real-world problems. The Company’s
methodology provides a unique opportunity to connect with C-level
suite global executives, receive seed investment and learn from a
comprehensive curriculum that will aid in strategically addressing
go-to-market, business, and finance challenges.
ON BEHALF OF THE VOLEO BOARD
“Thomas Beattie”Chief
Executive Officer
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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