NEW YORK, Oct. 20, 2020 (GLOBE NEWSWIRE) — Logiq, Inc. (OTCQX: LGIQ), a world supplier of award-winning eCommerce and Fintech options, has initiated the applying course of to have the corporate’s widespread shares listed on the NEO Exchange (NEO), Canada’s next-generation inventory change.
Upon approval for buying and selling on the NEO, Logiq’s widespread shares would proceed to be traded within the U.S. on the OTCQX Market as LGIQ. An inventory on the NEO, which is topic to Logiq fulfilling NEO’s itemizing necessities, additionally presents a possibility to finally transfer U.S. buying and selling to the NYSE American and turn out to be dual-listed on acknowledged exchanges in each Canada and the U.S.
“As a world, fast-growing firm, a list on NEO presents an amazing alternative to extend consciousness of Logiq within the North American funding group,” acknowledged Brent Suen, government chairman and president of Logiq. “As a senior inventory change, the NEO is a modern platform that exemplifies how expertise for change buying and selling will be utilized to broaden investor confidence, enhance liquidity and achieve international publicity.”
“As a comparatively new change, NEO’s progressive and investor-first strategy to buying and selling represents the following evolution in capital markets,” added Suen. “Its enterprising spirit resonates with our firm’s personal evolution from primarily an eCommerce providers firm to a number one innovator of data-driven client intelligence and advertising and marketing expertise.”
During the last 12 months, Logiq acquired a number one e-Commerce platform, fashioned major industry partnerships and expanded its international presence. Its choices now prolong from cellular commerce and fintech options for micro-, small- and medium-sized companies (MSMBs) to AI-powered buyer acquisition for main enterprises and types.
The corporate’s buyer relationships now vary from a whole lot of hundreds of MSMBs around the globe to publicly traded Fortune 500 corporations, with marquee U.S. prospects that embrace Residence Advisor, QuinStreet and Sunrun. It expects to finish 2020 with file income exceeding $38 million, with margins increasing throughout all enterprise segments.
Logiq is within the technique of participating a Canadian banking advisor for the corporate’s itemizing on NEO, and plans to offer updates concerning the method and timing of the NEO itemizing over the following few weeks.
There will be no assurance that the corporate will fulfill all relevant necessities for itemizing its inventory on the NEO or that its utility for itemizing can be accredited.
Logiq, Inc. (OTCQX: LGIQ) is a U.S.-based main international supplier of eCommerce, mCommerce, and fintech enterprise enablement options. Its AppLogiq™ platform-as-a-service allows small-and-medium sized companies worldwide to simply create and deploy a local cellular app for his or her enterprise with out technical information or background. AppLogiq empowers companies to succeed in extra prospects, improve gross sales, handle logistics, and promote their services and products in a simple, reasonably priced, and extremely environment friendly approach. AppLogiq is obtainable in 14 languages throughout 10 nations and three continents, together with a few of the fastest-growing rising markets in Southeast Asia.
The corporate’s subsidiary, DataLogiq, supplies a data-driven, end-to-end eCommerce advertising and marketing answer for enterprises and main U.S. manufacturers, together with Residence Advisor, QuinStreet and Sunrun. Its AI-powered LogiqX™ knowledge engine delivers worthwhile client insights that improve the ROI of on-line advertising and marketing spend. The corporate’s PayLogiq™ gives cellular funds, and GoLogiq™ gives hyper-local meals supply providers. For extra details about Logiq, go to Logiq.com.
This press launch might comprise sure forward-looking statements and knowledge, as outlined inside the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Change Act of 1934, and is topic to the Protected Harbor created by these sections. Logiq cautions you that statements on this press launch that aren’t an outline of historic information are forward-looking statements. These statements are primarily based on Logiq ‘s present beliefs and expectations. The inclusion of forward-looking statements shouldn’t be thought to be a illustration by Logiq or its associates that any of its plans or expectations can be achieved. Precise outcomes might differ from these set forth on this press launch as a result of danger and uncertainties inherent in Logiq’s enterprise, together with, with out limitation: the health of Logiq’s services and products for a selected utility or market, expectations of future occasions, enterprise traits, monetary outcomes, and/or enterprise transactions that will not be consummated or realized, in addition to different dangers described in Logiq’s prior press releases and in its filings with the Securities and Change Fee (“SEC”), together with underneath the heading “Danger Elements” in Logiq’s Annual Report on Type 10-Okay and any subsequent filings with the SEC. You’re cautioned to not place undue reliance on these forward-looking statements, which converse solely as of the date hereof, and Logiq undertakes no obligation to revise or replace this press launch to replicate occasions or circumstances after the date hereof.
Brent Suen, President
Media & Investor Contact
Ronald Each or Grant Stude
CMA Investor & Media Relations
Tel (949) 432-7566