TORONTO, June 25, 2018 /CNW/ - 01 Communique Laboratory Inc. (ONE:TSX-V) (the "Company") today announced it has entered into a marketing agreement with Hybrid Financial Ltd. ("Hybrid") whereby Hybrid agrees to assist the Company in developing and implementing an investor relations campaign.
The Agreement commences June 25, 2018 and is for an initial term of 3 months after which it resorts to a month to month basis. Compensation for services rendered includes a monthly fee of $14,000 to be paid from working capital and the Company is granting 400,000 stock options at an exercise price of $0.05 per share. The grant date is June 25, 2018 with a term of 5 years. If the agreement is terminated, unvested options will not be eligible for exercise and all vested options shall be eligible for exercise for a period ended 12 months following termination.
"We look forward to working with Hybrid as we move forward with our new direction," said Andrew Cheung, President and CEO for 01 Communique. "We recently announced plans to transition our focus and strategy to the development of a Post-Quantum Blockchain. In summary, our vision is to develop a Post-Quantum Blockchain, which can be implemented on classical computer systems as we know them today while at the same time be secure enough to safeguard against potential Quantum Computer attacks."
Hybrid Financial is a sales and distribution company working on behalf of clients in the financial services industry. Hybrid's unique approach helps effectively and efficiently build brands and launch products on behalf of small, medium, and large clients. Offices in Toronto and Montreal allow Hybrid to comprehensively cover both United States and Canadian markets. Mr. Steve Marshall, President and co-founder, will be overseeing the services provided to the Company from Hybrid's Toronto office.
Other than the options described above, the Company has been advised that Hybrid does not have any interest, directly or indirectly, in the Company or its securities, or any right or intent to acquire such an interest.
A conference call is scheduled for Thursday June 28, 2018 at 4:00 PM. The Company will provide an update on operations and provide an overview of the new direction as well as answer any questions asked by participants.
Dial in number Local (416) 900-2936 Toll free 1-866-279-1594 The pass code when prompted is 532785
The engagement of Hybrid is subject to approval by the TSX Venture Exchange.
Neither TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
About 01 Communique
Established in 1992, 01 Communique Laboratory Inc. (TSX-V:ONE) offers a suite of remote access services designed for small-medium sized business, mobile professionals and IT service providers. 01's software as a service offerings are deployed on-demand and include functionality enabling on-line meetings, remote computing and IT support. 01's suite of products includes its remote access offering I'm InTouch (www.imintouch.com), its online meeting offering (www.imintouchmeeting.com) and its remote support offering I'm OnCall (www.imoncall.com) products are protected in the U.S.A. by its patents #6,928,479 / #6,938,076 / #8,234,701 and in Canada by its patents #2,309,398 / #2,524,039 and Japan by its patent #4,875,094. For more information, visit www.01com.com or call (905) 795-888 or (800) 668-2185 (North America only).
Certain statements in this news release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, such statements use such words as "may", "will", "expect", "believe", "plan", "intend", "are confident" and other similar terminology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under "Risk and Uncertainties" in the company's Management`s Discussion and Analysis document filed on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward looking statements. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update or revise them to reflect new events or circumstances.
SOURCE 01 Communique Laboratory Inc.
For further information: INVESTOR CONTACT: Andrew Cheung, Chief Executive Officer, 01 Communique, (905) 795-2888 x206, [email protected]