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EDMONTON, March 27, 2020 /CNW/ - eQube Gaming Limited (TSX.V:EQG.V - News) ("eQube" or the "Company") has acted swiftly to put precautions in place to manage the risk of COVID-19 to staff, the Company, contractors, the local communities, and all other stakeholders. The Company has had no reported cases of COVID-19 at any of our offices and we continue to ensure that our operations follow the latest professional guidance.
The recent announcements by the Governments whose countries we operate in that limits social gatherings to no more than 50 people, voluntary self-isolation and that only services deemed to be essential remain open, has resulted in the closure of our offices as well as the temporary closure of our customers operations.
Effective the morning of March 23, 2020 eQube temporarily laid off 85% of its Full Time Equivalents in its Nevada, Ireland and Edmonton offices. The layoff will cease when the Government(s) indicates that opening non-essential services is safe to do so.
Andrew Janko is still actively engaged as the CEO with Sandi Johnston serving as the COO.
With regards to additional operational risks, steps have already been taken to minimize them. The Company's key management and its board of directors will meet on a weekly basis to review their effectiveness and make any adjustments as deemed necessary to minimize any potential operational disruption, while ensuring the welfare and safety of our workforce and neighbouring communities.
eQube CEO, Andrew Janko, commented: "During this difficult period, our objective is to ensure we will be a stronger company after the current pandemic subsides, by acting in the best long-term interest of all of our stakeholders."
Certain statements contained in this press release constitute "forward-looking statements". All statements other than statements of historical fact contained in this press release, including, without limitation, those regarding the Company's future financial position and results of operations, strategy, proposed acquisitions, plans, objectives, goals and targets, and any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. Forward-looking statements may specifically include, without limitation, statements relating to the Company's ability to instigate care and maintenance in a specific manner; the Company's ability to put proper controls in place to retain funds; the estimated impact of COVID-19 on the Company's business and operations; the availability of critical supplies amidst COVID-19; and the ability to identify critical threats and risks to the Company. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements.
Neither the TSX Venture Exchange 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.