OTTAWA, Oct. 30, 2017 /CNW/ - Intouch Insight Ltd. ("Intouch") (TSXV: INX) today announced that it has retained First Canadian Capital Corp. ("First Canadian") as a consultant to provide strategic marketing and investor relations ("IR") services to raise Intouch's profile. First Canadian will initiate and maintain ongoing dialogue with retail brokers, analysts, portfolio managers and media groups to positively enhance market awareness of Intouch.
Under the terms of the agreement with First Canadian (the "Agreement"), Intouch will pay First Canadian $6,000 per month for a period of one year (for an anticipated total cost of $72,000) and has granted 100,000 stock options at an exercise price of $.46 (forty-six cents) per share, which shall vest in accordance with provisions of the company's stock option plan and the policies of the TSX Venture Exchange. The Agreement and related stock option issuance to First Canadian remain subject to the approval of the TSX Venture Exchange.
Jason Monaco, partner at First Canadian, commented, "First Canadian is extremely pleased to have been selected to work with a hidden gem like Intouch. With already strong revenues, the company is well positioned to continue their exciting technological journey and business acceleration. We at First Canadian believe with the strong management team and compelling market size, Intouch is a future Canadian success story."
"Intouch is a very different company today than it was a few years ago and it will again be a very different company a few years from now. By having IR professionals manage our communication activity it will allow management to have more time to focus on running the business and ensuring effective execution. As previously announced, we have plans to accelerate our transformation towards recurring revenue from our software products in the customer experience management (CEM) marketplace, which is currently a $6.61 Billion market and set to grow into a $13.18 Billion market by 2021," said Cameron Watt, President & Chief Executive Officer.
About First Canadian Capital
Based in Toronto and celebrating its 20th year, First Canadian develops strategic platforms for North American corporations that are utilized to gain exposure and recognition to the capital markets. First Canadian's core competencies are found in identifying quality assets and undervalued companies with high growth potential.
Certain statements included in this news release contain forward looking statements, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE In-Touch Insight Systems Inc.
For further information: George Aizpurua, Vice President, Communications, First Canadian Capital Corp., Tel: 647-500-2389/416-742-5600, [email protected]; George Pretli, Chief Financial Officer, [email protected], 613-270-7916