VANCOUVER, Aug. 8, 2019 /CNW/ - Liberty Defense Holdings Ltd. (Liberty) (TSXV: SCAN; FRANKFURT: LD2), a leading concealed threat detection solutions company, wishes to announce that the company has graduated from the OTC Pink Open Market to the OTCQB Venture Market under the symbol "LDDFF". Liberty's common shares are now listed on three exchanges; on the TSX Venture Exchange, under the symbol "SCAN", on the Frankfurt Stock Exchange, under the symbol "LD2," and now also on the OTCQB.
"We are thrilled to continue to expand awareness and investment opportunities for Liberty across some of the world's major markets," said Bill Riker, CEO of Liberty Defense. "Graduating from the Open Market to the Venture Market is a significant move for the company, and a testament to our growth and development."
While trading on the OTC Pink Open Market requires no filing or financial requirements, companies must file financial information when trading on the OTCQB. This will allow investors and traders to receive a more complete understanding of the company and encourage more informed trading activities.
The company is also in the process of completing its eligibility requirements with the Depository Trust Company (DTC) and hopes to be able to complete this process shortly.
On Behalf of Liberty Defense
CEO & Director
About Liberty Defense
Liberty provides security solutions for concealed weapon detection in high volume foot traffic areas and has secured an exclusive license from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement, for patents related to active 3D radar imaging technology that are packaged into the HEXWAVE product. The system is designed to provide discrete, modular and scalable protection to provide layered, stand-off detection capability. This is intended to provide a means to proactively counter evolving urban threats. The sensors with active 3D radar imaging and Artificial Intelligence (AI)-enhanced automatic detection are designed to detect metallic and non-metallic firearms, knives, explosives and other threats. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more: LibertyDefense.com
About the Over-The-Counter Venture Market (OTCQB)
The OTCQB, also called "The Venture Market," is the middle tier for trading over-the-counter. It was created in 2010 and consists of early-stage and developing U.S. and international companies that are not yet able to qualify for the OTCQX, the top-tier market.
About the Over-The-Counter Pink Open Market
The OTC Pink Open Market is the lowest and most speculative tier of the three marketplaces for the trading of over-the-counter stocks. This marketplace offers to trade in a wide range of equities through any broker and includes companies in default or financial distress. Since it has no disclosure requirements, categorization of OTC Pink companies is from information provided by the company.
When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. The forward-looking statements and information in this press release include information relating to trading on the OTCQB. Such statements and information reflect the current view of Liberty. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: there is no assurance that Liberty will continue trading on the OTCQB. There are a number of important factors that could cause Liberty's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable).
Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.
All amounts referred to herein are in Canadian dollars unless otherwise indicated.
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 press release.
SOURCE Liberty Defense Holdings Ltd.
For further information: LIBERTY INVESTOR RELATIONS: Adam Ross, Telephone: 604-336-9820 x1, Toll-Free: 1-833-923-3334, Email: [email protected]; LIBERTY MEDIA RELATIONS: Brittany Whitmore, Telephone: 778-238-6096, Email: [email protected]