Services aim to maintain an orderly market for the Company's securities to improve liquidity.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
OTTAWA, April 25, 2019 /CNW/ - Martello Technologies Group Inc. (TSXV: MTLO) ("Martello" or the "Company"), a leading provider of technology solutions that deliver clarity and control of complex IT environments deployed in thousands of locations around the world, announced today that it has engaged INFOR Financial Inc. ("INFOR Financial") to provide market making services (the "Services"). The market making services will be undertaken by INFOR Financial in compliance with the policies and guidelines of the TSX Venture Exchange ("TSXV").
Under the terms of the agreement, INFOR Financial will trade shares of Martello on the TSXV with the objective of maintaining an orderly trading market for Martello's securities, and improving market liquidity. Martello will pay INFOR Financial a monthly fee of $5,000 for a minimum term of four months, commencing April 23, 2019. The agreement will remain in force and effect until terminated by either party upon 30 days' written notice.
There are no performance factors contained in the agreement and INFOR Financial will not receive any shares or options from Martello as compensation for the services it will render. Martello and INFOR Financial are unrelated and unaffiliated entities, but INFOR Financial and/or its clients may have an interest, directly or indirectly, in the securities of Martello.
About Martello Technologies Group
Martello Technologies Group Inc. (TSXV: MTLO) is a technology company that provides clarity and control of complex IT infrastructures. The company develops products and solutions that monitor, manage and optimize the performance of real-time applications on networks, while giving IT teams and service providers control and visibility of their entire IT infrastructure. Martello's products include SD-WAN technology, network performance management software, and IT analytics software. Martello Technologies Group is a public company headquartered in Ottawa, Canada with offices in Montreal, Amsterdam, Paris, Dallas and New York. Learn more at http://www.martellotech.com
About INFOR Financial Inc.
INFOR Financial Inc. is a leading Canadian independent investment bank offering advice on mergers and acquisitions, capital raises, risk management, private funds and corporate restructurings. Since inception, INFOR Financial Inc. has consistently been ranked as one of the top independent M&A advisors in Canada.
This press release does not constitute an offer of the securities of the Company for sale in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, (the "1933 Act") as amended, and may not be offered or sold within the United States absent registration or an exemption from registration under the 1933 Act.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements
The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.
SOURCE Martello Technologies Group