NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
CALGARY, Jan. 6, 2017 /CNW/ - Trakopolis IoT Corp. (TSXV: TRAK), is pleased to announce it has engaged The Howard Group as its capital markets communications advisor to direct both traditional and online initiatives targeting the investment community and the investing public.
The agreement is for one year, with a minimum six-month term, effective January 1, 2017. The remuneration payable to The Howard Group will be $8,500 per month plus GST. In addition, The Howard Group has been granted 90,000 options to acquire common shares in the capital of Trakopolis with a three-year term and an exercise price of $1.00, vesting over a period of 18 months. The agreement is subject to the approval of the TSX Venture Exchange.
Since 1988, The Howard Group has provided comprehensive investor outreach and capital markets programs, financing assistance, business development solutions and strategic planning to public companies.
In addition, The Howard Group Inc. will be providing an ongoing commentary on Trakopolis' activities through its Insight blog. Interested parties are encouraged to subscribe to the commentary feed: https://howardgroupinc.com/howard-group-blog/.
Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud based solutions for real time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and people. The company's asset management enabling technology works across a variety of platforms and devices. Trakopolis has a diversified revenue stream from oil and gas, forestry, transportation, mining, gas detection and insurance.
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation that are not historical facts. Forward-looking statements involve risks, uncertainties, and other factors that could cause actual results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, statements regarding the ongoing services of The Howard Group and the achievement of Trakopolis' capital markets objectives. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to the success of The Howard Group and Trakopolis in achieving Trakopolis' capital markets objectives, general business, economic and social uncertainties, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments, those additional risks set out in the Trakopolis' public documents filed on SEDAR at www.sedar.com and other matters discussed in this news release. Although Trakopolis believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, Trakopolis disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Neither 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.
SOURCE Trakopolis IoT Corp.
For further information: Brent Moore, President & CEO, Tel: (403) 450-7854, Email: [email protected]; The Howard Group Inc., Dave Burwell, Vice President, Tel: (403) 221-0915, Toll Free: 1-888-221-0915, Email: [email protected]