Appliqate Launches Hybrid/Virtual Event & Technology Acquisition Strategy

Rhea-AI Summary

Appliqate Inc. (OTC: APQT) unveiled a comprehensive acquisition strategy aimed at boosting growth in a $1 trillion global live event market. Under CEO Una Taylor's leadership, the company intends to streamline operations and focus on identifying acquisition targets to enhance existing portfolios, including ELEV8 and Doclock. The rising demand for hybrid and virtual events, fueled by COVID-19, has opened investment opportunities in event technology companies. This strategy positions Appliqate to leverage economies of scale and achieve profitable growth through acquisitions.

Positive

• Focused on acquisition strategy to enhance growth.
• Targeting the rapidly expanding $1 trillion live event technology market.
• Existing strong portfolios like ELEV8 and Doclock in growth sectors.

Negative

• None.

Wyoming, March 11, 2021 (GLOBE NEWSWIRE) -- Appliqate Inc. (OTC: APQT) announced a comprehensive acquisition strategy as part of its ongoing expansion. This move will elevate the company in the rapidly evolving industry and align the business with growth strategies that optimize its core values to accelerate a new business model.

Appliqate’s core business operations and portfolios, including ELEV8, Doclock and GPS Cash, are under the management of Founder and CEO Una Taylor. The company’s current portfolio includes a global platform for livestream, on-demand audio, video, and podcast content which puts Appliqate in an industry leading position. Speaking on Appliqate’s immediate plans for the future Taylor said, “Maintaining momentum in our existing portfolios, coupled with identifying acquisition targets is our immediate focus. This includes accelerating innovation, driving long-term growth, and developing new business models to shape the future of our company.”

Under Taylor’s leadership and the company’s Advisory Board, a new strategy has been developed for Appliqate to execute and expand faster in rapidly growing market segments. Appliqate will focus on its recent and future acquisitions to streamline operations, improve company-wide efficiency and allocate resources that support profitable growth.

The global live event and event technology sector is over a $1 trillion market. Pre-pandemic, the event industry was at an all-time high, but due to lockdowns in every geographical region, the industry was forced to lean into new models, including virtual and hybrid business models. Innovative technology applications enabled the largest B2B events, consumer events, music, sporting, and other events to continue throughout COVID-19. Demand for hybrid and virtual events swelled, resulting in over $700mm being invested in event technology companies. The market dynamics and future growth outlook represents a massive opportunity for Appliqate to scale revenue and deliver profitable growth through acquisition.

The acquisition strategy creates a platform to leverage economies of scale, capitalize on tangential segments of the market and take advantage of a public vehicle in an industry where few exist.

About Appliqate Inc: Appliqate Inc is a publicly-traded technology development firm that provides businesses, executives and investors access to capital and innovative solutions by utilizing platforms and business models to disrupt industry sectors. With an emphasis on media, blockchain, live entertainment, and intellectual property, the company accelerates the growth of tech solutions in these markets. Our management team represents a unique combination of technology development, operating, investing, financial and transactional expertise.

Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as “may”, “will”, “to”, “plan”, “expect”, “believe”, “anticipate”, “intend”, “could”, “would”, “estimate,” or “continue”, or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risk, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date hereof. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the SEC including the Current Reports on Form 8-K and the Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K. Except as required by law, we assume no obligation to update these forward-looking statements publicly or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

For more information contact:

Contact:
Una Taylor: Una@Appliqate.com
Inquires: Investorrelations@appliqate.com
305-507-3335 | www.appliqate.com

FAQ

What is Appliqate's acquisition strategy for 2021?

Appliqate aims to streamline operations and enhance growth through a comprehensive acquisition strategy, focusing on identifying targets that align with its business model.

How does the live event market opportunity affect APQT?

The global live event market, valued over $1 trillion, presents Appliqate with significant growth opportunities, particularly in hybrid and virtual event technology.

What are Appliqate's current business portfolios?

Appliqate's current portfolios include ELEV8, Doclock, and GPS Cash, focusing on livestream, audio, and video content.

Who is leading Appliqate's business operations?

Appliqate is led by Founder and CEO Una Taylor, who is driving the company's acquisition strategy and operational focus.

Why is Appliqate focused on acquisitions?

The acquisition strategy is designed to capitalize on market opportunities and enhance efficiency, aligning with Appliqate's long-term growth objectives.