Cloud DX Announces the Date of Its Second Quarter Investor Update and Earnings Call, Retention of Market Maker and Retention of IR Specialist

Rhea-AI Summary

Cloud DX (TSXV:CDX)(OTCQB:CDXFF) announced its second-quarter operating results will be released on August 16, 2021, followed by a live webcast on August 17, 2021, at 1:30 pm ET with CEO Robert Kaul. The company has engaged Generation IACP INC. for market-making services and Mercova Capital for investor relations, focusing on enhancing liquidity and market awareness. The market maker will receive $7,500 monthly, while the IR specialist will earn $3,500 monthly, both subject to a 30-day termination notice.

Positive

• Retention of Generation IACP INC. to enhance market liquidity.
• Engagement of Mercova Capital for investor relations to boost market awareness.

Negative

• None.

WATERLOO, ON / ACCESSWIRE / August 3, 2021 / Cloud DX (TSXV:CDX)(OTCQB:CDXFF), (the 'Company') a leading North American provider of virtual care and remote patient monitoring solutions today announced that the Company will publish its operating results for the second quarter of 2021 on Monday August 16^th, 2021.

The Company will host a live webcast with Robert Kaul, Cloud DX CEO to review its progress to date and its fiscal second quarter results beginning at 1:30 pm Eastern time on Tuesday August 17^th, 2021.

Those who wish to participate in the webcast should register at: https://zoom.us/webinar/register/WN_aoM3X1mORRmEUTNpQ32RHQ

Cloud DX is also pleased to announce that, subject to regulatory approval, it has retained Generation IACP INC. (GIACP) to initiate its market making services to the Company and Mercova Capital (Evan Eadie) to perform Investor Relations services both in compliance with the policies and guidelines of the TSX Venture Exchange (the TSXV) and other applicable legislation. GIACP will trade shares of Cloud DX on the TSXV for the purposes of maintaining a reasonable market and improving the liquidity of Cloud DX's common shares and Mercova Capital (Evan Eadie) will provide an investor outreach program among other services.

The agreement between GIACP and the Company sees the Company paying GIACP $7,500 per month during the term, payable quarterly in advance. The engagement may be terminated by either party with 30 days written notice. The Company and GIACP act at arm's length but GIACP and/or its clients may have an interest, directly or indirectly, in the securities of Cloud DX. The agreement is principally for the purposes of maintaining market stability and liquidity for the Company's common shares and is not a formal market making agreement. There are no performance factors contained in the agreement between GIACP and the Company and GIACP will not receive any shares or options from the Company as compensation for services it will render. Ari Scheer will be the service provider, has decades of industry experience and is a designated marker and ultimately a market maintenance and liquidity provider.

The agreement between Evan Eadie (Mercova Capital) and the Company sees the Company paying Mercova Capital $3,500 per month during the term, payable monthly in arrears. The engagement may be terminated by either party with 30 days written notice. The Company and Mercova Capital act at arm's length but Mercova Capital and/or its clients may have an interest, directly or indirectly, in the securities of Cloud DX. The agreement is principally for the purpose of creating market awareness for the Company. Evan Eadie will be the service provider.

About Cloud DX
Accelerating virtual healthcare's future, Cloud DX is making healthcare better for everyone. The company's Connected Health remote patient monitoring platform is used by healthcare enterprises and care teams across North America to virtually manage chronic disease, enable ageing in place and deliver hospital-quality post-surgical care. Providers partnering with Cloud DX achieve better healthcare and patient outcomes, reduce the need for hospitalization/re-hospitalization and reduce the costs of healthcare delivery through more efficient use of resources. Cloud DX is the co-winner of the Qualcomm Tricorder XPRIZE, a 2021 Edison Award winner, a Fast Company 'World Changing Idea' finalist and one of 'Canada's Ten Most Prominent Telehealth Providers.'

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.

Social Links
Twitter: https://twitter.com/CloudDX
Facebook https://www.facebook.com/clouddxinc/
LinkedIn https://www.linkedin.com/company/cloud-dx/
Instagram https://www.instagram.com/cloud.dx/

For media inquiries, please contact:
Ellyn Winters-Robinson
Ignition Communications (PR for Cloud DX)
519-574-2196
ellyn@ignition.ca

For investor inquiries, please contact:
Jay Bedard
Investor Relations Manager
647-881-8418
jay.bedard@CloudDX.com

SOURCE: Cloud DX Inc.

View source version on accesswire.com:
https://www.accesswire.com/658247/Cloud-DX-Announces-the-Date-of-Its-Second-Quarter-Investor-Update-and-Earnings-Call-Retention-of-Market-Maker-and-Retention-of-IR-Specialist

FAQ

When will Cloud DX report its second quarter results for 2021?

Cloud DX will publish its second quarter results on August 16, 2021.

What time is the Cloud DX earnings call?

The earnings call for Cloud DX is scheduled for August 17, 2021, at 1:30 pm ET.

What are the monthly costs associated with Cloud DX's market maker and investor relations services?

Cloud DX will pay $7,500 per month to Generation IACP INC. and $3,500 per month to Mercova Capital.