Ciscom Corp. Announces Signing of Advisory Agreement

Rhea-AI Summary

Ciscom Corp. (CSE: CISC) (OTCQB: CISCF), an ICT sector investment and management company, has signed an advisory agreement with MapleGrow Capital Inc. Under the terms, Ciscom will compensate MapleGrow with a monthly payment of $3,000 in cash and $1,500 in common shares, plus HST. The share price will be based on the 10-day volume-weighted average closing price on the Canadian Securities Exchange for the month of service. This agreement aims to provide Ciscom with general business advisory services, potentially supporting its growth and acquisition strategies in the ICT sector.

Positive

• Secured advisory services to potentially support growth and acquisition strategies
• Partial payment in shares may help conserve cash

Negative

• Monthly cash outflow of $3,000 for advisory services
• Potential dilution of shareholder value due to monthly share issuance

Toronto, Ontario--(Newsfile Corp. - August 29, 2024) - Ciscom Corp. (CSE: CISC) (OTCQB: CISCF) ("Ciscom" or "the Company"), a company dedicated to investing in, acquiring, and managing businesses within the Information and Communication Technology ("ICT") sector, is pleased to announce that it has entered into a general business advisory agreement ("Agreement") with MapleGrow Capital Inc. ("MapleGrow").

Pursuant to the Agreement, the Company has agreed to compensate MapleGrow with a monthly payment of $3,000 in cash and a monthly issuance to MapleGrow of $1,500 in common shares of the Company (the "Compensation Shares"), plus applicable HST. The Compensation Shares will be issued upon receipt of each monthly invoice from MapleGrow for services rendered and will be priced at the volume-weighted average closing price of the Company's common shares, as quoted on the Canadian Securities Exchange, across the last ten trading days of the month in which the invoiced services were performed.

About Ciscom Corp.
Ciscom actively invests in, acquires, and manages market leading companies within the Information and Communication Technology ("ICT") sector, targeting SMEs with proven profitability. This approach allows entrepreneurs to monetize their equity and continue contributing, enhancing shareholder value through acquisitions. As a leader in omni-media, particularly in data-driven marketing, Ciscom, through its subsidiaries, optimizes advertising spend across platforms, ensuring high ROI and customer engagement. Strategic ICT acquisitions bolster service offerings and shareholder value, marking Ciscom as an emergent force in the data driven and technology market. Ciscom became an issuer in June 2023 on the CSE and October 2023 on the OTCQB. Ciscom has two subsidiaries, namely Market Focus Direct and Prospect Media Group. For more information, visit CiscomCorp.com.

For more information, contact:
Michel Pepin
President, CFO and Director, Ciscom Corp.
mpepin@ciscomcorp.com
(416) 366 9727
@CiscomCorp

Cautionary Statement

This news release contains certain statements that constitute forward-looking statements as they relate to Ciscom and its management. Forward-looking statements are not historical facts but represent management's current expectation of future events and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "should", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct or will come to pass. Forward-looking statements include statements and information regarding any anticipated investing in or acquisition of additional companies in the ICT sector, the anticipated development or trend of the capital markets and the size of corporate entities such markets may favour, any expected opportunities which may become available to Ciscom and the ability or choice of Ciscom to avail itself thereof, any expected competitive advantage which Ciscom may have, any expected increase of or change in shareholder value, any expected continuance of Ciscom's relations with its banking and other business partners and any expected maintenance of the quality thereof, the quality and continuance of Ciscom's financial management and governance standards, the continuation and term of the Agreement, any amount of compensation to be paid by the Company pursuant to the Agreement, any services expected to be performed for the Company pursuant to the Agreement, any issuance of shares in connection with the Agreement and the price or prices thereof, expectations of operational excellence, expectations of optimized advertising spend, high returns on investments for customers and high levels of customer engagement, future expectations of growth and profits, any ranking of Ciscom relative to comparable companies and competitors, future grants of equity incentive awards, future payments of dividends, the future plans for the Company, and other forward-looking information.

By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions, or events to differ materially from those in the forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: general commercial risks inherent to operating non-manufacturing businesses; the capital requirements of the Company and ability to maintain adequate capital resources to carry out its business activities; the ability to identify ICT target acquisitions and complete such transactions on an economic basis or at all, and successfully integrate those businesses; the ability to convert the potential in the pursued business opportunities to tangible benefits to the Company or its shareholders; risks of a material adverse change to the Company's assets or revenue; stock market, interest rate and debt market volatility; changing capital market valuations; the ability of the Company to continue as a going concern; dependence on key personnel; the Company's early stage of development; potential losses on investments; unstable and potentially negative economic conditions; fluctuations in interest rates; competition for investments within the ICT sector; maintenance of client relationships; maintaining a listing on the Canadian Securities Exchange; risks related to potential dilution in the event of future financings; no previous public market for the shares; volatility of the market price for the Company's securities; audit risk; litigation risk and risk of future legal proceedings; jurisdictional and regulatory risk; lack of operating cash flow; volatility; additional funding requirements; adverse general economic conditions; competition; conflicts of interest; the early stage of Ciscom's business; income tax matters; availability and terms of financing; rising costs related to inflation; and effects of market interest on price of securities and potential dilution; and those factors detailed in the Company's prospectus dated June 5, 2023 and other public documents filed under Ciscom's profile at www.sedarplus.ca. Ciscom has also assumed that no significant events occur outside of Ciscom's normal course of business.

Ciscom cautions that the foregoing list of factors is not exhaustive. In addition, although Ciscom has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended. When relying on Ciscom's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Ciscom 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 Ciscom as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Ciscom does not undertake to update this information at any particular time except as required in accordance with applicable laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/221558

FAQ

What is the advisory agreement Ciscom Corp. (CISCF) signed on August 29, 2024?

Ciscom Corp. signed a general business advisory agreement with MapleGrow Capital Inc., involving monthly payments of $3,000 in cash and $1,500 in common shares, plus HST.

How will the compensation shares for MapleGrow be priced under Ciscom's (CISCF) new agreement?

The compensation shares will be priced at the volume-weighted average closing price of Ciscom's common shares on the Canadian Securities Exchange over the last ten trading days of each service month.

What is the purpose of Ciscom Corp.'s (CISCF) agreement with MapleGrow Capital Inc.?

The agreement is for general business advisory services, likely to support Ciscom's strategies in investing, acquiring, and managing businesses within the Information and Communication Technology sector.