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HALLMARK VENTURE GROUP, INC. SECURES INITIAL $50,000 IN BRIDGE FINANCING AND WELCOMES NEW DIRECTOR

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Hallmark Venture Group (OTC: HLLK) has secured $50,000 in bridge financing to support its expansion in search engine marketing and machine learning initiatives. The company announced the appointment of Nick Cardosi to its Board of Directors and relocated its headquarters to Las Vegas, Nevada. HLLK has partnered with Creative Venture Capital for traffic generation to the Jubilee platform with revenue-sharing arrangements. Additionally, the company formalized an Executive Compensation Agreement with CEO Evan Bloomberg, including $1,000,000 in common stock, $340,000 annual salary, and performance-based bonuses.

Hallmark Venture Group (OTC: HLLK) ha ottenuto un finanziamento ponte di $50.000 per sostenere la sua espansione nel marketing dei motori di ricerca e nelle iniziative di apprendimento automatico. L'azienda ha annunciato la nomina di Nick Cardosi nel suo Consiglio di Amministrazione e ha trasferito la sua sede a Las Vegas, Nevada. HLLK ha collaborato con Creative Venture Capital per la generazione di traffico sulla piattaforma Jubilee con accordi di condivisione dei ricavi. Inoltre, l'azienda ha formalizzato un Accordo di Compenso Esecutivo con il CEO Evan Bloomberg, che include $1.000.000 in azioni ordinarie, uno stipendio annuale di $340.000 e bonus basati sulle performance.

Hallmark Venture Group (OTC: HLLK) ha conseguido $50,000 en financiación puente para respaldar su expansión en marketing de motores de búsqueda e iniciativas de aprendizaje automático. La compañía anunció el nombramiento de Nick Cardosi en su Junta Directiva y trasladó su sede a Las Vegas, Nevada. HLLK se ha asociado con Creative Venture Capital para la generación de tráfico en la plataforma Jubilee con acuerdos de reparto de ingresos. Además, la empresa formalizó un Acuerdo de Compensación Ejecutiva con el CEO Evan Bloomberg, que incluye $1,000,000 en acciones ordinarias, un salario anual de $340,000 y bonificaciones basadas en rendimiento.

Hallmark Venture Group (OTC: HLLK)는 검색 엔진 마케팅 및 기계 학습 이니셔티브의 확대 지원을 위해 $50,000의 다리 자금을 확보했습니다. 회사는 Nick Cardosi를 이사회의 임원으로 임명했으며 본사를 네바다주 라스베이거스으로 이전했습니다. HLLK는 수익 공유 계약과 함께 Jubilee 플랫폼에 대한 트래픽 생성을 위해 Creative Venture Capital과 파트너십을 체결했습니다. 또한, 회사는 CEO Evan Bloomberg와 $1,000,000의 보통주, 연봉 $340,000 및 성과 기반 보너스를 포함하는 경영 보상 계약을 공식화했습니다.

Hallmark Venture Group (OTC: HLLK) a obtenu un financement relais de 50 000 $ pour soutenir son expansion dans le marketing des moteurs de recherche et les initiatives d'apprentissage automatique. L'entreprise a annoncé la nomination de Nick Cardosi au conseil d'administration et a transféré son siège social à Las Vegas, Nevada. HLLK a établi un partenariat avec Creative Venture Capital pour la génération de trafic vers la plateforme Jubilee avec des accords de partage des revenus. De plus, l'entreprise a formalisé un Accord de Rémunération Exécutive avec le PDG Evan Bloomberg, incluant 1 000 000 $ en actions ordinaires, un salaire annuel de 340 000 $ et des primes basées sur la performance.

Hallmark Venture Group (OTC: HLLK) hat eine Brückenfinanzierung in Höhe von 50.000 $ gesichert, um seine Expansion im Bereich Suchmaschinenmarketing und maschinelles Lernen zu unterstützen. Das Unternehmen gab die Ernennung von Nick Cardosi in seinen Vorstand bekannt und verlegte seinen Hauptsitz nach Las Vegas, Nevada. HLLK hat sich mit Creative Venture Capital zusammengeschlossen, um den Traffic für die Jubilee-Plattform mit Umsatzbeteiligungsvereinbarungen zu generieren. Darüber hinaus hat das Unternehmen einen Executive Compensation Agreement mit CEO Evan Bloomberg formalisiert, das 1.000.000 $ in Stammaktien, ein Jahresgehalt von 340.000 $ und leistungsbasierte Boni umfasst.

Positive
  • Secured $50,000 in bridge financing for expansion
  • New partnership with Creative Venture Capital for traffic generation
  • Strategic relocation to Las Vegas market
Negative
  • Significant executive compensation package ($1.34M) relative to announced financing ($50K)
  • initial bridge financing amount may not sufficiently support growth initiatives

LAS VEGAS, Nov. 5, 2024 /PRNewswire/ -- Hallmark Venture Group, Inc. (OTC: HLLK) ("HLLK" or the "Company") is pleased to announce in an 8k filed today that it has secured $50,000 in initial bridge financing. This funding will drive the Company's ongoing expansion in search engine marketing (SEM), support machine learning advancements, and facilitate key talent acquisition.

The Company is also excited to welcome Nick Cardosi as the newest member of its Board of Directors, strengthening its leadership team and enhancing its expertise.

Additionally, Hallmark Venture Group has moved its principal place of business to Las Vegas, Nevada, positioning the Company for further growth and market accessibility.

In partnership developments, HLLK has entered into an agreement with Creative Venture Capital LTD ("CVC"). Under this agreement, CVC will continue to introduce high-quality traffic to the Jubilee platform, with revenue-sharing arrangements in place to benefit both parties.

The Company has also formalized an Executive Compensation Agreement with its President and CEO, Evan Bloomberg. The 24-month agreement includes $1,000,000 in shares of Company common stock, an annual salary of $340,000, and a tiered performance bonus linked to quarterly revenue milestones.

About Hallmark Venture Group, Inc.

Hallmark Venture Group, Inc. (OTC: HLLK) is a digital marketing leader specializing in machine learning and AI solutions to automate and optimize ad campaigns. The Company's platform provides real-time insights that maximize ROI with minimal manual intervention.

Through its subsidiary, Jubilee Intel, HLLK continues to pioneer advancements in digital marketing. The team is focused on cutting-edge projects to enhance keyword research, traffic quality, and time-series data analysis, all aimed at boosting efficiency and profitability for digital advertising campaigns.

Safe Harbor Statement

Safe Harbor This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may","would", "will", "estimate", "can", "believe", "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in the Company's filings with the Securities and Exchange Commission and/or OTC Markets.

Cision View original content:https://www.prnewswire.com/news-releases/hallmark-venture-group-inc-secures-initial-50-000-in-bridge-financing-and-welcomes-new-director-302296928.html

SOURCE Hallmark Venture Group, Inc.

FAQ

What is the amount of bridge financing secured by Hallmark Venture Group (HLLK) in November 2024?

Hallmark Venture Group (HLLK) secured $50,000 in initial bridge financing.

What are the terms of HLLK's CEO compensation package announced in November 2024?

The CEO's 24-month compensation package includes $1,000,000 in common stock, $340,000 annual salary, and performance-based quarterly bonuses.

What is the partnership agreement between HLLK and Creative Venture Capital ?

HLLK partnered with Creative Venture Capital to drive traffic to the Jubilee platform with revenue-sharing arrangements between both companies.

Where did Hallmark Venture Group (HLLK) relocate its headquarters in 2024?

Hallmark Venture Group relocated its principal place of business to Las Vegas, Nevada.

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