Hello Pal Appoints Sean Prescott as Advisor

Rhea-AI Summary

Hello Pal International Inc. (OTC:HLLPF) appointed Sean Prescott as an advisor to enhance its cryptocurrency capabilities. Prescott, founder of UniCrypt, will aid in enabling users to trade cryptocurrencies and transfer digital assets on a decentralized platform. A beta version of the digital wallet for transferring Dogecoin is expected soon, potentially expanding Hello Pal's livestreaming user base beyond China. Prescott brings over two decades of experience in enterprise IT and banking, which will support Hello Pal's growth strategy.

Positive

• Appointment of Sean Prescott as advisor to strengthen cryptocurrency trading capabilities.
• Development of a beta version of a digital wallet for Dogecoin transfers, targeting user growth.

Negative

• Hello Pal is still in the growth stage and current revenues have not yet reached profitability.

VANCOUVER, BC, Feb. 23, 2022 /PRNewswire/ -- Hello Pal International Inc. ("Hello Pal" or the "Company") (CSE:HP) (Frankfurt:27H) (OTC:HLLPF), a provider of rapidly growing international live-streaming, language learning and social-crypto platform, is pleased to announce that it has appointed Sean Prescott as an advisor of Hello Pal.

"Sean, as founder of UniCrypt, developed and commercialized a payment interface between fiat and crypto currency. Together with our collaboration with UniCrypt, Sean will be instrumental in rolling out our plans to permit Hello Pal users to trade cryptocurrencies and transfer digital assets over a decentralized trading platform," said KL Wong, Founder and Chairman of the Company.

"The technical teams at UniCrypt and Hello Pal will be finalizing a beta version of the digital wallet within the next week.  With the beta version of the wallet, Hello Pal users will be able to transfer Doge coin amongst each other.  We anticipate this will have positive affect on the livestreaming user base and its continued growth outside of China."

Mr. Prescott is the founder and executive chairman of UniCrypt and has over two decades of experience in the enterprise information technology & banking industry.  Sean has established a wide range of complex project knowledge as a contractor, consultant, program manager, developer and security analyst. His work varies from developing cross-platform trading systems, over real-time end-to-end communication encryption frameworks, to high-performance/high-security order routing systems.

To download Hello Pal, Language Pal, Travel Pal or the proprietary Phrasebooks please visit the IOS or Android store. For information with respect to the Company or the contents of this news release, please contact the Company at (604) 683-0911 or visit the website at hellopal.com. Email inquiries can be directed to: investors@hellopal.com.

About the Hello Pal Platform

The Hello Pal Platform is a proprietary suite of mobile applications built on a user-friendly messaging interface that focus on social interaction, language learning and travel. Hello Pal, has been designed from the ground up to be easy to use and enables users' the freedom to speak in their own language regardless of the other person's language they are speaking to. Hello Pal's overriding mission is to bring the world closer together through social interaction, language learning and travel. By creating a platform where it is easy to instantly interact with others around the world and giving them the tools to communicate with each other in a joyful and fun way, we hope to do our part (however small) in fostering understanding and tolerance between all citizens of the world.

Information set forth in this news release contains forward-looking statements. These statements reflect management's current estimates, beliefs, intentions, and expectations; they are not guarantees of future performance. Hello Pal cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Hello Pal's control. Such risks and uncertainties are described in Hello Pal's annual and interim financial statements available on www.sedar.com . Although Hello Pal is currently generating revenues, Hello Pal remains in the growth stage and such revenues are yet to be profitable.  Accordingly, actual, and future events, conditions and results may differ materially from the estimates, beliefs, intentions, and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Hello Pal undertakes no obligation to publicly update or revise forward-looking information.

THE CSE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

 

Hello Pal International
200 – 500 Denman Street
Vancouver, BC, V6G 3H1, Canada
p 604-683-0911

View original content:https://www.prnewswire.com/news-releases/hello-pal-appoints-sean-prescott-as-advisor-301488625.html

SOURCE Hello Pal International Inc.

FAQ

Who is Sean Prescott and what will his role be at Hello Pal?

Sean Prescott is the newly appointed advisor at Hello Pal, bringing vast experience from UniCrypt to enhance the company's cryptocurrency trading capabilities.

What is the significance of the digital wallet beta version for Hello Pal?

The beta version of the digital wallet will allow users to transfer Dogecoin, potentially increasing user engagement and growth for Hello Pal's platform.

How will Sean Prescott's appointment impact Hello Pal's growth?

Prescott's expertise in cryptocurrency and technology is expected to provide strategic direction that could enhance Hello Pal's services and user base.

What challenges does Hello Pal face despite its developments?

Despite advancements, Hello Pal remains in a growth stage, and its revenues are currently not profitable, indicating potential financial risks.