Hello Pal Comments on Market Activity at the Request of IIROC

Rhea-AI Summary

Hello Pal International Inc. (CSE: HP, OTC: HLLPF) addressed market activity inquiries from IIROC. The company's management stated they are not aware of any material changes in operations explaining the recent trading activity. Hello Pal focuses on social interaction and language learning through its mobile apps but remains in a growth phase and has yet to achieve profitability despite generating revenues. The company cautioned that future performance may vary significantly from current expectations due to uncertainties.

Positive

• Hello Pal is generating revenues, indicating some market interest.
• The company focuses on fostering social interaction and language learning, appealing to a growing market.

Negative

• Hello Pal remains unprofitable despite generating revenues, highlighting financial instability.
• Management is unaware of any operational changes, which could indicate a lack of strategic direction.

VANCOUVER, B.C., June 9, 2021 /PRNewswire/ -- Hello Pal International Inc. ("Hello Pal" or the "Company") (CSE: HP) (Frankfurt: 27H) (OTC: HLLPF), at the request of IIROC, wishes to confirm that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.

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

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SOURCE Hello Pal International Inc.

FAQ

What did Hello Pal International Inc. say about recent market activity?

Hello Pal stated they are unaware of any material changes in operations that would explain the increase in market activity.

Is Hello Pal profitable?

No, Hello Pal is in a growth stage and has not yet achieved profitability despite generating revenues.

What is the focus of Hello Pal's business?

Hello Pal focuses on social interaction and language learning through its suite of mobile applications.

What are the stock symbols for Hello Pal International Inc.?

Hello Pal trades on the CSE as HP, on the Frankfurt exchange as 27H, and on the OTC as HLLPF.