HELLO PAL INTL INC ORD - HLLPF STOCK NEWS

Hello Pal International Inc. has engaged Maxim Group LLC to provide advisory and investment banking services for a potential up-listing on the NASDAQ Capital Market in 2022. This move aims to enhance visibility and attract a broader base of investors in the U.S. The company believes that listing on NASDAQ will add significant value and is optimistic about meeting the exchange's requirements. Maxim Group will receive a cash fee and potentially up to 400,000 restricted shares based on performance milestones.

Hello Pal International Inc. achieved a record revenue of $3,047,000 CAD in August 2021, primarily driven by its livestreaming and cryptocurrency mining operations. The company reported a gross margin of 65% for crypto-mining and 9% for livestreaming. This revenue surge marks a significant milestone as Hello Pal expands its services beyond China to markets in the Middle East and South East Asia. The founder noted this achievement reflects the success of their earlier market expansion efforts.

Hello Pal International Inc. (HLLPF) reported a revenue of $2,542,000 CAD in July 2021, marking a significant increase compared to $12,334,363 CAD for the financial year from March 1, 2021, to July 31, 2021, up from $3,720,783 CAD in the same period last year. The gross margins were 61% for crypto-mining and 8% for livestreaming. Despite a decline in crypto-mining due to equipment relocation and falling prices of Litecoin and Dogecoin, the livestreaming sector continues to thrive with expanding international markets.

Hello Pal International Inc. (HLLPF) announced updates on its Crypto Pal app and mining operations. Approximately one-third of its Litecoin miners are utilizing renewable hydro power. The mining operations have a gross profit margin of 73%. The Crypto Pal app, which integrates cryptocurrency into Hello Pal's platform, is set to launch soon, aiming to enhance user interaction and retention. A digital wallet will enable cryptocurrency earning opportunities, with future potential for user participation in mining. Additionally, Language Pal is expected to be reintroduced later this year.

Hello Pal International Inc. reported record revenues of $2,820,264 CAD for June 2021, contributing to a total year-to-date revenue of $15,401,124 CAD. The company attributes this growth to its livestreaming services and profitable cryptocurrency mining operations, with a gross margin of 73% in crypto-mining and 8% in livestreaming. Hello Pal continues to expand its user base, particularly in the Middle East and Southeast Asia, and plans to integrate its new Crypto Pal app with its services.

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.

Hello Pal International Inc. reported a revenue of $2.58 million CAD for May 2021, marking the sixth consecutive month exceeding $2 million CAD. The company credits its success to the acquisition of a 51% interest in Crypto Pal Technology Limited, which enhances its livestreaming and cryptocurrency mining services. Despite the growth, the gross margin stands at 10% and future profitability remains uncertain, as the company continues its growth phase. Upcoming reports will separate revenue streams from livestreaming and crypto mining operations.

Hello Pal International Inc. has successfully acquired a 51% interest in Crypto Pal Technology Ltd. for $3.5 million, comprising $1.5 million in cash and 1.8 million units. This acquisition positions Hello Pal as the first publicly listed company primarily focused on mining Dogecoin, leveraging Crypto Pal's 12,500 mining rigs. The integration of cryptocurrency aims to enhance user growth and livestream revenues, particularly in regions with unstable local currencies. The company is set to launch a beta version of a cryptocurrency-focused app, further expanding its services.

Hello Pal International Inc. (OTC: HLLPF) announces the release of C$7.25 million from a brokered private placement, which was completed on May 12, 2021. The funds facilitated the acquisition of cryptocurrency mining rigs for Dogecoin and Litecoin, finalized on May 25, 2021. The subscription receipts converted into 5,800,000 common shares and 2,899,999 warrants, each allowing the purchase of shares at $2.00 until May 2023. Canaccord Genuity Corp. acted as the agent for the offering, receiving additional warrants as compensation.