HUNTER TECHNOLOGY CORP - HOILF STOCK NEWS

Hunter Technology Corp. (OTCQB: HOILF) has partnered with Singapore-based fintech firm RootAnt to enhance its blockchain capabilities in the oil trading sector. This collaboration aims to integrate blockchain infrastructure with Hunter's oil marketplace, OilEx, improving transaction efficiency through smart contracts. The partnership will also facilitate access to trade finance options and promote sustainability-linked supply chain finance. Hunter's technology aims to optimize oil trading processes, enhance transparency, and support ESG compliance.

Hunter Technology Corp. (HOILF) reported its fiscal year-end results for 2020, showcasing significant operational changes. The company transitioned from oil exploration to technology, highlighted by a $2 million CAD private placement and the acquisition of FinFabrik Limited. Total assets soared to $11.8 million USD, while total equity surged by 795% to $10.4 million USD. However, the company reported a loss of $1.1 million USD, a 78% increase compared to 2019. The OilEx and OilExchange platforms are under development, targeting a public launch in Q4 2021.

Hunter Technology Corp. (HOILF) announced the appointment of Mr. Alex Wong to its Board of Directors, effective immediately. Wong, a co-founder of China Soft Capital, brings over 30 years of executive experience in international software companies and a strong track record in strategic investments. His past roles include President of SAS Greater China and CEO of Pansky Technology Group. This appointment follows the departure of Andrew Hromyk, previously announced on April 23, 2021. CEO Florian M. Spiegl expressed confidence in Wong's ability to support the company's growth ambitions.

Hunter Technology Corp. (OTCQB: HOILF) announces the resignation of Andrew Hromyk as Director. Hromyk, previously CEO of Hunter Oil Corp., was key in the successful reorganization and monetization of the company's Permian oil and gas assets, totaling approximately $43 million in 2018. His efforts raised over $5 million in capital, enhancing shareholder value before distributing a significant portion of sale proceeds as tax-free capital dividends. Hromyk departs to focus on his private capital management firm, First Finance Limited. Hunter expresses gratitude for his contributions during his tenure.

Hunter Technology Corp. (HOILF) announced a strategic partnership with WellDatabase, enhancing its OilEx platform. This collaboration integrates well data from North America, providing OilEx users with access to millions of well profiles, streamlined market information, and advanced data analytics. The partnership aims to improve transaction efficiency, optimize pricing, and support environmental responsibilities in the oil industry. Hunter's blockchain-powered platform continues to advance in the digital oil trading market.

Hunter Technology Corp. (OTCQB: HOILF) is advancing digital innovation in the oil sector through its platform, OilEx, aimed at small independent producers. These producers generate significant revenue, accounting for 22% of U.S. oil. The company recently acquired FinFabrik to enhance its blockchain capabilities, allowing efficient and transparent oil transactions. Hunter plans to launch its OilEx marketplace by the end of the year, facilitating live transactions. The firm foresees capturing market share in physical oil transactions over the next three to five years while enhancing its blockchain solutions.

Hunter Technology Corp. (OTCQB: HOILF) announces the expansion of its product team with two experienced software engineers and a product designer. This strategic move aims to enhance its technology capabilities in marketplace and trading systems, fortifying its upcoming OilEx digital platform. The team expansion will expedite product development, with the OilEx market release set for mid-year. Hunter focuses on transforming physical oil trading through blockchain technology, promoting transparency and economic fairness.

Hunter Technology Corp. (HOILF) has launched its OilEx Platform for market testing, targeted for live pilot transactions by Q2 2021. The platform features five core functions aimed at enhancing oil trading processes, including producer and purchaser profiles, efficient listing processes, an interactive market map, secure communications, and document storage. Live testing will provide critical user insights and improve product-market fit, accelerating time to market for the full launch. Hunter's CEO emphasized the significance of this milestone for future growth.

Hunter Technology Corp. (HOILF) announces the private release of its OilEx platform as a minimum viable product (MVP) set for April 2021. The MVP aims to facilitate live pilot transactions for hydrocarbon producers and purchasers by providing interactive market data, secure communication channels, and structured document storage. The testing phase will gather insights on user needs to ensure product-market fit. Additionally, Hunter appointed Dr. Florian M Spiegl to its Board of Directors, enhancing its expertise. The OilEx platform aims to optimize oil trading, promoting transparency and environmental responsibility.