HUNTER TECHNOLOGY EXPANDS TEAM WITH TRADING, BLOCKCHAIN AND PRODUCT DESIGN SPECIALISTS

Rhea-AI Summary

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.

Positive

• Addition of two senior software engineers with experience from major online marketplaces and trading platforms.
• New product designer with a track record from reputable consumer brands, enhancing user experience.
• Team expansion aimed at accelerating product development for OilEx, scheduled for mid-year release.

Negative

• None.

VANCOUVER, British Columbia , April 05, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Hunter Technology Corp. (TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) (“Hunter” or the “Company”) is pleased to announce it has expanded its core product team with the addition of two seasoned technology platform developers as well as an accomplished product designer.

• Hunter’s two new senior software engineers bring extensive experience from online marketplaces including Amazon and CompareAsiaGroup as well as online trading platforms BNP Paribas and Diginex. These corporate experiences will expand the technology team with specialised expertise in marketplace technology, trading systems and blockchain development.
• Hunter has also secured a seasoned user experience and branding expert with proven track record to design customer-centric user interfaces from prior project experience with consumer brands such as Nike and Gucci. Enhancing its product design expertise will augment Hunter’s ability to differentiate its platform, creating an effortless digital experience that will increase user activation and improve customer loyalty.

With Hunter’s legacy oil exploration and transaction experience, coupled with its growing team of experienced professionals, Hunter is delivering on its commitment of being a technology-driven player with a mission to transform the energy sector. The recent team expansion will further help Hunter expedite its delivery and ensure a robust product that adds true value to its clients.

The current phase of the company is one of research-based product development with the core team executing against aggressive product goals that were set at the beginning of the year. The Company is well on track for the OilEx market release with live transactions mid-year. The new team members joining now will further support progress in critical areas and help carry forward the positive momentum.

With the recent private release of the OilEx live pilot ahead of schedule and the latest additions to the product team, Hunter is confident it will be able to further accelerate time to market for its full platform launch.

About Hunter Technology Corp.
Hunter Technology Corp. develops interactive software platforms powered by blockchain technology that digitalize and streamline physical oil trading throughout the transaction lifecycle. With its solutions, Hunter delivers more favorable economics and fair market access for all and promotes the transition towards a more environmentally and ethically responsible ecosystem.  Its flagship product OilEx will connect independent oil producers, buyers, and traders in a trusted digital marketplace to optimize prices, simplify processes, improve transparency, and support a reduced carbon footprint.  Through its data analytics capabilities, Hunter will offer real time supply chain management tools for tracking the origin, transhipment and processing of hydrocarbons and the environmental, social and governance (ESG) compliance during their life cycle.

ON BEHALF OF THE BOARD OF DIRECTORS
Florian M Spiegl
Chief Executive Officer
(888) 977-0970

For further information, visit our website at www.huntertechnology.com

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Cautionary Statement Regarding Forward-Looking Information.
This news release contains certain statements which may constitute forward-looking statements or information (collectively, "forward-looking statements") regarding Hunter’s business development plans. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, including factors beyond Hunter’s control, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", "will" or be "on track to" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements (including execution risk, market risk, industry risk, market reaction, the impact of general economic conditions and competition from other industry participants, as well as stock market volatility). In this news release, forward-looking statements relate to, among other things, Hunter’s business development plans as well as Hunter’s future performance as it develops its business. Although Hunter believes that the expectations in its forward-looking statements are reasonable, they are based on factors, estimates and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statement. Such factors include, but are not limited to: risks relating to delays, development and marketing risks, unforeseen requirements resulting from the COVID-19 pandemic, commodity prices, inability to access, on favorable terms, sufficient capital from internal and external sources, the ability to access, hire and retain employees; regulatory changes and impacts, timing and completion of the Company's online platforms as well as general business, economic, competitive, political and social uncertainties. As such, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this news release are made as of the date of this news release and, except as required by applicable law, Hunter does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Trading in the securities of Hunter should be considered highly speculative. There can be no assurance that Hunter will be able to achieve all or any of its proposed objectives. Please review Hunter’s SEDAR filings including its management discussion and analysis available under the Company's profile at www.sedar.com for a more fulsome discussion of risk factors affecting Hunter.

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FAQ

What recent developments has Hunter Technology Corp. announced?

Hunter Technology Corp. has expanded its product team with new senior software engineers and a product designer to enhance its technology capabilities.

What is the significance of the new team members for Hunter Technology Corp.?

The new team members are expected to expedite product development for the OilEx digital trading platform.

When is Hunter Technology Corp.'s OilEx platform expected to launch?

The OilEx platform is scheduled for mid-year release.

What experience do the new engineers bring to Hunter Technology Corp.?

The new engineers have extensive experience from online marketplaces like Amazon and trading platforms such as BNP Paribas.

How does Hunter Technology Corp. plan to impact the oil trading industry?

Hunter aims to transform oil trading through blockchain technology, promoting transparency and fair market access.