INEO Announces Engagement of Market-Maker Services from Independent Trading Group

Rhea-AI Summary

INEO Tech Corp. (TSXV: INEO; OTCQB: INEOF) has engaged Independent Trading Group (ITG) for market-making services to enhance liquidity on the TSX Venture Exchange. The agreement, effective November 9, 2021, includes a cash fee of $5,000 per month for a minimum of three months, with automatic monthly extensions unless terminated. ITG will not receive shares as compensation and has no prior interests in INEO. The market-making initiative aims to ensure an orderly trading market for INEO's securities.

Positive

• Engagement of ITG enhances market liquidity.
• Monthly cash fee of $5,000 for market-making services indicates commitment to orderly trading.

Negative

• None.

SURREY, BC, Nov. 9, 2021 /PRNewswire/ - INEO Tech Corp. (TSXV: INEO) (OTCQB: INEOF) (the "Company" or "INEO"), an innovative provider of location-based digital advertising, analytics and loss prevention solutions for retailers, today announced it has entered into a market-making agreement with Independent Trading Group ("ITG") pursuant to which ITG has agreed to provide market-making services to the Company in accordance with the policies of the TSX Venture Exchange (the "TSXV") and applicable laws.

ITG will trade the securities of the Company on the TSXV for the purposes of maintaining an orderly market. None of ITG nor its affiliates or associates has any interest directly or indirectly in the Company or its securities, or any right or intent to acquire such an interest. In consideration of the services provided by ITG, the Company will pay ITG a monthly cash fee of $5,000 for a minimum term of three months, which will automatically extend for successive one-month terms unless terminated by either party on thirty days' prior notice. The services provided by ITG will commence today, November 9, 2021. ITG will not receive shares or other securities as compensation.  The capital used for market making will be provided by ITG.

INEO Tech Corp.
Per:      "Kyle Hall"
Kyle Hall, Chief Executive Officer and Director

About INEO Tech Corp.        

INEO Tech Corp., through its wholly owned subsidiary, INEO Solutions Inc., provides retailers, advertisers and brands with The INEO Welcoming Network, a patented in-store and online location-based advertising network that enhances the customer experience, monetizes the entrances of retail stores and protects against retail theft.  The INEO Welcoming Network is a revolutionary cloud-based digital advertising and data analytics system, which sends customized advertising to digital screens integrated with theft detection sensor gates at the entrance of retail stores.  INEO is headquartered in Surrey, Canada and publicly traded on the TSX-Venture Exchange under the symbol "INEO".

For more information please visit:  www.ineosolutionsinc.com.

About ITG

ITG is a full-service securities dealer regulated by the Investment Industry Regulatory  Organization  of Canada, and is dedicated specifically to professional trading. ITG's head office is located at 370 King Street W, Suite 701, Toronto, Ontario, M5V 1J9.

Forward-Looking Statements

Investors are cautioned that, except as disclosed in the disclosure document, any information released or received with respect to the Company may not be accurate or complete and should not be relied upon.  Trading in securities of the Company should be considered highly speculative.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectations. Important factors – including the availability of funds, acceptance of the Company's products, competition, and general market conditions – that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed on SEDAR, including the Annual Information Form for the year ended June 30, 2020 filed on SEDAR December 3, 2020. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither the 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.

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SOURCE INEO Tech Corp.

FAQ

What does the market-making agreement between INEO and ITG entail?

INEO Tech Corp. has engaged ITG for market-making services to enhance liquidity on the TSX Venture Exchange, effective November 9, 2021.

How much is INEO paying ITG for market-making services?

INEO will pay ITG a monthly fee of $5,000 for their market-making services.

How long is the market-making agreement with ITG intended to last?

The market-making agreement will last for a minimum of three months, with automatic monthly extensions.

Will ITG receive equity compensation for their services?

No, ITG will not receive shares or equity compensation for their market-making services.

What is INEO Tech Corp.'s business focus?

INEO Tech Corp. specializes in location-based digital advertising, analytics, and loss prevention solutions for retailers.