LEGIBLE INC - LEBGF STOCK NEWS

Legible Inc. (CSE: READ, OTCQB: LEBGF) has partnered with Dundurn Press Limited, a prominent independent publisher in Canada, to develop two of its bestselling titles into innovative Living Books. This partnership marks a significant step in Legible's digital transformation strategy, aiming to expand their audience and enhance reader engagement through multimedia features such as animations, audio, and video. The selected titles include Money Like You Mean It by Erica Alini and Against the Seas by Mary Soderstrom. By integrating rich media, the project seeks to generate additional revenue while forging valuable connections with the arts and entertainment sectors. Legible continues to solidify its position as a leader in digital publishing, committed to innovative reading experiences.

Legible Inc. (CSE:READ, OTCQB:LEBGF) has launched the #GOTransitReads Book Club in partnership with Metrolinx, enhancing literature access for over seven million residents in the Greater Toronto and Hamilton Area. The inaugural book, The Perfect Marriage by Jeneva Rose, is a suspense thriller with plans for adaptation into film or TV. This initiative aims to boost brand awareness and sales by driving traffic to Legible’s ebookstore and providing curated selections to GO Transit riders through GO Wi-Fi Plus. It emphasizes Legible’s commitment to promoting reading and transforming digital publishing.

Legible Inc. (CSE: READ, OTCQB: LEBGF) announced the integration of OpenAI's ChatGPT into its eBookstore's search engine, LibrarianAI. This innovative AI tool is designed to enhance book discovery, offering personalized recommendations to users among two million eBooks. The Open Beta launches in Q1, with a full release in Q2 as part of the premium membership service, Legible Unbound. With an estimated global eBook market size projected to grow from USD 20 billion in 2022 to USD 32 billion by 2032, Legible aims to leverage AI to boost sales and customer engagement.

Legible Inc. has successfully closed the first tranche of its unit offering private placement, raising $438,100 from issuing 3,982,727 units at $0.11 per unit. The company has increased the offering size from $550,000 to $1,100,000 due to high demand. Alongside this, Legible has partnered with Tim Urban for his upcoming book, "What’s Our Problem?: A Self-Help Book for Societies," to be published digitally in early 2023. The proceeds from the private placement will support technology development, marketing efforts, and general working capital needs.

Legible Inc. (CSE: READ, FSE: D0T, OTCQB: LEBGF) has successfully qualified for trading on the OTCQB Venture Market, effective today. This milestone is expected to enhance the company’s visibility and accessibility among U.S. investors and brokers. Legible will continue to trade on the Canadian Securities Exchange (CSE) and Frankfurt Stock Exchange (FSE). CEO Kaleeg Hainsworth highlighted this achievement as a step to broaden their audience and awareness for their eReading and audiobook offerings. Legible is committed to creating innovative reading experiences globally, aiming to form new partnerships in the U.S. market.

Legible Inc. has partnered with King Features Syndicate to become the first online distributor of its content in Canada. This alliance will allow Legible to offer both classic and new comics from King Features through its browser-based online bookstore. Additionally, the partnership aims to explore the development of unique animated digital comics and interactive games. CEO Kaleeg Hainsworth highlighted that this collaboration enhances Legible's existing library of about two million eBooks. The partnership signifies a notable expansion into the entertainment sector for Legible and aims to boost its readership across Canada.

Legible Inc. (CSE: READ, OTC: LEBGF) has announced significant advancements for 2023, focusing on its browser-based eReading platform, Legible.com. Highlights include the launch of Legible Unbound, an AI-driven membership plan, and the introduction of audiobooks, positioning Legible as a pioneer in multimedia reading. The company also plans to expand in the U.S. market, enhancing investor access. A non-brokered private placement offering Units at $0.11 per share aims to raise up to $550,000 for technology development and marketing. The offering is set to close around January 20, 2023, subject to conditions.

Legible Inc. has appointed Peter Diemer as a Strategic Advisor, bringing extensive experience in media and technology to enhance the company's initiatives in rich media Living Books and digital collectibles. Diemer's background includes leadership roles at Live Nation and Majik Bus Entertainment. Additionally, Legible has received DTC eligibility, allowing its shares to clear electronically in the U.S., potentially increasing liquidity and market access for investors. This move is expected to broaden the company's investor base and enhance trading efficiency.

Legible Inc. has increased the size of its private placement of units from $500,000 to $694,566, successfully closing by issuing 6,945,656 units at $0.10 per unit. The net proceeds amount to $691,119, aimed at technology development, marketing, and working capital. The company also noted interest from authors for converting ePubs into its unique Living Books format. Additionally, the engagement terms with Red Cloud Securities Inc. were amended to a $7,000 monthly fee until March 2023.