LOGIQ INC - LGIQ STOCK NEWS

Logiq has acquired a controlling interest in 4.5 million shares of Lovarra through its subsidiary, GoLogiq LLC. This strategic move is part of Logiq's plan to spin off its AppLogiq and DataLogiq segments into independent public companies. The transfer of AppLogiq's mobile e-commerce solutions and fintech platform to Lovarra is expected to enhance shareholder value and capitalize on growth opportunities in Southeast Asia's e-commerce and fintech markets. The standalone valuation for AppLogiq is estimated at over $100 million.

Logiq, Inc. (OTCQX: LGIQ) has been invited to present at the Benchmark Discovery 1x1 Investor Conference on December 2, 2021. President Brent Suen will lead the presentation and participate in one-on-one meetings with institutional analysts and investors. The company recently reported Q3 2021 results, highlighting an 11% increase in revenues to $7.8 million and a gross profit rise of 108% to $2.3 million. Additionally, Logiq plans to separate its AppLogiq and DataLogiq businesses into two publicly traded entities, aiming to enhance growth opportunities.

Logiq, a provider of consumer acquisition solutions, reported a Q3 2021 revenue increase of 11% to $7.8 million, with gross profit up 108% to $2.3 million. The company achieved a gross margin of 29.5%, up 13.7 percentage points year-over-year. Operating expenses rose to $8.1 million due to increased administrative costs, leading to a net loss of $5.8 million. The company plans to separate its DataLogiq and AppLogiq divisions into independent entities, aiming for higher valuations and targeting $50 million to $75 million in 2022 revenue.

Logiq (OTCQX: LGIQ) will present at the ROTH 10th Annual Technology Event on November 17-18, 2021. President Brent Suen will lead discussions and one-on-one meetings with investors. The company is moving to separate its AppLogiq™ and DataLogiq™ divisions into two publicly traded entities to enhance growth in e-commerce and fintech.

Logiq recently reported preliminary revenues exceeding $7.7 million, a 10% increase year-over-year, with gross margins nearly doubling to 29.0%. A full report on Q3 results is expected on November 15, 2021.

Logiq (OTCQX: LGIQ) has responded to OTC Markets Group regarding recent promotional activities involving its stock. Following a marketing engagement with Civet Digital, third-party marketing firms were involved in distributing promotional materials that highlighted Logiq's business and growth potential. The company asserts that all published materials were accurate and compliant with SEC regulations. Moreover, Logiq disclosed preliminary Q3 results showing increased revenues and margins, alongside a potential spin-off of its AppLogiq unit.

Logiq (LGIQ) reported Q3 revenue exceeding $7.7 million, showcasing growth in consumer acquisition solutions. The full results will be disclosed on November 15, 2021, along with a conference call with President Brent Suen. Meanwhile, Northstar Gold (NSGCF) has made progress with exploration at its Miller Gold Property, drilling 1,450 meters in 11 holes. Lastly, ShaMaran announced receipt of C$32.1 million in sales for August 2021, including $11.8 million net to the company. Investors await further insights from upcoming interviews.

Logiq, Inc. (OTCQX: LGIQ) has partnered with PT Bank Pembiayaan Rakyat Syariah Insan Cita Aritha Jaya in Indonesia to provide micro-finance and digital payment services to over 18,000 customers. Utilizing its mobile fintech platform, PayLogiq, Logiq will offer an eWallet and other financial products, with full services expected in three months. This partnership, following government approval for lending rates, aims to enhance financial inclusion in Indonesia's growing digital financial market, projected to increase at a CAGR of 34% to US$8.6 billion by 2025.

Logiq, Inc. (OTCQX: LGIQ) announced a plan to separate its DataLogiq and AppLogiq businesses into two independent public companies to enhance shareholder value. This decision follows a strategic review aimed at maximizing growth opportunities in the e-commerce and fintech sectors. AppLogiq will be acquired by another publicly traded entity, allowing it to focus on mobile e-commerce and fintech initiatives. This separation is expected to complete by year-end, subject to conditions, with market analysts suggesting AppLogiq's valuation could reach $100 million.

Logiq, Inc. (OTCQX: LGIQ) reported a positive transformation in its business during an interview with CEO Brent Suen. The company has achieved significant year-over-year revenue growth and improved margins, aided by strategic acquisitions and a reorganization. Logiq's balance sheet is now healthier, and it aims for a NASDAQ listing amidst strong customer acquisition activity, including partnerships with major companies. The board has been strengthened with independent directors, enhancing governance and supporting the company’s growth trajectory.