01 Communique Announces the Engagement of Hybrid Financial Ltd. for Investor Relations

Rhea-AI Summary

01 Communique Laboratory (TSXV:ONE; OTCQB:OONEF) has engaged Hybrid Financial Ltd. for investor relations services to enhance market awareness and broaden investment reach across Canada and the U.S. This partnership will last 12 months and includes a monthly fee of $22,500, payable upon financing completion. The company, recognized for its post-quantum cybersecurity solutions, particularly IronCAP™, aims to address future computing threats. Hybrid Financial operates in both Toronto and Montreal while ensuring compliance with applicable securities laws.

Positive

• Engagement of Hybrid Financial for investor relations aims to enhance market presence.
• IronCAP™ technology positions the company in the growing post-quantum cybersecurity sector.

Negative

• The monthly fee of $22,500 may strain financial resources until financing is secured.
• The reliance on financing to pay for investor relations could indicate cash flow challenges.

TORONTO, ON / ACCESSWIRE / March 22, 2022 / 01 Communique Laboratory Inc. (TSXV:ONE)(OTCQB:OONEF) (the "Company") one of the first-to-market, enterprise level cybersecurity providers for the quantum computing era, is pleased to announce that it has retained Hybrid Financial Ltd. ("Hybrid") to provide investor relations services to the Company. Hybrid has been engaged to heighten market and brand awareness for the Company and to broaden the Company's reach within the investment community both in Canada and the United States. Hybrid Financial has offices in Toronto and Montreal.

Hybrid provides its services directly to the Company. Hybrid has agreed to comply with all applicable securities laws and the policies of the TSX Venture Exchange (the "TSXV") in providing the Services.

Hybrid has been engaged by the Company for an initial period of 12 months (the "Initial Term") which shall be renewed automatically for successive six month periods thereafter, unless terminated by the Company. Hybrid will be paid a monthly fee of $22,500, plus applicable taxes, during the Initial Term, such payment in respect of the Initial Term to be deferred until such time as the Company completes a financing, or if it decides not to complete a financing during the Initial Term, at the conclusion of the Initial Term. None of Hybrid or its principals have an interest, directly or indirectly in the Company or its securities, and act at arm's length to the Company. The appointment of Hybrid remains subject to regulatory acceptance of applicable filings with the TSXV.

About 01 Communique

Established in 1992, 01 Communique (TSX-V:ONE; OTCQB:OONEF) has always been at the forefront of technology. The Company's cyber security business unit focuses on post-quantum cybersecurity with the development of its IronCAP™ technology. IronCAP™'s patent-protected cryptographic system is an advanced Goppa code-based post-quantum cryptographic technology that can be implemented on classical computer systems as we know them today while at the same time can also safeguard against attacks in the future post-quantum world of computing. The Company's remote access business unit provides its customers with a suite of secure remote access services and products under its I'm InTouch and I'm OnCall product offerings. The remote access offerings are protected in the U.S.A. by its patents #6,928,479 / #6,938,076 / #8,234,701; in Canada by its patents #2,309,398 / #2,524,039 and in Japan by its patent #4,875,094. For more information, visit the Company's web site at www.ironcap.ca and www.01com.com.

About Hybrid Financial Ltd.

Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid Financial has offices in Toronto and Montreal.

Cautionary Note Regarding Forward-looking Statements

Certain statements in this news release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, such statements use such words as "may", "will", "expect", "believe", "anticipate", "plan", "intend", "are confident" and other similar terminology. Such statements include statements regarding the business prospects of IronCAP™ and IronCAP X™, the future of quantum computers and their impact on the Company's product offering, the functionality of the Company's products and the intended product lines for the Company's technology. These statements reflect current expectations regarding future events and operating performance and speak only as of the date of this news release. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the matters discussed in the forward-looking statements, including, but not limited to, a delay in the anticipated adoption of quantum computers and a corresponding delay in Q-Day, the ability for the Company to generate sales, and gain adoption of, IronCAP™ and IronCAP X™, the ability of the Company to raise financing to pursue its business plan, competing products that provide a superior product, competitors with greater resources and the factors discussed under "Risk and Uncertainties" in the company's Management`s Discussion and Analysis document filed on SEDAR. Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update or revise them to reflect new events or circumstances.

Neither TSX Venture Exchange ("TSX-V") nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

INVESTOR CONTACT:

Brian Stringer
Chief Financial Officer
01 Communique
(905) 795-2888 x204
Brian.stringer@01com.com

SOURCE: 01 Communique Laboratory, Inc.

View source version on accesswire.com:
https://www.accesswire.com/694052/01-Communique-Announces-the-Engagement-of-Hybrid-Financial-Ltd-for-Investor-Relations

FAQ

What is the purpose of engaging Hybrid Financial Ltd. for 01 Communique?

01 Communique aims to increase market and brand awareness by engaging Hybrid Financial Ltd. for investor relations services.

How much will 01 Communique pay Hybrid Financial for its services?

01 Communique will pay Hybrid Financial a monthly fee of $22,500 during the initial engagement period.

What technology does 01 Communique focus on?

01 Communique specializes in post-quantum cybersecurity with its IronCAP™ technology.

What is the duration of the contract with Hybrid Financial?

The contract with Hybrid Financial is for an initial period of 12 months, automatically renewed for six-month terms unless terminated.

What are the potential risks associated with 01 Communique's forward-looking statements?

Potential risks include delays in quantum computer adoption and challenges in generating sales and securing financing.