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TechX Announces Effective Date of Name Change

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TechX Technologies Inc. (CSE: TECX, OTC: TECXF) announced the effective date of its name and symbol change to Mobilum Technologies Inc. (new symbol: MBLM). This transition will take effect on July 21, 2021, allowing for enhanced branding and technological integration following the acquisition of Mobilum OU. The company's shift aims to better reflect its business activities in digital payment infrastructure and asset management. The new trading details, including the CUSIP number 60743X103, have also been outlined.

Positive
  • Acquisition of Mobilum OU enhances technology and product features.
  • Rebranding to Mobilum Technologies Inc. aligns with business activities.
  • Effective name change reflects strategic growth.
Negative
  • None.

VANCOUVER, BC, July 20, 2021 /PRNewswire/ - TechX Technologies Inc. ("TechX'' or the "Company'') (CSE: TECX) (OTC: TECXF) (FRA: C0B1), a technology driven company making traditional finance accessible through compliant digital payment infrastructure and digital asset management technologies, is pleased to confirm the effective date for the name and symbol change, as announced on July 15, 2021.

The recent acquisition of Mobilum OU will allow for the integration of additional product features in the Company's technology and platform.  The name change is part of a rebranding effort to better represent the overall business activities of the Company and its technology. 

Effective at the opening on Wednesday, July 21, 2021, the shares of the Company will commence trading on the Canadian Securities Exchange under the name "Mobilum Technologies Inc." and stock symbol "MBLM".

Transfer Agent:  Odyssey Trust Company
Trading Symbol: MBLM (new)
CUSIP Number: 60743X103 (new)
Record Date: July 22, 2021

About TechX Technologies Inc.

TechX Technologies Inc. (CSE:TECX) (OTC:TECXF) (FRA:C0B1) a technology driven company making traditional finance accessible through compliant digital payment infrastructure and digital asset management technologies.

This news release may contain certain "Forward-Looking Statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws.  When or if used in this news release, the words "anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and similar words or expressions identify forward-looking statements or information.  Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

Related Links
https://tech-x.io/

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SOURCE TechX Technologies Inc.

FAQ

What is the new name of TechX Technologies Inc.?

TechX Technologies Inc. is changing its name to Mobilum Technologies Inc.

When will the name and symbol change take effect for TECXF stock?

The name and symbol change will take effect on July 21, 2021.

What is the new stock symbol for TechX Technologies after the change?

The new stock symbol will be MBLM.

What is the reason behind the name change of TechX Technologies?

The name change is part of a rebranding effort to better represent the company's activities in digital payments and asset management.

What was the acquisition mentioned in TechX's press release?

TechX acquired Mobilum OU, which will enhance the company's technology and product features.

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