edgeTI Engages Independent Trading Group as Market Maker

Rhea-AI Summary

Edge Total Intelligence Inc. (OTCQB: UNFYF) has engaged Independent Trading Group for market-making services, aiming to enhance liquidity for its common shares on the TSX Venture Exchange. The initial term of the agreement is three months, with a monthly fee of CAD$5,000. In a separate move, edgeTI has ended its engagement with Sophic Capital for investor relations, effective December 15, 2022. These strategies are part of the company’s efforts to strengthen its market presence and operational efficiency.

Positive

• Engaged Independent Trading Group for market-making services to improve liquidity.
• Monthly compensation of CAD$5,000 for ITG is structured, with clear terms.

Negative

• Ended engagement with Sophic Capital, indicating potential shifts in investor relations strategy.

edgeTI also ends service agreement with Sophic Capital

ARLINGTON, Va., Jan. 16, 2023 (GLOBE NEWSWIRE) -- Edge Total Intelligence Inc. (TSXV: CTRL, OTCQB: UNFYF, FSE: Q5i)(“edgeTI”, “We”, “Our” or the “Company”), is pleased to announce that subject to regulatory approval, it has engaged the services of Independent Trading Group ("ITG") to provide market-making services in accordance with TSX Venture Exchange TSXV policies. ITG will trade shares of the Company on the TSXV and all other trading venues with the objective of maintaining a reasonable market and improving the liquidity of the Company's common shares.

Under the agreement, ITG will receive compensation of CAD$5,000 per month, payable monthly in advance. The agreement is for an initial term of three months and renews for additional one-month terms unless terminated. The agreement may be terminated by either party with 30 days' notice. There are no performance factors contained in the agreement and ITG will not receive shares or options as compensation. ITG and the Company are unrelated and unaffiliated entities and at the time of the agreement, neither ITG nor its principals have an interest, directly or indirectly, in the securities of the Company.

The Company also announces it has ended its engagement with Sophic Capital Inc. effective December 15, 2022, for strategic investor relations and capital markets communication services.

About Independent Trading Group

ITG is Canada's only brokerage firm dedicated specifically to professional trading. As Canada's foremost Market Making Firm, ITG provides Market Making and Liquidity Provider services that are objective and focused. With its head office in Toronto, ITG employs real traders and provides real liquidity, with an underlying emphasis on integrity and success.

About edgeTI

edgeTI helps customers sustain situational awareness and accelerate data-driven action with its real-time digital operations software, edgeCore™. Global enterprises, service providers, and governments are more profitable when insight and action are united to deliver fluid experiences via the platform's low-code development capability and composable experiences. With edgeCore, customers improve their margins and agility by rapidly transforming siloed systems and data across evolving, complex situations in business, technology, and cross-domain operations — helping them achieve the impossible.

Website: https://edgeti.com
LinkedIn: www.linkedin.com/company/edgeti
YouTube: www.youtube.com/user/edgetechnologies
Twitter: @edgesuite

For further Information contact:

Nick Brigman
Phone: 888-771-3343
Email: ir@edgeti.com

Neither the TSX Venture Exchange 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.

Forward-Looking Information and Statements

Certain statements in this news release are forward-looking statements or information for the purposes of applicable Canadian and US securities law. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including but not limited to, completion of due diligence by the lender, business, economic and capital market conditions.

Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, the impact of Covid-19 or other viruses and diseases on the Company's ability to operate, competition and general economic, market or business conditions. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

FAQ

What is the purpose of the engagement with Independent Trading Group for UNFYF?

EdgeTI engaged ITG to provide market-making services to improve the liquidity of its shares on the TSXV.

When did edgeTI end its agreement with Sophic Capital?

EdgeTI ended its engagement with Sophic Capital effective December 15, 2022.

How much is edgeTI paying for market-making services?

EdgeTI will pay CAD$5,000 per month to Independent Trading Group for its services.

What is the initial term for the agreement with Independent Trading Group?

The agreement with ITG is for an initial term of three months.

What are the objectives of edgeTI's market-making agreement?

The objective is to maintain a reasonable market and improve the liquidity of edgeTI's common shares.