XRApplied Receives OTCQB Symbol and Provides Update on Metaverse

Rhea-AI Summary

XRApplied Technologies Inc. has announced that OTC Markets accepted its updated corporate profile, and FINRA has assigned the symbol XRAPF. Trading under this new symbol commenced on November 8, 2021. The company focuses on immersive technology solutions, particularly AR/VR e-commerce applications, and aims to leverage opportunities presented by the growing interest in the metaverse, particularly after Facebook's rebranding to Meta.

Positive

• New trading symbol XRAPF enhances visibility and accessibility for investors.
• Focus on AR/VR e-commerce applications positions XRA for growth in an expanding market.

Negative

• None.

VANCOUVER, British Columbia, Nov. 08, 2021 (GLOBE NEWSWIRE) -- XRApplied Technologies Inc. (“XRA” or, the “Company”) (CSE: XRA, OTCQB: XRAPF) The Company is pleased to announce that OTC Markets have accepted for filing the Company’s updated corporate profile and FINRA has issued the Company the new symbol XRAPF. XRApplied will start trading under the new symbol XRAPF at market open on Monday Nov 8^{th, 2021}.

About XRApplied Technologies Inc. (XRA)
XRA is an immersive technology solutions provider that specializes in bringing cost-efficient AR/VR e-commerce applications to large and small businesses. We accomplish this through a suite of proprietary products and services (AR catalog, toy gamification, AR App e-commerce, AR/VR interactive games) that we bring to the masses via our exclusive XRA Marketing Platform.

About the Metaverse
One of the biggest catalysts for the growth of AR/VR/MR is undoubtedly the recent rebranding of Facebook to Meta. This has sent a signal that Facebook’s “Metaverse” will play an essential role in how we connect in the future. Successfully taking advantage of the opportunities of the metaverse will require a diverse set of skills, including 3D modelling, AR/VR implementation and NFT/ smart contract coding and marketing. We believe that we are one of only a handful of Companies with the depth of talent to help industries embrace the metaverse and become early adopters to gain a significant market advantage.

Download the XRApplied news App on iOS or Google to stay up to date on the latest Metaverse and industry news, events, hardware releases and more. You can also download the App via our website www.xrapplied.com

Further information about XRApplied is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and the Company’s website, www.xrapplied.com

For Further information about the Company, please contact:        
Alexandria Stone, Spyrock Consulting Inc.
Telephone 604.351.6259
Email: ir@xrapplied.com

Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or accept responsibility for the adequacy or accuracy of this press release.

Forward-Looking Information:

This press release contains forward-looking statements. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to a number of factors and risks discussed in the Company's Management's Discussion and Analysis under the Company's profile on www.sedar.com. While the Company may elect to, it does not undertake to update this information at any time.

FAQ

What is the new trading symbol for XRApplied Technologies?

The new trading symbol for XRApplied Technologies is XRAPF.

When did XRApplied start trading under the new symbol XRAPF?

XRApplied started trading under the new symbol XRAPF on November 8, 2021.

What services does XRApplied Technologies provide?

XRApplied Technologies specializes in immersive technology solutions, particularly cost-efficient AR/VR e-commerce applications.

How does Facebook's rebranding to Meta affect XRApplied Technologies?

Facebook's rebranding to Meta signals growth opportunities in the metaverse, which XRApplied aims to capitalize on through its AR/VR solutions.