Zoomd Technologies Engages Generation IACP Inc. To Provide Market Making Services.

Rhea-AI Summary

Zoomd Technologies Ltd. (TSXV: ZOMD, OTC: ZMDTF) announced on Sept. 8, 2020, its engagement of Generation IACP Inc. for market-making services to enhance liquidity of its shares, pending TSX Venture Exchange approval. The monthly fee for these services is set at $7,500 plus taxes, with no share compensation. The agreement will last six months, automatically renewing unless terminated with a 30-day notice. Zoomd operates as a MarTech platform, providing user-acquisition and engagement solutions to advertisers, integrating over 600 media sources into one dashboard.

Positive

• Engagement with Generation IACP Inc. aims to improve liquidity for Zoomd's shares.
• Monthly fee of $7,500 for services may enhance market-making.

Negative

• Market-making agreements may signal liquidity concerns.

VANCOUVER, Sept. 8, 2020 /PRNewswire/ -- Zoomd Technologies Ltd. (TSXV: ZOMD) (OTC: ZMDTF) https://www.zoomd.com) and its wholly-owned subsidiary Zoomd Ltd. (collectively, "Zoomd" or the "Company"), the marketing tech (MarTech) user-acquisition and engagement platform, announces that, subject to the receipt of approval by the TSX Venture Exchange ("TSX-V"), it has retained Generation IACP Inc. ("Generation") to provide market making services with the objective of maintaining a reasonable market and improving the liquidity of Zoomd's common shares.

Under the agreement between Generation and the Company (the  "Generation Agreement"), the Company has agreed to initially pay Generation a fee of $7,500 plus applicable taxes, per month. Generation will not receive any common share or options as compensation. Generation does not currently own any securities of Zoomd; however, Generation and its clients may acquire a direct interest in the securities of the Company.

Zoomd and Generation are unrelated and unaffiliated entities. Generation is a member of the Investment Industry Regulation Organization of Canada and a member firm of the Toronto Stock Exchange and the TSX-V. The initial term of the Generation Agreement will last 6 months, and such term will be automatically renewed for subsequent 6-month periods unless terminated earlier by 30 days prior written notice. Notwithstanding the foregoing, Generation shall have the right to terminate the agreement at any time upon prior written notice.

About Zoomd:

Zoomd (TSXV: ZOMD, OTC: ZMDTF), founded in 2012 and began trading on the TSX-V in September 2019, offers a site search engine to publishers, and a mobile app user-acquisition platform, integrated with a majority of global digital media, to advertisers. The platform unifies more than 600 media sources into one unified dashboard. Offering advertisers a user acquisition control center for managing all new customer acquisition campaigns using a single platform. By unifying all these media sources onto a single platform, Zoomd saves advertisers significant resources that would otherwise be spent consolidating data sources, thereby maximizing data collection and data insights while minimizing the resources spent on the exercise. Further, Zoomd is a performance-based platform that allows advertisers to advertise to the relevant target audiences using a key performance indicator-algorithm that is focused on achieving the advertisers' goals and targets.

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

Disclaimer IN REGARD TO Forward-looking statements

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to the TSX-V approving the arrangement between Generation and the Company. Forward-looking statements are necessarily based upon several estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that any of the forward-looking statements will prove to be accurate. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether because of new information, future events or otherwise, except as required by law.

The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this press release is expressly qualified in its entirety by this cautionary statement.

Logo: https://mma.prnewswire.com/media/1039696/Zoomd_Logo.jpg

For further information please contact:

Company Media Contacts
Amit Bohensky
Chairman
Zoomd
ir@zoomd.com 
Website: www.zoomd.com  

Investor Relations
Lytham Partners, LLC
Ben Shamsian
New York | Phoenix
ZOMD@lythampartners.com

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SOURCE Zoomd Technologies Ltd.

FAQ

What services is Zoomd Technologies hiring Generation IACP for?

Zoomd is hiring Generation IACP Inc. to provide market-making services to improve liquidity.

What is the cost of the market-making services for Zoomd?

Zoomd will pay Generation IACP a fee of $7,500 per month plus applicable taxes.

How long is the agreement between Zoomd and Generation IACP?

The initial term is six months and can be automatically renewed.

Is Generation IACP affiliated with Zoomd Technologies?

No, Generation IACP and Zoomd are unrelated and unaffiliated entities.

What is the purpose of the market-making services for Zoomd's shares?

The services aim to maintain a reasonable market and improve liquidity of Zoomd's shares.