Baltimore, Maryland--(Newsfile Corp. - December 24, 2020) - Slinger Bag (OTCQB: SLBG), a sports brand focused on innovating game improvement equipment for ball sports and an artificial intelligence analytics platform with an initial business focus on the global tennis market is pleased to announce its successful uplisting from the OTC Pink to the OTCQB® Venture Market. The up listing is effective as of the open of trading on December 24, 2020.
The OTCQB® Venture Market is for early-stage and developing U.S. and international companies. Eligible companies must be current in their reporting and undergo an annual verification and management certification process. Companies are additionally required to meet a minimum bid price and may not be in bankruptcy.
"Uplisting to the OTCQB is an important milestone in the growth of Slinger as a company," said Slinger CEO Mike Ballardie. "Our decision to move up to the OTCQB Venture Market reflects the building interest in our story, and was the logical next step in our strategy as we work to maximize shareholder value. Trading on the OTCQB will enhance our visibility in the investment community, increase trading liquidity, open the Company to institutional investors, and broaden our shareholder base. We look forward to leveraging this momentum as we remain focused on building Slinger to be a leading global sports brand."
Slinger Bag enables tennis players to get out on court to play at any time without the need to find a playing partner - whether that be at their club, local park, on their driveways or in any other available open space. Slinger Bag is lightweight, wheeled like a trolley bag, and easily transported in the trunk of the smallest saloon or sedan car. It offers players the versatility to store all of their tennis gear including racquets, shoes, towels and accessories. Slinger is developing Slinger Bags for other ball sports as well as a disruptive artificial intelligence platform that will forever change how players of all levels train and optimize their game.
Slinger bag is currently available in 37 countries on every continent across the globe.
For more information or to order a Slinger Bag: visit www.slingerbag.com
For Investor Relations inquiries visit www.slingerbagir.com or contact investors@slingerbag.com or 443-407-7564
For Slinger Bag media enquiries contact the Press Office, Joe Murgatroyd, Press@slingerbag.com, at Brandnation, +44(0)207 940 7294
Legal Counsel: Kalfa Law, Contact Shira@kalfalaw.com
About Slinger Bag® Slinger Bag® is a new sports brand focused on delivering innovative, game improvement technologies and equipment across all Ball Sport categories. With the vision to become a next-generation sports consumer products company, Slinger Bag® enhances the skill and enjoyment levels of players of all ages and abilities. Slinger Bag® is initially focused on building its brand within the global Tennis market, through its Slinger Bag® Tennis Ball Launcher, Accessories and technology platform. Slinger Bag® has underpinned its proof of concept with over $200M in retail value of global distribution agreements since the Spring of 2020. Led by CEO Mike Ballardie (former Prince CEO and Wilson EMEA racquet sports executive) Slinger Bag® is now primed to disrupt what are traditional global markets with its patent-pending, highly transportable and affordable Slinger Bag® Launcher.
Slinger Bag Disclaimer: Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release that are not strictly historical are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve a high degree of risk and uncertainty, are predictions only and actual events or results may differ materially from those projected in such forward-looking statements. Factors that could cause or contribute to differences include the uncertainty regarding viability and market acceptance of the Company's products and services, the ability to complete development plans in a timely manner, changes in relationships with third parties, product mix sold by the Company and other factors described in the Company's most recent periodic filings with the Securities and Exchange Commission, including its 2019 Annual Report on Form 10-K and quarterly reports on Form 10-Q.
Forward-Looking Statements: This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and Private Securities Litigation Reform Act, as amended, including those relating to the Company's product development, clinical and regulatory timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statement that are predictive in nature. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the industry and markets in which we operate and management's current beliefs and assumptions.
These statements may be identified by the use of forward-looking expressions, including, but not limited to, "expect," "anticipate," "intend," "plan," "believe," "estimate," "potential, "predict," "project," "should," "would" and similar expressions and the negatives of those terms. These statements relate to future events or our financial performance and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include those set forth in the Company's filings with the Securities and Exchange Commission. Prospective investors are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
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