Toronto, Ontario--(Newsfile Corp. - March 15, 2022) - Xigem Technologies Corporation (CSE: XIGM) (FSE:2C1) ("Xigem" or the "Company"), a technology provider for the emerging remote economy, today announced that it has retained Hybrid Financial Ltd. ("Hybrid"). The service provided by Hybrid to the Company is a database of Registered Financial Professionals in North America. Hybrid is not promoting the specific purchase or sale of securities. It provides its database, technology, and call center services to enable the issuer to disseminate its information to Financial Professionals only. Hybrid provides its services directly to the Company.
Hybrid has agreed to comply with all applicable securities laws and the policies of the Canadian Securities Exchange (the "CSE") in providing its services.
The Company has agreed to engage Hybrid on March 14, 2022 (the "Agreement"). The Agreement calls for an initial period of 12 months beginning March 14, 2022 (the "Initial Term"), and then shall be renewed automatically for successive six-month periods thereafter, unless terminated by the Company in accordance with the Agreement. Hybrid will be paid a monthly fee of $22,500, plus applicable taxes, during the Initial Term.
About Xigem Technologies Corporation
Established in Toronto, Ontario, Xigem is positioned to become a leading technology provider for the emerging near trillion-dollar remote economy, with software capable of improving the capacity, productivity, and overall remote operations for businesses, consumers, and other organizations. iAgent, the Company's patented technology, FOOi, its proprietary peer-to-peer mobile payments app, and Cylix Data, its business intelligence engine, is intended to provide organizations, businesses, and consumers with the tools necessary to thrive in a vast array of remote working, learning and treatment environments, while the Company looks to aggregate a portfolio of innovative technologies capable of disrupting traditional business models.
www.xigemtechnologies.com
Instagram: @xigemtechnologies
Twitter: @XigemTech
Facebook: @xigemtechnologies
LinkedIn: www.linkedin.com/company/xigem-technologies
About Hybrid Financial Ltd.
Hybrid connects issuers to the investment community across North America. Using a data-driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid has offices in Toronto and Montreal.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking statements. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information and forward-looking statements contained herein include, but are not limited to, statements regarding: the potential benefits of the Company's engagement with Hybrid; the Company's ability to become a leading technology provider; the Company's future business plans; and the growth of the remote economy.
Forward-looking information in this news release is based on certain assumptions and expected future events, namely the capabilities of the Company's products and their ability to provide benefits to users as expected or at all; the Company's ability to retain and protect its intellectual property and that the remote economy will continue to grow and develop as currently anticipated.
These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: risks relating to the Company's contractual relationships and the Company's ability to maintain those relationships; the potential that the Company's products will not perform as expected and/or will not be accepted by users or provide the benefits to users as currently anticipated; risks related to the Company's intellectual property and threats to such intellectual property; and risks relating to the remote economy and the potential that it will not continue to grow as expected or at all.
Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement and reflect the Company's expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Xigem Technologies Corporation
On behalf of the Company:
Brian Kalish, Chief Executive Officer
For further information:
Phone: (647) 250-9824 ext.4
Investors: investors@xigemtechnologies.com
Media: media@xigemtechnologies.com
www.xigemtechnologies.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116915
