Toronto, ON and The Woodlands, TX – August 10, 2017 – UpSnap Inc. (CSE: UP) (“UpSnap” or the “Company”), a leading provider of mobile advertising solutions, today announced the election of its Board of Directors from its Annual General Meeting (“AGM”) of Shareholders, held on August 10, 2017.
Shareholders elected Bruce Howard (CEO and Director), Heather Burrer, Michael Inskip, Rance Walls and Daniel Hilton.
“We are very excited to have Daniel Hilton join our board,” said Bruce Howard, CEO of UpSnap. “Over the past few quarters we have been investing in making our technology more efficient and improving the quality of our revenue, resulting in us reporting our first quarter of profitability. We are confident that we have built the strong foundation needed to scale our business and further accelerate growth through potential acquisitions.”
The Shareholders of the Company also overwhelmingly passed the following resolutions:
a) The appointment of the auditors for the ensuing year and authorization of the Corporations board of directors to fix the remuneration of the auditors
b) The option to consolidate the share capital of the Corporation on the basis of fifty (50) existing Common Shares for one (1) new Common Share at a later date, if necessary
UpSnap provides highly-targeted, data-driven mobile advertising to attract the ideal audience for brands big and small. Combining first-party proprietary data and real-time analytics, UpSnap goes beyond location to deliver site agnostic and results-driven campaigns that produce qualified, engaged customers. UpSnap tailors each campaign to align with unique business goals, delivering the right customers for more meaningful exposure and better business results.
For further information, please contact:
Alex Pekurar, CPA, CA
Chief Financial Officer
email@example.com Babak Pedram
Virtus Advisory Group Inc.
Caution Regarding Forward Looking Information
Certain information set out in this News Release constitutes forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “hope”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “intend”, “could”, “might”, “should”, “scheduled”, “believe” and similar expressions. The forward- looking information set out in this News Release relates to future events or our future performance and includes: (i) the continued growth of recurring subscription revenue; (ii) the continued reduction in operating expenses; (iii) the Company’s ability to succeed in the mobile advertising market by focusing on the underserved small and medium sized business market.
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions on the date of this news release, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. Forward-looking statements involve substantial known and unknown risks, uncertainties and other factors which cause actual results to vary from those express or implied by such forward looking statements. These statements should not be read as guarantees of future performance or results, and they will not necessarily be accurate indications of whether or not such results will be achieved.
The forward-looking statements contained in this press release are made as of the date hereof and based on what management of the company believes are reasonable assumptions. The Company disclaims any intention or obligation to update or publicly revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required under applicable securities laws. Furthermore, the Company does not assume responsibility for the accuracy and completeness of the forward looking statements set out in this news release. The Company’s forward looking statements are expressly qualified in their entirety by the foregoing cautionary statements.
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