ZenaTech Inc., AI Drone and Enterprise SaaS Company, Announces Direct Listing on the Nasdaq Capital Market Under the Symbol ZENA
October 01 2024 - 7:30AM
ZenaTech, Inc. (Nasdaq: ZENA) (“ZenaTech”), a technology company
specializing in AI (Artificial Intelligence) drone and enterprise
SaaS (Software-as-a-Service) solutions for mission-critical
business applications, announces that trading of ZenaTech’s common
shares commenced today on the Nasdaq Capital Market under the stock
ticker symbol ZENA.
"We are pleased ZenaTech has reached the status of a publicly
listed company on Nasdaq," said CEO, Dr. Shaun Passley Ph.D. “This
achievement will help expand our universe of potential investors
and will enable our growth plans for drone solutions, incorporating
software and hardware innovations, for inspection, monitoring,
compliance, field service, and other applications to meet current
customer demand.”
Maxim Group LLC acted as exclusive financial advisor to ZenaTech
in connection with the direct listing.
About ZenaTech
ZenaTech (Nasdaq: ZENA) is a technology company specializing in
AI drone solutions and enterprise SaaS solutions for
mission-critical business applications. Since 2017, the company has
leveraged its software development expertise and grown its drone
design and manufacturing capabilities through ZenaDrone, to
innovate and improve customer inspection, monitoring, safety,
security, compliance, and field service processes. With over 100
enterprise software customers using our branded solutions in law
enforcement, government, and industrial sectors, and drones being
implemented in these plus agriculture, defense, and logistics
sectors, ZenaTech helps drive exceptional operational efficiencies
and cost savings. The company operates through six offices in North
America, Europe, and UAE, and a growing global partner network.
This press release does not constitute an offer to sell or
the solicitation of an offer to buy any securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
Contacts for more information:
Company, Investors and Media:Linda
MontgomeryZenaTech312-241-1415investors@zenatech.com
Investors:Michael MasonCORE IRinvestors@zenatech.com
Safe Harbor
This press release and related comments by management of
ZenaTech, Inc. include “forward-looking statements” within the
meaning of U.S. federal securities laws and applicable Canadian
securities laws. These forward-looking statements are subject to
the safe harbor provisions under the Private Securities Litigation
Reform Act of 1995. This forward-looking information relates
to future events or future performance of ZenaTech and reflects
management’s expectations and projections regarding ZenaTech’s
growth, results of operations, performance, and business prospects
and opportunities. Such forward-looking statements reflect
management’s current beliefs and are based on information currently
available to management. In some cases, forward-looking information
can be identified by terminology such as “may”, “will”, “should”,
“expect”, “plan”, “anticipate”, “aim”, “seek”, “is/are likely to”,
“believe”, “estimate”, “predict”, “potential”, “continue” or the
negative of these terms or other comparable terminology intended to
identify forward looking statements. Forward-looking
information in this document includes, but is not limited to
ZenaTech’s expectations regarding its revenue, expenses,
production, operations, costs, cash flows, and future growth;
•expectations with respect to future production costs and capacity;
the intention to complete the listing of ZenaTech’s common shares
on an exchange; ZenaTech’s expectations regarding its revenue,
expenses, and operations; ZenaTech’s anticipated cash needs and
it’s needs for additional financing; ZenaTech’s intention to grow
the business and its operations and execution risk; expectations
with respect to future operations and costs; the volatility of
stock prices and market conditions in the industries in which
ZenaTech operates; political, economic, environmental, tax,
security, and other risks associated with operating in emerging
markets; regulatory risks; unfavorable publicity or consumer
perception; difficulty in forecasting industry trends; the ability
to hire key personnel; the competitive conditions of the industry
and the competitive and business strategies of ZenaTech; ZenaTech’s
expected business objectives for the next twelve months; ZenaTech’s
ability to obtain additional funds through the sale of equity or
debt commitments; investment capital and market share; changes in
the target markets; market uncertainty; ability to access
additional capital; management of growth (plans and timing for
expansion); patent infringement; litigation; applicable laws,
regulations, and any amendments affecting the business of
ZenaTech.
Forward-looking statements are based on certain assumptions and
analyses made by the management of ZenaTech in light of its
experience and understanding of historical trends and current
conditions and other factors management believes are appropriate to
consider, which are subject to risks and uncertainties. Although
ZenaTech’s management believes that the assumptions underlying
these statements are reasonable, they may prove to be incorrect and
actual results may vary materially from the forward-looking
information presented. Given these risks and uncertainties
underlying the assumptions made, prospective purchasers of
ZenaTech’s securities should not place undue reliance on these
forward-looking statements.
Further, any forward-looking statement speaks only as of the
date on which such statement is made, and, except as required by
applicable law, ZenaTech undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after
the date on which such statement is made or to reflect the
occurrence of unanticipated events. New factors emerge from time to
time, and it is not possible for management to predict all such
factors and to assess in advance the impact of each such factor on
ZenaTech’s business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statement.
Potential investors should read this document with the
understanding that ZenaTech’s actual future results may be
materially different from what is currently anticipated.
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